In the field of Private Law judicial proceedings provide an indispensable basis to protect the exercise of such rights, to adjudicate on the origin or legality of the various parties’ claims and to preserve some of the fundamental principles of our legal system such as contractual freedom, private ownership, the safeguarding of commercial trading and the protection and promotion of credit facilities; the real engine of the economy, and the collateral provided for this.

The current prolonged economic and political crisis, that at the time of writing, we continue to find ourselves immersed in and which shows little sign of abating in the short term, has both undermined and called into question the established reputation and justification for certain institutions and the foundational basis for some of the legal principles previously referred to.

One of the inevitable consequences arising from the slowdown and deterioration in the economy, has been rising unemployment, the decreased purchasing power of households and businesses as well as an increasing level of indebtedness. The creditor’s position is not limited – in a simplistic and all too frequently recited mantra – to financial institutions or large companies; but on the contrary it is in the interest of all economic operators to have in place appropriate instruments to obtain effective and rapid legal redress, through the appropriate judicial or extrajudicial channels, to vindicate the necessary satisfaction of our rights.

This web has undertaken the undoubtedly meritorious challenge of facilitating access and understanding of the currently enforce procedural rules, to thereby improve the reader’s understanding in a flexible and practical manner, with regard to the abundance of legislation governing this area. Thus, whoever navigate in this site can avail of a practical and effective tool for the protection of our rights to collect outstanding debts and as the case may be to seek appropriate debt relief by way of civil or commercial proceedings.

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