Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1201

State of Kuwait · Civil Matters — Volume 10 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A debtor under a commercial obligation delaying payment of a sum of money of a known amount when the obligation arose. Its effect. His obligation to pay the creditor statutory interest of 7% as compensation for delay. - The subject matter of an obligation whose amount is known when it arises. Its meaning.
Arabic original
تأخر المدين في الالتزام التجاري في الوفاء بمبلغ من النقود معلوم المقدار وقت نشوء الالتزام. أثره. التزامه بأن يدفع للدائن على سبيل التعويض عن التأخير فوائد قانونية قدرها ٧ ٪. - محل الالتزام المعلوم المقدار وقت نشوئه. المقصود به.
Original Arabic judgment citations

(الطعنان ٢٣٤، ٤٣٥/٢٠٠٥ تجاري جلسة ١٤/٥/٢٠٠٦ مج القسم الخامس - المجلد الثالث ص ١٧٧)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 255. PDF pages: 255.

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