Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4144

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

English translation of the principle

An agreement to receive interest in consideration of benefiting from a sum of money or in consideration of delay in fulfilling the obligation to pay it. It is void. The basis for this. Article 305, Civil Code. The judgment’s adherence to this view and its dismissal of the claim for statutory interest are correct.
Arabic original
الاتفاق على تقاضي فوائد مقابل الانتفاع بمبلغ من النقود أو مقابل التأخير في الوفاء بالالتزام به. وقوعه باطلا.ً أساس ذلك. م ٣٠٥ مدني. التزام الحكم هذا النظر والقضاء برفض طلب الفوائد القانونية صحيح.
Original Arabic judgment citations

(الطعن ٢/٩٩ مدني جلسة ٦/١٢/١٩٩٩ مج القسم الرابع - المجلد الثالث ص ٣٠٨)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 764. PDF pages: 764.

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