Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4148

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

English translation of the principle

The obligation of the debtor of a commercial debt to pay statutory interest of 7% as compensation for delay. Its prerequisite. The subject matter of this obligation must be a sum of money of a known amount at the time the obligation arises. When the subject matter of this obligation is such. An example.
Arabic original
التزام المدين بالدين التجاري بأن يدفع على سبيل التعويض عن التأخير فوائد قانونية ٧٪ . مناط ذلك. أن يكون محل هذا الالتزام مبلغاً من النقود معلوم مقداره وقت نشوء الالتزام. متى يكون محل هذا الالتزام كذلك. مثال.
Original Arabic judgment citations

(الطعن ٦٦٠/١٩٩٦ تجاري جلسة ١٣/١٠/٢٠٠١ مج القسم الرابع - المجلد الثالث ص ٣١٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 765. PDF pages: 765.

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