Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4156

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

English translation of the principle

Commercial debts. The general rule is that default interest accrues on them as soon as they fall due. Its condition. Their subject matter must be money, an amount of money of an ascertainable amount at the time it arises. Absence thereof. Its effect. Interest accrues from the date of the obligation of the final judgment. - 766 - Obligation
Arabic original
الديون التجارية. الأصل سريان فوائد التأخير عليها بمجرد استحقاقها. شرطه. أن يكون محلها من النقود مبلغاً معلوماً المقدار من النقود وقت نشوئه. تخلف ذلك.أثره. سريان الفوائد من تاريخ التزام الحكم النهائي. - ٧٦٦ - التزام
Original Arabic judgment citations

(الطعنان ٤١٨، ٤٢٠/٢٠٠٥ تجاري جلسة ٤/٣/٢٠٠٧ مجلة القضاء والقانون - س ٣٥ ج ١ ص ١٧٢)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 766. PDF pages: 766.

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