Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4240

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

English translation of the principle

Transactions relating to insurance of all types. Commercial transactions. Necessary consequence thereof. The provisions of the Commercial Code apply to them, including entitlement to statutory interest as compensation for delay in discharging a commercial obligation whose subject matter is a sum of money.
Arabic original
الأعمال المتعلقة بالتأمين بأنواعه. أعمال تجارية. لازم ذلك. سريان أحكام قانون التجارة عليها ومنها استحقاق فوائد قانونية كتعويض عن التأخير في الوفاء بالالتزام التجاري الذي يكون محله مبلغاً من النقود.
Original Arabic judgment citations

(الطعن ٤٥٠/٢٠٠٥ تجاري جلسة ٢٤/٤/٢٠٠٧ مجلة القضاء والقانون - س ٣٥ ج ٢ ص ٨٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 784. PDF pages: 784.

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