Kuwait Court of Cassation principle number 91

The new law applies to everything occurring from its effective date unless otherwise stipulated. The effects of legal transactions remain subject to the law under which they were concluded, unless the provisions of the new law concern public policy, in which case they apply to effects arising after its entry into force. Article 3 of the Civil Code. - Commercial obligations and contracts. The provisions of the Civil Code apply to them, except as provided by the Commercial Code. Article 96 of the Commercial Code. - Raising the statutory default interest rate to 7% from the date of the judicial claim. Articles 110 and 113 of the Commercial Code. It does not apply to transactions concluded before the promulgation of the Commercial Code. Their effects are subject to the law under which they were concluded. The reason for this. The rules in Articles 110 and 113 are supplementary, do not aim to protect a public interest, and do not concern public policy.