Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1045

State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Entry of transactions into and their merger in the current account and the loss of their individuality. And their independence therein. Effect thereof. The rules governing current-account interest apply to them. - Compound interest. Its prohibition by the legislature. An exception for what commercial usages prescribe and what commercial custom has established concerning capitalising interest from the current account and collecting interest thereon while the account remains open.
Arabic original
إفراغ عمليات واندماجها في الحساب الجاري وفقد ذاتيتها. واستقلالها فيه. أثره. سريان القواعد التي تحكم فوائد الحساب الجاري عليها. - الفوائد المركبة. تحريم المشرع إياها. استثناء مما تجري به العادات التجارية وما جرى به العرف التجاري بتجميد الفوائد من الحساب الجاري واقتضاء فوائد عنها أثناء قيام الحساب.
Original Arabic judgment citations

(الطعن ١٤٧/١٩٨٦ تجاري جلسة ٢٥/٣/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ١٦٤)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 204. PDF pages: 204.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace