Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1053

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

English translation of the principle

Statutory interest is compensation for delay in fulfilling an obligation to pay a sum of money. It accrues as soon as the debt falls due, without proof of harm or agreement upon it, and the debtor is exempted from it only by an agreement or custom so providing.
Arabic original
الفوائد القانونية تعويض عن التأخر في الوفاء بالالتزام بدفع مبلغ من النقود تسري بمجرد استحقاق الدين دون إثبات لضرر أو اتفاق عليها ولا يعفى منها المدين إلا باتفاق أو عرف يقضي بذلك.
Original Arabic judgment citations

(الطعن ١٤١/٨٩ تجاري جلسة ٢٤/١٢/١٩٨٩ مج القسم الثاني - المجلد الثالث ص ١٦٨)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 205. PDF pages: 205.

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