Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1080

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

English translation of the principle

Accrual of interest on payments into a current account. Its condition. Agreement to that effect during the period of its operation. Failure to specify the interest rate in the agreement. Its implication. Calculation thereof in accordance with prevailing custom.
Arabic original
إنتاج فوائد على مدفوعات الحساب الجاري. شرطه. الاتفاق على ذلك أثناء فترة تشغيله. عدم تحديد سعرها في الاتفاق. مؤداه. احتسابها طبقاً لما يجرى به العرف.
Original Arabic judgment citations

(الطعن ٥٥٢/٢٠٠٥ تجاري جلسة ٢٣/١/٢٠٠٧ مجلة القضاء والقانون - س ٣٥ ج ١ ص ٦٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 209. PDF pages: 209.

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