Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1148

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

English translation of the principle

Statutory interest. Its nature: compensation payable by the debtor upon delay in performing the obligation to pay a sum of money, merely upon the debt becoming due, without any need to prove damage to the creditor. Reason therefor. The judgment's contravention thereof. An error in application of the law requiring its cassation.
Arabic original
الفوائد القانونية. ماهيتها: تعويض على المدين عند تأخره في الوفاء بالالتزام بدفع مبلغ من النقود بمجرد استحقاق الدين دون حاجة لإثبات لحوق ضرر بالدائن. علة ذلك. مخالفة الحكم ذلك. خطأ في تطبيق القانون يُوجب تمييزه.
Original Arabic judgment citations

(الطعنان ١٥٩، ١٦٠/٢٠٠٣ تجاري جلسة ٨/١٢/٢٠٠٣ مج القسم الخامس - المجلد الثالث ص ٢٠٥)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 219. PDF pages: 219.

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