Kuwait Court of Cassation principle number 1773

The new law applies to everything occurring from the date it comes into force unless otherwise provided. The effects of dispositions remain subject to the law under which they were concluded unless the provisions of the new law relate to public policy, in which case they apply to the effects arising after it comes into force. Article 3 of the Civil Code. - Commercial obligations and contracts are subject to the provisions of the Civil Code except as provided in the Commercial Law. Article 96 of the Commercial Law. - Raising the statutory default interest rate to 7% from the date of judicial demand. Articles 110, 113 of the Commercial Law. Its non-application to dispositions concluded before the promulgation of the Commercial Law. Their effects are subject to the law under which they were concluded. The reason for this. Articles 110, 113 of the Commercial Law contain a supplementary rule not intended to protect a public interest and not relating to public policy.