Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3175

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

English translation of the principle

Loans granted by banks. A commercial act by its nature, whether or not the borrower is a merchant and whether they are spent on commercial or civil activities. The bank is entitled to default interest on them whenever the grounds for entitlement thereto are present.
Arabic original
القروض التي تمنحها البنوك. عمل تجاري بطبيعته سواء كان المقترض تاجراً أم لا وسواء صرفت في أعمال تجارية أو مدنية. ويحق للبنك فوائد تأخيرية عنها كلما توافر موجب استحقاقها.
Original Arabic judgment citations

(الطعن ٨٠٨/٢٠٠٠ تجاري جلسة ١٦/٦/٢٠٠١ مج القسم الرابع - المجلد الخامس ص ٨٤٦)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 620.

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