Kuwait Court of Cassation principle number 123

The new law applies to everything occurring from the date it comes into force unless otherwise provided. The effects of legal transactions 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 those effects arising after its entry into force. Article 3, Civil Code. - Commercial obligations and contracts are subject to the provisions of the Civil Code except as provided in the Commercial Code. Article 96, Commercial Code. - Raising the statutory default interest rate to 7% from the date of judicial demand. Court. Articles - 359 - Procedure 110, 113, Commercial Code. Its inapplicability to transactions concluded before the promulgation of the Commercial Code. Their effects are subject to the law under which they were concluded. The reason for this. Articles 110, 113, Commercial Code: their rule is supplementary, was not intended to protect a public interest and does not relate to public policy.