Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 117

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The subject matter of an admission must be something in which dealings are permissible. Dealings involving usurious interest exceeding the rate fixed by law are void for contravening public policy. The effect of this. The nullity of an admission concerning such interest and its lack of evidentiary force. - 30 - Commercial
Arabic original
محل الإقرار يجب أن يكون مما يجوز التعامل فيه. التعامل بفوائد ربوية تزيد عن السعر المحدد قانوناً باطل لمخالفته للنظام العام. أثر ذلك. بطلان الإقرار بمثل هذه الفوائد وانعدام حجيته. - ٣٠ - تجاري
Original Arabic judgment citations

(الطعن ٣٦٠/٨٩ تجاري جلسة ٧/٥/١٩٩٠ مج القسم الثاني - المجلد الثالث ص ٩٣٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 30. PDF pages: 30.

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