Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 142

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

English translation of the principle

An agreement on an interest rate exceeding the statutory interest. Void. This relates to public policy. An example.
Arabic original
الاتفاق على سعر فائدة يزيد عن الفائدة القانونية. باطل تعلق ذلك بالنظام العام. مثال.
Original Arabic judgment citations

(الطعن ٢٩٢/٩٥ تجاري جلسة ١٧/٣/١٩٩٧ مج القسم الرابع - المجلد السادس ص ٦٣٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 34. PDF pages: 34.

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