Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 158

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

English translation of the principle

Interest rate, statutory or contractual. It may not exceed 7% in the former case or the rate announced by the Central Bank in the latter. Articles 110, 111 of the Commercial Code. This concerns public policy.
Arabic original
سعر الفائدة قانونية أو اتفاقية. عدم جواز زيادته عن ٧ ٪ في الأولى وعن السعر المعلن من البنك المركزي في الثانية. المادتان ١١٠، ١١١ ق التجارة. تعلق ذلك بالنظام العام.
Original Arabic judgment citations

(الطعن ٣٩/٢٠٠١ تجاري جلسة ١٥/٦/٢٠٠٢ مج القسم الخامس - المجلد الحادي عشر ص ٤٢٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 37. PDF pages: 37.

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