Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 196

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

English translation of the principle

A current account whose value has not been determined and whose closure neither party requested before demanding payment, with no agreement on the notice period. It is deemed closed, and statutory interest runs from the date of receipt of the letter demanding payment. Example.
Arabic original
الحساب الجاري الذي لم تحدد قيمته ولم يطلب أحد الطرفين قفله قبل المطالبة بالسداد وعدم الاتفاق على مدة الاخطار. اعتباره مقفولاً وسريان الفوائد القانونية من تاريخ تسلم كتاب المطالبة بالسداد. مثال.
Original Arabic judgment citations

(الطعن ٢٧٢/٨٨ تجاري جلسة ٢٠/٣/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٥١٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 44. PDF pages: 44.

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