Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 201

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

English translation of the principle

Agreement on an interest rate for a commercial loan. Permissible provided that it does not exceed the rates announced by the Central Bank. Example.
Arabic original
الاتفاق على سعر للفائدة على القرض التجاري. جائز شريطة ألا تزيد عن الأسعار المعلنة من البنك المركزي. مثال.
Original Arabic judgment citations

(الطعن ٢٣٧/٨٩ تجاري جلسة ٢٤/١٢/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٥١٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 45. PDF pages: 45.

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