Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 298

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

English translation of the principle

Default interest on a commercial debt. Payable as soon as the debt falls due. The reason: failure to pay it on time causes damage by the mere fact of its occurrence.
Arabic original
الفوائد التأخيرية على الدين التجاري. استحقاقها بمجرد استحقاقه. علة ذلك: أن عدم الوفاء به في الميعاد موجب للضرر بمجرد حصوله.
Original Arabic judgment citations

(الطعن ١٧١/٢٠٠٥ تجاري جلسة ٢٢/٣/٢٠٠٦ مج القسم الخامس - المجلد الثالث ص ٤٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 60. PDF pages: 60.

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