Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3326

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

English translation of the principle

Delay in performing a commercial obligation whose subject matter is a sum of money of an ascertained amount at the time the obligation arose. Its effect. The debtor’s obligation to pay the creditor statutory interest by way of compensation from the due date.
Arabic original
التأخر في الوفاء بالتزام تجاري. محله مبلغ من النقود معلوم المقدار وقت نشوء الالتزام. أثره. التزام المدين بأن يدفع للدائن فوائد قانونية على سبيل التعويض منذ تاريخ الاستحقاق.
Original Arabic judgment citations

(الطعن ٢٠/١٩٨٥ تجاري جلسة ١٣/١١/١٩٨٥ مج القسم الأول - المجلد الثاني ص ٤٢٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 561. PDF pages: 561.

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