Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3330

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 other than the rate prescribed for statutory interest. Permissible in a commercial obligation.
Arabic original
الإتفاق على سعر الفائدة غير السعر المحدد للفائدة القانونية. جوازه في الالتزام التجاري.
Original Arabic judgment citations

(الطعن ١٤٧/١٩٨٦ تجاري جلسة ٢٥/٣/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٣٩٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 562. PDF pages: 562.

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