Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3346

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

English translation of the principle

The subject matter of an acknowledgment must be something in which dealings are permissible. Dealing in usurious interest exceeding the legally prescribed rate is void for contravening public policy. The effect thereof is the nullity of an acknowledgment of such interest and its lack of evidentiary force.
Arabic original
محل الإقرار يجب أن يكون مما يجوز التعامل فيه التعامل بفوائد ربوية تزيد عن السعر المحدد قانوناً باطل لمخالفته للنظام العام أثر ذلك بطلان الإقرار بمثل هذه الفوائد وانعدام حجيته.
Original Arabic judgment citations

(الطعن ٣٦٠/١٩٨٩ تجاري جلسة ٧/٥/١٩٩٠ مج القسم الثاني - المجلد الاثني ص ٣٩٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 563. PDF pages: 563.

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