Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3358

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

English translation of the principle

Default interest on the amount of a bill of exchange. When payable: from the time payment becomes possible. Basis thereof. The judgment's departure from this and calculation of interest from the original due date. A violation of the law requiring its cassation.
Arabic original
فوائد التأخير على قيمة الكمبيالة. متى تستحق: من الوقت الذي يصبح فيه السداد ممكناً. أساس ذلك. مخالفة الحكم ذلك واحتساب الفوائد من وقت الاستحقاق الأصلي. مخالفة للقانون توجب تمييزه.
Original Arabic judgment citations

(الطعن ١٩١/١٩٩٣ تجاري جلسة ١٥/٥/١٩٩٤ مج القسم الثالث - المجلد الثالث ص ٤٠٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 565. PDF pages: 565.

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