Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3364

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

English translation of the principle

Raising the statutory default interest rate to 7% from the date of judicial demand. Articles 110, 113, Commercial Code. Its inapplicability to transactions concluded before the promulgation of the Commercial Code. Their effects are subject to the law under which - 565 - Commercial they were concluded. The rationale therefor. Articles 110, 113 of the Commercial Code contain a supplementary rule not intended to protect a public interest and not concerning public policy.
Arabic original
رفع سعر الفائدة القانونية التأخيرية إلى ٧ ٪ من تاريخ المطالبة القضائية. م ١١٠، ١١٣ تجارة. عدم إنطباقه على التصرفات المبرمة قبل صدور قانون التجارة. خضوع آثارها للقانون الذي - ٥٦٥ - تجاري أبرمت في ظله. علة ذلك. م ١١٠، ١١٣ تجارة حكمهما مكمل لم يهدف لحماية مصلحة عامة ولا يتعلق بالنظام العام.
Original Arabic judgment citations

(الطعن ٦/٩٥ تجاري جلسة ٧/١١/١٩٩٥ مج القسم الثالث - المجلد الثالث ص ٤٠٥)

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: 565–566.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace