Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3366

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

English translation of the principle

Default or statutory interest. Its condition. The subject matter of the obligation must be a sum of money of a known amount when the obligation arises, and the debtor must delay payment thereof. The meaning of the expression ‘of a known amount.’ Example of a debt of a known amount when the obligation arises.
Arabic original
الفوائد التأخيرية أو القانونية. شرطها. كون محل الالتزام مبلغاً من النقود معلوم المقدار وقت نشوء الالتزام وتأخر المدين في الوفاء به. المقصود بعبارة معلوم المقدار. مثال لدين معلوم المقدار وقت نشوء الالتزام.
Original Arabic judgment citations

(الطعن ٥٩/١٩٩٦ تجاري جلسة ١٠/٧/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ٤٠٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 566. PDF pages: 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