Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3367

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

English translation of the principle

Default interest. Compensation for the debtor's delay in performing his obligation. - Delay in payment of a commercial debt beyond its due date gives rise to harm by its mere occurrence.
Arabic original
الفوائد التأخيرية. تعويض عن تأخر المدين في الوفاء بالتزامه. - التأخير في الدين التجاري عن ميعاد استحقاقه موجب للضرر لمجرد حصوله.
Original Arabic judgment citations

(الطعن ١٣٠/١٩٩٦ تجاري جلسة ٢٧/١٠/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ٤٠٨)

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.

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