Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3373

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

English translation of the principle

An agreement to receive interest in return for the use of a sum of money or for delay in fulfilling the obligation to pay it. Is void. Basis thereof: Article 305, Civil Code. The judgment's adherence to this view and its dismissal of the claim for statutory interest is correct.
Arabic original
الاتفاق على تقاضي فوائد مقابل الانتفاع بمبلغ من النقود أو مقابل التأخير في الوفاء بالالتزام به. وقوعه باطلا.ً أساس ذلك م ٣٠٥ مدني. التزام الحكم هذا النظر والقضاء برفض طلب الفوائد القانونية صحيح.
Original Arabic judgment citations

(الطعن ٢/١٩٩٩ مدني جلسة ٦/١٢/١٩٩٩ مج القسم الرابع - المجلد الخامس ص ٦٧٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 567. PDF pages: 567.

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