Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3376

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

English translation of the principle

Loans granted by banks. A commercial act by its nature, whether or not the borrower is a merchant and whether expended on commercial or civil activities, and the bank is entitled to default interest on them.
Arabic original
القروض التي تمنحها البنوك. عمل تجاري بطبيعته سواء كان المقترض تاجراً أم لا وسواء صرفت في أعمال تجارية أو مدنية ويستحق للبنك عليها فوائد تأخيرية.
Original Arabic judgment citations

(الطعن ٨٠٨/٢٠٠٠ تجاري جلسة ١٦/٦/٢٠٠١ مج القسم الرابع - المجلد الخامس ص ٦٨٤)

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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