Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3377

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

English translation of the principle

The obligation of the debtor of a commercial debt to pay statutory interest of 7% as compensation for delay. The criterion therefor. The subject of this obligation must be a sum of money whose amount is known when the obligation arises. When the subject of this obligation is so characterized. Example.
Arabic original
التزام المدين بالدين التجاري بأن يدفع على سبيل التعويض عن التأخير فوائد قانونية ٧ ٪ مناط ذلك. أن يكون محل هذا الالتزام مبلغاً من النقود معلوم مقداره وقت نشوء الالتزام. متى يكون محل هذا الالتزام كذلك. مثال.
Original Arabic judgment citations

(الطعن ٦٦٠/١٩٩٦ تجاري جلسة ١٣/١٠/٢٠٠١ 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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