Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3378

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

English translation of the principle

Commercial debts. The general rule is that default interest accrues on them as soon as they fall due. Its condition. Their subject matter must be a monetary sum of a known amount at its inception. Absence thereof. Its effect. Interest accrues from the date of the final judgment. - The subject matter of an obligation of a known amount at its inception. Its nature. Example of carriage charges specified and known in amount at the inception of the obligation to pay them.
Arabic original
الديون التجارية. الأصل سريان فوائد التأخير عليها بمجرد استحقاقها. شرطه. أن يكون محلها من النقود مبلغاً معلوم المقدار وقت نشوئه. تخلف ذلك.أثره. سريان الفوائد من تاريخ الحكم النهائي. - محل الالتزام المعلوم المقدار وقت نشوئه. ماهيته. مثال لأجور نقل محددة ومعلومة المقدار وقت نشوء الالتزام بها.
Original Arabic judgment citations

(الطعن ٨٨٤/٢٠٠٠ تجاري جلسة ١٠/١٢/٢٠٠١ مج القسم الرابع - المجلد الخامس ص ٦٨٦)

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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