Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3386

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

English translation of the principle

The debtor's delay in performing a commercial obligation to pay a sum of money of a known amount at the inception of the obligation. Its effect. His obligation to pay the creditor statutory interest of 7% as compensation for delay. - The subject matter of an obligation of a known amount at its inception. Its meaning. - Statutory interest. Its nature and when it accrues.
Arabic original
تأخر المدين في الالتزام التجاري في الوفاء بمبلغ من النقود معلوم المقدار وقت نشوء الالتزام. أثره. التزامه بأن يدفع للدائن على سبيل التعويض عن التأخير فوائد قانونية قدرها %٧ . - محل الالتزام المعلوم المقدار وقت نشوئه. المقصود به. - الفوائد القانونية. ماهيتها ومتى تسرى.
Original Arabic judgment citations

(الطعنان ٤٣٤، ٤٣٥/٢٠٠٥ تجاري جلسة ١٤/٥/٢٠٠٦ مج القسم الخامس - المجلد التاسع ص ٢٥٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 569. PDF pages: 569.

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