Kuwait Court of Cassation principle number 3387

Default interest relates to a debt that has fallen due and constitutes compensation for the debtor's delay in paying it, and becomes due when the debt becomes due. Articles 110, 113 of the Commercial Code. - Delay in paying a commercial debt at its maturity gives rise to damage merely by occurring. Article 113 of the Commercial Code. - An award of interest while the current account is running. It does not preclude the right to default interest on the balance debt after its closure and until payment. - The appellant bank's right to calculate statutory interest on the balance debt from the date on which it obtained the payment order, a date subsequent to cessation of payment of the remainder of the two loans and closure of the current account. Example.