Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3388

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. That their subject be a sum of money of a known amount at the time it arises. Absence thereof. Its effect. Interest accrues from the date of the final judgment. - The subject of an obligation of a known amount at the time it arises. Its nature. An example concerning a company's share in a reinsurance contract.
Arabic original
الديون التجارية. الأصل سريان فوائد التأخير عليها بمجرد استحقاقها. شرطه. أن يكون محلها مبلغاً من النقود معلوم المقدار وقت نشوئه. تخلف ذلك. أثره. سريان الفوائد من تاريخ الحكم النهائي. - محل الالتزام المعلوم المقدار وقت نشوئه. ماهيته. مثال بشأن حصة شركة في عقد إعادة تأمين.
Original Arabic judgment citations

(الطعنان ٥٥٥، ٥٩٩/٢٠٠٥ تجاري جلسة ٨/١٠/٢٠٠٦ مج القسم الخامس - المجلد التاسع ص ٢٦٢)

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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