Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3445

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

English translation of the principle

Statutory interest on a commercial debt is awarded from its due date if the amount of the monetary obligation is known when it arises. Absence of this characteristic. Its effect. Interest runs from the date of the final judgment. Example.
Arabic original
القضاء بالفوائد القانونية في الدين التجاري يكون من تاريخ استحقاقه إذا كان محل الالتزام النقدي معلوم المقدار وقت نشوئه. تخلف هذه الصفة. أثره. سريان الفوائد من تاريخ الحكم النهائي. مثال.
Original Arabic judgment citations

(الطعن ٦/٩٥ تجاري جلسة ٧/١١/١٩٩٥ مج القسم الثالث - المجلد الأول ص ٦٧٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 582. PDF pages: 582.

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