Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3501

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 sum of money of a known amount when it arises. Failure of that condition. Its effect. Interest accrues from the date of the final judgment. - The subject matter of an obligation whose amount is known when it arises. Its meaning. An example concerning carriage charges that were specified and of a known amount when they arose.
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 لإجور نقل محددة ومعلومة المقدار وقت نشوئها.
Original Arabic judgment citations

(الطعن ٨٨٤/٢٠٠٠ تجاري جلسة ١٠/١٢/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٤٢١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 591. PDF pages: 591.

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