Kuwait Court of Cassation principle number 441

Establishment that the debt consists of banking facilities granted by the bank to the debtor, for which it opened a current account in which it was entered. The parties' intention that default interest accrue from the due date, liquidation of the account, and determination of the final balance. Consequence. The appellant is liable for interest from the due date without any need for agreement thereon. The judgment's assessment of interest at the statutory interest rate and requiring the debtor to pay it from the account closing date until full payment. No defect.