Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 536

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

English translation of the principle

Default interest - its accrual on a debt owed by the debtor that has fallen due and has not been paid - the requirement to calculate it from the due date - the reason for this: it constitutes compensation for delay in paying a commercial debt, which causes harm merely by occurring. - A debt that has fallen due - what is meant by it - a debt of a known amount at the time the obligation arises, which the judiciary has no power to assess. - A debt based on established foundations between the parties - is of a known amount at the time the obligation arises even if the debtor disputes its amount - the reason for this. - 102 - Commercial
Arabic original
الفوائد التأخيرية - استحقاقها عن دين في ذمة المدين حل أجل استحقاقه ولم يوفِ به - وجوب احتسابها من تاريخ الاستحقاق - علة ذلك: أنها بمثابة تعويض عن التأخير في الوفاء بالدين التجاري موجب للضرر بمجرد حصوله. - الدين الذي حل أجله - المقصود به - الدين معلوم المقدار وقت نشوء الالتزام وليس للقضاء سلطة في تقديره. - الدين الذي يستند إلى أسس ثابتة بين الطرفين - معلوم المقدار وقت نشوء الالتزام ولو نازع المدين في مقداره - علة ذلك. - ١٠٢ - تجاري
Original Arabic judgment citations

(الطعنان ٥٠٣، ٥١٥/٢٠٠٢ تجاري جلسة ٢٦/٤/٢٠٠٣ مج القسم الخامس - المجلد الثالث ص ٦٢٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 102. PDF pages: 102.

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