Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 539

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

English translation of the principle

Awarding interest while the current account is operating. Does not preclude entitlement to default interest on the balance debt after its closure and until payment. - The appellant bank's right to calculate statutory interest on the balance debt from the date on which it obtained the payment order, a date subsequent to the cessation of payment of the remaining value of the two loans and the closure of the current account. Example.
Arabic original
القضاء بالفوائد أثناء سريان الحساب الجاري. لا يحول دون الحق في الفوائد التأخيرية عن دين الرصيد بعد إقفاله وحتى السداد. - حق البنك الطاعن في احتساب الفوائد القانونية على دين الرصيد اعتباراً من تاريخ استصداره أمر الأداء وهو تاريخ لاحق على التوقف عن سداد باقي قيمة القرضين وقفل الحساب الجاري. مثال.
Original Arabic judgment citations

(الطعن ٦١٩/٢٠٠٥ تجاري جلسة ٢٤/٩/٢٠٠٦ مج القسم الخامس - المجلد السادس ص ٥١٢٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 103. PDF pages: 103.

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