Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 541

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

English translation of the principle

Agreement on an interest rate for a commercial loan. Permissible provided it does not exceed the rates announced by the Central Bank. Example. - 103 - Commercial
Arabic original
الاتفاق على سعر للفائدة على القرض التجاري. جائز شريطة الا تزيد عن الأسعار المعلنة من البنك المركزي. مثال. - ١٠٣ - تجاري
Original Arabic judgment citations

(الطعن ٢٣٧/٨٩ تجاري جلسة ٢٤/١٢/١٩٨٨ مج القسم الثاني - المجلد الأول ص ٧٥٠)

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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