Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 543

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

English translation of the principle

Loans granted by banks. A commercial act by its nature, whether or not the borrower is a merchant and whether spent on commercial or civil activities. The bank is entitled to default interest on them.
Arabic original
القروض التي تمنحها البنوك. عمل تجاري بطبيعته سواء كان المقترض تاجراً أو لا وسواء صرفت في أعمال تجارية أو مدنية. ويستحق البنك عليها فوائد تأخيرية.
Original Arabic judgment citations

(الطعن ٨٠٨/٢٠٠٠ تجاري جلسة ١٦/٦/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٧٣٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 104. PDF pages: 104.

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