Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 547

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

English translation of the principle

A loan granted by a bank. A commercial act by its nature. The rationale for this. It is a banking transaction whatever its purpose, whether civil or commercial. The implication of this. Entitlement to interest for delay in its repayment,
Arabic original
القرض الذي يمنحه البنك. عمل تجاري بطبيعته. علة ذلك. إنه من معاملات البنوك أياً كان الغرض منه سواء أكان مدنياً أو تجارياً. مؤدى ذلك. استحقاق فائدة عن التأحير في الوفاء به،
Original Arabic judgment citations

(الطعن ٧١/٢٠٠٤ تجاري جلسة ٢٠/١٠/٢٠٠٤ مج القسم الخامس - المجلد الثالث ص ٦٢٩)

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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