DCC 55/1998
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai, United Arab Emirates
Taxonomy
Lending & Security, Guarantees, General Civil Procedure & Administration of Justice
Copyright
LexisNexis
Decision date
6 Mar 1999
Catchwords
Bank Interest – Judgment Interest – Dormant Account – Calculation of Interest
This case involved the claim that interest on an unpaid debt had not been correctly calculated. Clarification was provided on the difference between interest agreed between the bank and their customer and judgment interest, and on how interest should be calculated on the dormant account.
Background