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 Article #  

  If a party fails to pay the price or any other sum that is in arrears, the other party is entitled to interest on it, without prejudice to any claim for damages recoverable under article 74.


Issues       
# Cases
 1 Right to interest
18
  1.1 In case of late payment of price
87
  1.2 In case of other sums in arrears
25
 2 Applicable interest rate
5
  2.1 Determined by domestic law of creditor's State
19
   2.1.1 Recourse to statutory rate of interest
25
   2.1.2 Recourse to average bank lending rate of interest
11
  2.2 Determined by domestic law of debtor's State
7
  2.3 Determined by domestic law governing the contract in the absence of CISG
97
  2.4 Determined by domestic law of place of payment
4
  2.5 Interest rate currently used with respect to currency of account
16
 3 Interest accrual
Country # Cases  
Arbitral Award 4  
Argentina 1  
Belgium 5  
Date Court
08.11.1995 Rechtbank van Koophandel, Hasselt
09.10.1996 Rechtbank van Koophandel, Hasselt
16.12.1996 Rechtbank van Koophandel, Kortrijk
04.06.2004 Rechtbank van Koophandel, Kortrijk
24.04.2006 Hof van Beroep, Antwerpen
France 3  
Germany 10  
Italy 2  
Netherlands 2  
Spain 3  
Switzerland 8  
38
 4 Other claims for damages according to Art. 74
23
  4.1 Consideration not required
Total: 213


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