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  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
Country # Cases  
Arbitral Award 6  
Argentina 1  
Australia 1  
Austria 1  
Belgium 9  
China 1  
France 2  
Germany 35  
Hungary 1  
Italy 1  
Netherlands 5  
Russian Federation 4  
Date Court
04.04.1998 Tribunal of Int'l Commercial Arbitration at the Russian Federation Chamber of Commerce
13.02.2006 Tribunal of Int'l Commercial Arbitration at the Russian Federation Chamber of Commerce and Industry
07.04.2006 Tribunal of Int'l Commercial Arbitration at the Russian Federation Chamber of Commerce and Industry
14.02.2012 Tenth Arbitration Appeal Court- Moscow
Switzerland 14  
Belarus 2  
Poland 1  
Slovakia 1  
Croatia 1  
Slovenia 1  
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
38
 4 Other claims for damages according to Art. 74
23
  4.1 Consideration not required
Total: 213


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