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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
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  
Switzerland 14  
Belarus 2  
Date Court
20.05.2003 Supreme Economic Court of the Republic of Belarus
20.05.2003 Supreme Economic Court of the Republic of Belarus
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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