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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
Country # Cases  
Arbitral Award 6  
Date Court
00.00.1993 ICC Court of Arbitration - Paris
00.00.1995 ICC Court of Arbitration, Basel
17.11.1995 Hungarian Chamber of Commerce and Industry Court of Arbitration
10.12.1997 Schiedsgericht der Börse für Landwirtschaftliche Produkte - Wien
29.12.1998 Schiedsgericht Hamburger Freundschaftliche Arbitrage
11.02.2000 Tribunal of International Commercial Arbitration at the Russian Federation
Belgium 2  
Finland 1  
France 1  
Germany 9  
Russian Federation 2  
Switzerland 3  
USA 1  
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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