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Today’s Legal Enlightenment (Thursday, 18 August 2022) – RATE OF INTEREST ESTABLISHED BY THE COURT

In this case, the agreed interest is 20% a month. For humanitarian and justice considerations, the interest granted is 3% a month, in accordance with the interest on loans to State Banks at the time the Agreement is entered into.

→ Supreme Court Decision No. 1253 K/Sip/1973, dated 14 October 14 1976.

Kind Regards,

Fredrik J. Pinakunary


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