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