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078379 AI generated

Court allows interest on letters of credit despite uniform law, citing specific decree establishing the rate.

Case Number 078379
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Partially Allowed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court granted the appeal to allow interest on letters of credit, overriding the strict prohibition in the Uniform Law. While the Uniform Law generally forbids such claims, the parties argued that the specific Decree-Law n. 262/83 established a valid interest rate. The court ruled that this specific decree prevails over the general prohibition, permitting the interest claim.

Legislator headnote

Official

JUROS DE MORA LETRA LIVRANÇA

Keywords

AI generated
Letters of Credit Interest Rates Uniform Law Decree-Law Precedence Commercial Credit Legal Hierarchy Portuguese Law

Cited Legislation

AI generated
Art. 48 da Lei Uniforme relativa às Letras e Livranças
Decreto-Lei n. 262/83, de 16 de Julho
Não obstante o que consta do artigo 48 da Lei Uniforme relativa as Letras e Livranças, podem ser pedidos juros a taxa estabelecida pelo Decreto-Lei n. 262/83, de 16 de Julho.

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Full text

[Nº CONVENCIONAL] JSTJ00000193

[Nº DO DOCUMENTO] SJ199001170783791

[PRIVACIDADE] 1

[PROCESSO NO TRIBUNAL RECURSO] 1235

[TEXTO INTEGRAL] N

[TRIBUNAL RECURSO] T REL LISBOA

[URL] https://www.dgsi.pt/jstj.nsf/954f0ce6ad9dd8b980256b5f003fa814/382AFDADC48AFF95802568FC00392ABE?OpenDocument

SUMÁRIO

Não obstante o que consta do artigo 48 da Lei Uniforme relativa as Letras e Livranças, podem ser pedidos juros a taxa estabelecida pelo Decreto-Lei n. 262/83, de 16 de Julho.