Article 78230 Cases 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.

Number

Issue

# Cases

Right to interest

1.1

In case of late payment of price

1.2

In case of other sums in arrears

Applicable interest rate

2.1

Determined by domestic law of creditor's State

2.1.1

Recourse to statutory rate of interest

2.1.2

Recourse to average bank lending rate of interest

2.2

Determined by domestic law of debtor's State

2.3

Determined by domestic law governing the contract in the absence of CISG

103

2.4

Determined by domestic law of place of payment

2.5

Interest rate currently used with respect to currency of account

Country	Date	Court
Arbitral Award	00-00-1992	ICC Court of Arbitration - Paris
Arbitral Award	00-00-1993	ICC Court of Arbitration - Paris
Arbitral Award	15-06-1994	Internationales Schiedsgericht der Bundeskammer der gewerblichen Wirtschaft - Wien (Vienna), Austria
Arbitral Award	15-06-1994	Internationales Schiedsgericht der Bundeskammer der gewerblichen Wirtschaft - Wien (Vienna), Austria
Arbitral Award	00-00-1995	ICC Court of Arbitration, Basel
Arbitral Award	17-11-1995	Hungarian Chamber of Commerce and Industry Court of Arbitration
Arbitral Award	05-12-1995	Hungarian Chamber of Commerce and Industry Court of Arbitration
Arbitral Award	00-00-1996	ICC Court of Arbitration - Zurich
Arbitral Award	00-12-1998	ICC Court of Arbitration - Milan
Arbitral Award	00-00-2003	ICC International Court of Arbitration
Arbitral Award	19-05-2004	International Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation
Cases: 11
Austria	26-01-2005	Oberster Gerichtshof
Cases: 1
Belarus	20-05-2003	Supreme Economic Court of the Republic of Belarus
Belarus	20-05-2003	Supreme Economic Court of the Republic of Belarus
Cases: 2
China	19-03-2009	Shanghai First Intermediate Court
Cases: 1
Slovenia	01-07-2013	Ljubljana Arbitration Centre
Cases: 1
USA	09-09-1994	U.S. District Court, N.D., New York
Cases: 1

Interest accrual

Other claims for damages according to Art. 74

4.1

Consideration not required

Selected Cases by Article & Issues