The balance of a closed current account

This decision provides important insight into your property law. Here is what it changes for you.

The situation

The balance of a closed current account automatically accrues interest at the statutory interest rate, unless the parties have agreed otherwise, until full settlement of the debt. Accordingly, a court of appeal rightly, having found that the bank had claimed interest on the balances of the current accounts of two companies, ordered the guarantor to pay them.

What the law says

This decision confirms the fundamental principles of property law.

Key takeaways

• Strictly comply with the statutory time limits for bringing an appeal
• Keep all your supporting documents (title deeds, instruments, correspondence)
• Be proactive: preventive legal advice always costs less than litigation

For an analysis of your situation: 30-minute consultation at €45 with Maître Zakine.