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Once more on the Cumulation of Ordinary Interest and Default Interest (and on Sanctions in Private Law).

JUDr. Milan Hlušák, PhD., Faculty of Law of the Trnava University in Trnava

Právny obzor, 105, 2022, No. 2, pp. 165 – 172.

Published online: 19.4.2022

Abstract. In the article the author responds to the study of prof. O. Ovečková on ordinary interest and default interest, and disputes her conclusion that during default the creditor is entitled to both, ordinary as well as default interest. In the author’s view, the creditor is entitled only to the higher of the two, since both claims are, to a certain extent, aimed at satisfying the same interest of the creditor. In the article, the author further discusses the nature of sanctions in private law, in particular the question whether private law sanctions really fulfil a preventive, punitive and compensatory function. He points out the difference between the function or substance of sanctions and their effect. He concludes that, at present, sanctions in private law essentially fulfil only a compensatory function. However, it does not exclude the possibility that they may also have a preventive or punitive effect in individual cases.

Key words: default interest, cumulation of ordinary and default interest, sanctions in private law


ISSN 2729-9228

ISSN 0032-6984


Právny obzor je recenzovaný časopis a je indexovaný v databázach SCOPUS a HeinOnline (INDEX TO FOREIGN LEGAL PERIODICALS)


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