Default Interest Rates.

Abstract

This academic article focuses on the civil and commercial law concerning default interest rates on money debts. By applying the provisions on interest rates and default interest rates in the Royal Enactment Amending the Civil and Commercial Code B.E. 2564 to use in the study. Including principles and concepts about default interest rates, Comparison of foreign law and Thai law as well as analyze problems arising from the amendment of the civil and commercial law concerning default interest rates. The study found that the amendment to the default interest rate is a correction to consistent with the current situation and economic conditions and determine the appropriate method for calculating the interest on defaulted debt for the benefit of maintaining the stability of the country's economy and to comply with foreign law principles. The provision also has issues to consider regarding the default interest rate framework and the voiding of the agreement in violation of the law. In order to solve the problem of calling for unreasonably high default interest rates more effective and truly fair.