Arabic source examples:

State of Kuwait · Statutory text

Article 383 of Commercial Code

English translation

1 - The bank may request the provision of security in return for issuing the letter of guarantee. 2 - The security may consist of an assignment by the applicant of his right against the beneficiary.
Arabic original
١ - يجوز للبنك أن يطلب تقديم تأمين مقابل إصدار خطاب الضمان. ٢ - ويجوز أن يكون التأمين تنازلاً من الأمر عن حقه قبل المستفيد.

Ask about this article

Guidance based on this article and the Kuwait legal sources available on this platform, separate from the original text.

Continue your case in the legal workspace

Open legal workspace