Arabic source examples:

State of Kuwait · Statutory text

Article 448 of Commercial Code

English translation

1 - If the drawee accepts the bill of exchange, he becomes obliged to pay its value at maturity. 2 - In the event of non-payment, the holder, even if he is the drawer himself, may claim from the accepting drawee, by a direct action arising from the bill of exchange, everything that may be claimed pursuant to Articles 482 - 483. Section Three Aval
Arabic original
١ - إذا قبل المسحوب عليه الكمبيالة صار ملزما بوفاء قيمتها في ميعاد استحقاقها. ٢ - وفي حالة عدم الوفاء يكون للحامل ولو كان هو الساحب ذاته، مطالبة المسحوب عليه القابل بدعوى مباشرة ناشئة عن الكمبيالة بكل ما تجوز المطالبة به بموجب المادتين ٤٨٢ - ٤٨٣ .

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