Kuwait Court of Cassation principle number 25

The provision in Article 32 of Decree-Law 57/1982 staying all civil and criminal judicial proceedings concerning transactions relating to company shares concluded on deferred terms before its entry into force, in respect of which postdated cheques, instruments or other means of payment were issued and their value has not been collected, until they are determined by the arbitration tribunal established pursuant to the provisions of this Law, applies only to proceedings and actions concerning transactions relating to company shares concluded on deferred terms before its entry into force, and does not apply to other transactions. Example.