Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1045

State of Kuwait · Civil Matters — Volume 10 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The beneficiary may assign the letter of guarantee to a third party when the bank agrees thereto. This is subject exclusively to the rules of commercial law.
Arabic original
جواز التنازل عن خطاب الضمان من المستفيد للغير متى وافق البنك على ذلك. خضوع ذلك لقواعد القانون التجاري دون غيرها.
Original Arabic judgment citations

(الطعن ٨٨/٨٩ تجاري جلسة ١٥/١/١٩٩٠ مج القسم الثاني - المجلد الثاني ص ٥٤٥)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 225. PDF pages: 225.

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