Kuwait Court of Cassation principle number 253

Where the provision in Article 1 of Law 45/1989 contains no restriction to a particular type of company, the exception applies to all companies, including limited liability companies. Whatever exceeds this scope. Companies and banks remain governed by the rules prescribed in Currency Law 32/1968, the Companies Law, and the Minister of Finance’s Decision of 19/3/1984. A judgment’s contravention thereof. An error in applying the law requiring its cassation(*).