Kuwait Court of Cassation principle number 2980

The regulations concerning licences and structures erected on State property, issued by Decision No. 56 of 2001 of the Minister of Finance, included an amendment to the terms of licences and contracts concerning buildings and structures erected on the State's privately owned immovable property and covered by Council of Ministers Decision No. 592/Sixth of 2001. These are the licences and contracts that ended under a licence or contract system for the exploitation of a plot of land to erect a property. The contractual term of these licences or contracts concluded between the Ministry of Finance and investors is ten years from the end of their original term, whatever the term agreed upon at renewal. The investor must submit a written application expressing his desire to renew one year before the expiry of the contract term. Investors' properties whose contracts or licences expired before the issuance of those regulations. They must submit an application for renewal within three months of the date of their publication in the Official Gazette. If the Ministry of Finance approves renewal, a contract shall be concluded under new conditions, obligations and rental value. If the investor does not agree to renew the contract and licence. The buildings and structures shall devolve upon the State subject to removal. Example. - 556 - Obligation Contract for the appointment of non-Kuwaitis: