Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3018

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

English translation of the principle

An agreement that the creditor has the right to acquire ownership of the pledged thing or sell it without observing the prescribed procedures if the debt is not paid when due. Prohibited.
Arabic original
الاتفاق على أن للدائن حق تملك الشيء المرهون أو بيعه بدون مراعاة الإجراءات المقررة في حالة عدم استيفاء الدين عند حلول أجله. محظور.
Original Arabic judgment citations

(الطعن ١٨١/٩٣ تجاري جلسة ١٨/٤/١٩٩٤ مج القسم الثالث - المجلد الثالث ص ٢٧١)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 562. PDF pages: 562.

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