Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 643

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

English translation of the principle

A decision of the Arbitration Board for Forward Share Transactions prohibiting a debtor from disposing of his property. Its implication. Divesting the debtor of the power to administer or dispose of that property. This does not constitute a diminution of his capacity, but is tantamount to an attachment of his property and a restriction of his authority over it. - A judgment declaring bankruptcy. Its nature and effect on dispositions made by the debtor after its issuance. Example.
Arabic original
قرار هيئة تحكيم معاملات الأسهم بالأجل بمنع المدين من التصرف في أمواله. مقتضاه. غل يد المدين من إدارة هذه الأموال أو التصرف فيها ولا يعد ذلك نقصاً في أهليته بل هو بمثابة حجز على أمواله وتقييد من سلطته عليها. - الحكم بشهر الإفلاس. ماهيته وأثره على التصرفات التي يجريها المدين بعد صدوره. مثال.
Original Arabic judgment citations

(الطعن ٤٧٨/٩٧ تجاري جلسة ٧/٦/١٩٩٨ مج القسم الرابع - المجلد الثاني ص ٥٠٨)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 144. PDF pages: 144.

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