Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 895

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

English translation of the principle

The decision of the Arbitration Panel for Forward Share Transactions prohibiting the debtor from disposing of his assets and appointing the Institution for Settlement of Forward Transactions in Company Shares as their receiver. Its implication. Depriving the debtor of management of or disposition over his assets and withholding his right to litigate concerning them, but this does not constitute a deficiency in his capacity. A judgment's contravention thereof. An error requiring its cassation.
Arabic original
قرار هيئة تحكيم معاملات الأسهم بالأجل بمنع المدين من التصرف في أمواله وتعيين مؤسسة تسوية معاملات أسهم الشركات التي تمت بالأجل حارساً عليها. مقتضاه. غل يد المدين عن إدارة أمواله أو التصرف فيها وحجب حق التقاضي عنه بشأنها لكنه لا يعد نقصاً في أهليته. مخالفة الحكم. خطأ يُوجب تمييزه.
Original Arabic judgment citations

(الطعن ١٤/١٩٨٦ تجاري جلسة ٦/١١/١٩٨٩ مج القسم الثاني - المجلد الثاني ص ٥٤٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 193. PDF pages: 193.

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