Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1089

State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Bank transfer or remittance. One of the most prominent forms of payment through accounting entries. It must be effected by a written order from the customer. The transfer order may not be made to bearer. Reason therefor: prevailing banking custom and avoidance of exposure to loss or theft. Article 354/2, Commercial Code.
Arabic original
التحويل أو النقل المصرفي. من أبرز صور الوفاء عن طريق القيود الحسابية. وجوب إتمامه بأمر كتابي من العميل. عدم جواز أن يكون أمر النقل لحامله. علة ذلك: ما يجري به العرف المصرفي وتجنب تعرضه للضياع أو السرقة. م ٣٥٤/٢ ق التجارة.
Original Arabic judgment citations

(الطعن ٧٢٠/٢٠٠٧ تجاري جلسة ١٤/٢/٢٠١٠ مجلة القضاء والقانون - س ٣٨ ج ١ ص ١٦٨)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 211. PDF pages: 211.

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