Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1476

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

English translation of the principle

Subjection to the procedures for settling transactions relating to company shares originally concluded pursuant to Law 75 of 1983. Its effect. Continuation of the Institution's custodianship over the debtor's assets until full implementation of the settlement. The judgment's disregard of the significance of the documents submitted by the appellants showing that he notified the Office for Liquidation of Forward Share Transactions of this debt. Deficiency requiring its cassation. Example.
Arabic original
الخضوع لإجراءات تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأصل إعمالاً للقانون ٧٥ لسنة ١٩٨٣. أثره. استمرار حراسة المؤسسة على أموال المدين حتى تمام تنفيذ التسوية. إغفال الحكم دلالة المستندات المقدمة من الطاعنين بقيامه بإخطار مكتب تصفية معاملات الأسهم بالأجل بهذا الدين. قصور يوجب تمييزه. مثال.
Original Arabic judgment citations

(الطعن ٩٢/٩١ تجاري جلسة ٢٨/١٢/١٩٩٢ مج القسم الثالث - المجلد الثاني ص ٧٢٨)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 280. PDF pages: 280.

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