Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1798

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

English translation of the principle

A change in the currency exchange rate, upward or downward, at the time of payment from that at the time of the agreement fixing its amount. Effect thereof. The debtor’s obligation remains for the same amount specified in the contract. Nullity of an agreement to the contrary.
Arabic original
تغير سعر صرف العملة صعوداً أو هبوطاً وقت الوفاء عنه حين الاتفاق المحدد لمقدارها. أثره. بقاء التزام المدين بذات القدر المحدد في العقد. بطلان الاتفاق على خلاف ذلك.
Original Arabic judgment citations

(الطعنان ٥، ١٤/٩٥ تجاري جلسة ١٠/٦/١٩٩٦ مج القسم الثالث - المجلد الأول ص ٧١٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 345. PDF pages: 345.

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