Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1802

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

English translation of the principle

The contracting parties' agreement, upon conclusion or performance of the contract, that the obligation is to be discharged in foreign currency. Permissible. It does not violate the Amiri Order issued on 3/8/1990. The reason therefor.
Arabic original
اتفاق المتعاقدين عند إبرام العقد أو عند تنفيذه على أن يتم الوفاء بالالتزام بالعملة الأجنبية. جائز. لا مخالفة فيه للأمر الأميري الصادر في ٣/٨/١٩٩٠. علة ذلك.
Original Arabic judgment citations

(الطعن ١٢١/٩٦ عمالي جلسة ١٠/٣/١٩٩٧ مج القسم الرابع - المجلد الثاني ص ٤٤٧)

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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