Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3011

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

English translation of the principle

An agreement between the mortgagor and the mortgagee creditor that the latter shall acquire ownership of the property mortgaged for the debt at any price, or sell it without observing legal procedures, in the event of non-payment of the debt when due. Void. - 588 - Sale
Arabic original
اتفاق الراهن مع الدائن المرتهن على تملك الأخير العقار المرهون بالدين بأي ثمن أو بيعه دون مراعاة الإجراءات القانونية حال عدم الوفاء بالدين عند حلول أجله. باطل. - 588 - بيع
Original Arabic judgment citations

(الطعن ٧٢/٢٠٠٠ مدني جلسة ٢٨/٥/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٧٧٦)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 588.

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