Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3167

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

English translation of the principle

Entry in the current account of a debt secured by contractual security. Its effect. It becomes one of its items, merges with the other items and gives rise to the balance debt. - The pledge securing the debt is not extinguished merely by the debt's entry into the current account. Rather, it remains as security for the current-account balance, unless otherwise agreed.
Arabic original
قيد الدين المضمون بتأمين اتفاقي في الحساب الجاري. أثره. صيرورته مفرداً من مفرداته يندمج في غيره من المفردات وينتج عنه دين الرصيد. - الرهن المضمون به الدين لا ينقضي بمجرد دخول الدين في الحساب الجاري. بل يبقى ضماناً لرصيد الحساب الجاري. مالم يتفق على غير ذلك.
Original Arabic judgment citations

(الطعن ٦٦/٩٠ تجاري جلسة ٢/٣/١٩٩٢ مج القسم الثالث - المجلد الثالث ص ٤٩٩)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 619.

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