Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3173

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

English translation of the principle

The Central Bank of Kuwait may lend to banks or public financial or credit institutions, but not private ones. Its lending to a private institution. Void and produces no effect.
Arabic original
لبنك الكويت المركزي إقراض البنوك أو المؤسسات المالية أو الائتمانية العامة دون الخاصة. إقراضه لمؤسسة خاصة. باطل لا يرتب أثراً.
Original Arabic judgment citations

(الطعنان ٤٤٨، ٤٦٠/٩٩ إداري جلسة ٢٠/١١/٢٠٠٠ مج القسم الرابع - المجلد الخامس ص ٨٤٥)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 620.

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