Kuwait Court of Cassation principle number 3890

The legislature's specification of the activities that exchange companies are licensed to conduct and its prohibition on their conducting banking business, including accepting bank deposits. The Minister of Finance's decision concerning the subjection of exchange companies to the Central Bank's supervision. The generality and unrestricted nature of the term deposits therein. The consequence thereof. It extends to all cash deposits and their forms, including those earmarked for a loan or a particular transaction. The purpose of this prohibition. Protecting a general economic interest relating to public policy. The effect of contravening it. Absolute nullity. An example.