Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3902

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

English translation of the principle

The decision of the Arbitration Board for Forward Share Transactions prohibiting the debtor from disposing of his assets and appointing the Institution for the Settlement of Forward Transactions in Company Shares as receiver over them. Its implication. Divesting the debtor of the administration of or power to dispose of his assets and withholding from him the right to litigate concerning them, but this does not constitute a diminution of his capacity. A judgment contravening that. An error requiring its cassation.
Arabic original
قرار هيئة تحكيم معاملات الأسهم بالأجل بمنع المدين من التصرف في أمواله وتعيين مؤسسة تسوية معاملات أسهم الشركات التي تمت بالأجل حارساً عليها. مقتضاه. غل يد المدين عن إدارة أمواله أو التصرف فيها وحجب حق التقاضي عنه بشأنها لكنه لا يعد نقصاً في أهليته. مخالفة الحكم ذلك. خطأ يوجب تمييزه.
Original Arabic judgment citations

(الطعن ١٤/٨٩ تجاري جلسة ٦/١١/١٩٨٩ مج القسم الثاني - المجلد الثاني ص ٥١٩)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 766.

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