Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3967

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

English translation of the principle

Referral of the debtor in disputes concerning forward share transactions to the Institution for the Settlement of Transactions Relating to Company Shares Concluded on a Forward Basis. Its condition. - Amicable settlement between the referred debtor and his creditors. The condition for its application and its effect. - 777 - Guarantee - Waiver of certain debts as a result of carrying out the amicable settlement. It does not discharge the guarantor's liability.
Arabic original
إحالة المدين في منازعات الأسهم بالأجل. إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل. شرطها. - التسوية الودية بين المدين المحال ودائنيه. شرط إعمالها وأثرها. - 777 - كفالة - التنازل عن بعض الديون نتيجة لإجراء التسوية الودية. لا يبرىء ذمة الكفيل.
Original Arabic judgment citations

(الطعن ٣١٩/٨٨ تجاري جلسة ١٨/٦/١٩٨٩ مج القسم الثاني - المجلد الثالث ص ٥١٣)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 777–778.

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