Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4511

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

English translation of the principle

Referral of the debtor to the Institution for the Settlement of Transactions Relating to Company Shares Concluded on Deferred Terms does not prevent his creditors from resorting to the ordinary courts to obtain judgments for debts unrelated to these transactions. Its effect. Limited to staying enforcement of these judgments, except judgments whose holders have mortgages or special preferential rights.
Arabic original
إحالة المدين إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل غير مانعة لدائنيه من الإلتجاء إلى القضاء العادي للحصول على أحكام بديون في غير هذه المعاملات. أثرها. قاصر على وقف تنفيذ هذه الأحكام عدا الأحكام التي لأصحابها رهون أو حقوق امتياز خاصة.
Original Arabic judgment citations

(الطعن ٥٨/٨٦ تجاري جلسة ٢٠/١٠/١٩٨٦ مج القسم الثاني - المجلد الأول ص ٤٢٦)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 889.

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