Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4512

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

English translation of the principle

Letters of guarantee are banking operations, governed by the rules of the Commercial Code rather than the provisions of the Civil Code concerning possessory pledges or any other provisions.
Arabic original
خطابات الضمان من أعمال البنوك، تحكمها قواعد قانون التجارة دون أحكام القانون المدني الخاصة بالرهن الحيازي أو أية أحكام أخرى.
Original Arabic judgment citations

(الطعن ٩٤/٨٨ تجاري جلسة ٢٣/١/١٩٨٩ مج القسم الثاني - المجلد الثاني ص ٩٦٨)

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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