Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 107

State of Kuwait · Pleadings — Part One · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A letter of guarantee may be assigned by the beneficiary to a third party if the bank agrees thereto. This is subject exclusively to the rules of commercial law.
Arabic original
يجوز التنازل عن خطاب الضمان من المستفيد للغير متى وافق البنك على ذلك. خضوع ذلك لقواعد القانون التجاري دون غيرها.
Original Arabic judgment citations

(الطعن ٨٨/١٩٨٩ تجاري جلسة ١٥/١/١٩٩٠ مج القسم الثاني المجلد الثالث ص ٤٢٢)

Source: Court of Cassation legal principles collection — Pleadings — Part One — Ministry of Justice — Court of Cassation — Technical Office. Printed page 357. PDF pages: 351.

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