Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 238

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

English translation of the principle

Prohibition on exchange companies engaging in banking activities, including accepting cash deposits. Article 2 of the Minister of Finance's Decision of 19/3/1984. The generality of this provision. Its implication. Its rule extends to all forms of cash deposits, including those allocated for a specific purpose.
Arabic original
حظر ممارسة شركات الصرافة لأعمال المهنة المصرفية ومن بينها قبول الودائع النقدية. م٢ من قرار وزير المالية في ١٩/٣/١٩٨٤ عموم هذا النص. مؤداه. انصراف حكمه لكافة صور الودائع النقدية ومنها المخصصة لغرض معين.
Original Arabic judgment citations

(الطعن ٢٢٧/١٩٨٨ تجاري جلسة ٥/٢/١٩٨٩ مج القسم الثاني المجلد الثالث ص ٤٣٢)

Source: Court of Cassation legal principles collection — Pleadings — Part One — Ministry of Justice — Court of Cassation — Technical Office. Printed page 385. PDF pages: 379.

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