Kuwait Court of Cassation principle number 988

The circuit constituted at the Court of First Instance pursuant to Decree-Law No. 42 of 1988 concerning the Liquidation of Situations Arising from Forward Share Transactions. It has jurisdiction only over matters formerly within the jurisdiction of the Arbitration Board, which is subject-matter jurisdiction concerning public policy. The implication thereof. The finality of judgments issued therein attaches only to those issued within the limits of this jurisdiction. Exceeding this scope. Its effect. Its judgment is open to appeal. - Disputes concerning forward transactions in company shares. Their nature. - An action brought by a person under receivership demanding that the receiver submit a statement of account of his activities. It is not considered a claim arising from transactions concerning company shares conducted on a forward basis. The reason for this. Bringing that action before the Public Debts Circuit and the court of first instance undertaking to determine it. The judgment issued by it. It may be appealed because it exceeded the limits of its exceptional jurisdiction. The challenged judgment's departure from this view and its ruling that the appeal is impermissible. An error in - 554 - Procedure the application of the law requiring its cassation.