Kuwait Court of Cassation principle number 2186

Transactions concerning company shares concluded on deferred terms. The exclusive jurisdiction of the arbitration panel to adjudicate disputes concerning them and the transactions resulting from them. The guarantor’s recourse against the debtor for what the guarantor paid on the debtor’s behalf to the debtor’s creditors. A claim arising from these transactions, whether based on the guarantor’s personal action or an action for statutory subrogation. Condition thereof. That the transaction be registered. A ruling otherwise contravenes the law and constitutes an error in its application.