Kuwait Court of Cassation principle number 2580

Attachment of the debtor's assets held by the Institution for Settlement of Deferred Transactions in Company Shares, rather than by the Kuwait Clearing Company responsible for collecting fees. Its implication is that the description of a creditor exercising a right of retention under Article 318 Civil does not apply to it. Its effect. The judgment ruling that the action claiming the fee may not be heard because five years have elapsed from the date it became due. Does not violate the law. The ground of challenge that the fee is a preferential claim. Ineffectual.