Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 785

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

English translation of the principle

A letter of guarantee. It gives rise to three relationships that do not overlap and do not affect one another. - Once the bank pays the value of the letter of guarantee to the beneficiary, it may have recourse against its customer. The basis for that. - If the instructing party requests the bank to enter the name of the guaranteed party, with the remaining terms of the letter of guarantee unchanged. The bank is entitled to have recourse against him for its value.
Arabic original
خطاب الضمان . يترتب عليه ثلاث علاقات لا تتداخل ولا يؤثر بعضها في بعض. - للبنك متى أو في قيمة خطاب الضمان للمستفيد الرجوع على عميله. أساس ذلك. - إذا طلب الآمر من البنك تقييد اسم المكفول . مع بقاء باقي شروط خطاب الضمان. يحق للبنك الرجوع عليه بقيمته.
Original Arabic judgment citations

(الطعن ٣٣٠/١٩٩٠ تجاري جلسة ١٩/١١/١٩٩٢ مج القسم الثالث المجلد الثاني ص٨١٩)

Source: Court of Cassation legal principles collection — Pleadings — Part Two — Ministry of Justice — Court of Cassation — Technical Office. Printed page 153. PDF pages: 150.

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