Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1080

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

English translation of the principle

Practicing the banking profession. The criterion for its permissibility. By institutions taking the form of joint-stock companies whose incorporation decree authorizes them to do so. The basis for this. Contravention of this. Its effect. The absolute nullity of every agreement contravening this. Its reason. Its relation to public policy. An example of sound reasoning. And the judgment’s disregard of setting out anything new in response to the litigant’s defense.
Arabic original
ممارسة المهنة المصرفية. مناط جوازها. من مؤسسات متخذة شكل شركات مساهمة يأذن لها مرسوم تأسيسها بذلك. أساس ذلك. مخالفة ذلك. أثره. بطلان كل اتفاق يخالف ذلك بطلاناً مطلقاً. علته. تعلقه بالنظام العام. مثال لتسبيب سائغ. والتفات الحكم عن إيراد جديد رداً على دفاع الخصم.
Original Arabic judgment citations

(الطعنان ٤٤٨، ٤٥٨/١٩٩٦ تجاري جلسة ٧/١٢/١٩٩٧ مج القسم الرابع المجلد الرابع ص٢١٢)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 170. PDF pages: 167.

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