Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2378

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

English translation of the principle

The decision of the Arbitration Board for Forward Share Transactions prohibiting the debtor from disposing of his assets. Its implication: divesting the debtor of the administration of or power to dispose of these assets. This does not constitute a diminution of his capacity, but is tantamount to attachment of his assets and a restriction of his authority over them. - A judgment declaring bankruptcy. Its nature and effect on dispositions made by the debtor after its issuance. Example.
Arabic original
قرار هيئة تحكيم معاملات الأسهم بالأجل بمنع المدين من التصرف في أمواله. مقتضاه: غل يد المدين من إدارة هذه الأموال أو التصرف فيها ولا يعد ذلك نقصاً في أهليته بل هو بمثابة حجز على أمواله وتقييد من سلطته عليها. - الحكم بشهر الإفلاس. ماهيته وأثره على التصرفات التي يجريها المدين بعد صدوره. مثال.
Original Arabic judgment citations

(الطعن ٤٧٨/١٩٩٧ تجاري جلسة ٧/٦/١٩٩٨ مج القسم الرابع المجلد الرابع ص٣٣٤)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 395. PDF pages: 392.

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