Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3635

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

English translation of the principle

A request by a debtor subject to Law 41 of 1993 for permission to sell the bonds pledged as security for the debt purchased by the State pursuant to that Law. Permitted by the Law's Implementing Regulations. This does not conflict with a mandatory rule relating to public policy. What does not prevent it from being regarded as such. Its implication. The arbitral tribunal has jurisdiction over it.
Arabic original
طلب المدين الخاضع للقانون ٤١ لسنة ١٩٩٣ التصريح له ببيع السندات المرهونة ضماناً للدين الذي اشترته الدولة وفقاً لهذا القانون. إجازته باللائحة التنفيذية للقانون. عدم اصطدام ذلك بقاعدة آمرة متعلقة بالنظام العام. ما لا يمنع من عده كذلك. مؤدي ذلك. اختصاص هيئة التحكيم به.
Original Arabic judgment citations

(الطعنان ١٠٥، ١١٠/١٩٩٧ تجاري جلسة ٣/٣/١٩٩٨ مج القسم الرابع المجلد الثالث ص١٢٨)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 623. PDF pages: 620.

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