Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3791

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

English translation of the principle

Referral of the debtor to the Institution for Settlement of Deferred Transactions in Company Shares. Does not prevent an unsecured creditor from obtaining a judgment for his debt. The effect of referral. Merely staying enforcement of the judgment until the debtor's matter is decided. An amicable settlement conducted by the Institution and approved by this creditor. Does not prevent the creditor from proceeding with his action and obtaining a judgment enforceable when the debtor becomes solvent. The reason therefor.
Arabic original
إحالة المدين إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل. لا تمنع الدائن العادي من الحصول على حكم بدينه. أثر الإحالة. مجرد وقف تنفيذ الحكم حتى يبت في أمر المدين. التسوية الودية التي تجريها المؤسسة وتكون محلاً لموافقة هذا الدائن. لا تحول بين الدائن والمضي في دعواه والحصول على حكم ينفذ به إذا ما أيسر المدين. علة ذلك.
Original Arabic judgment citations

(الطعن ١٤٥/١٩٨٤ تجاري جلسة ٥/٦/١٩٨٥ مج القسم الأول المجلد الأول ص٨٥٠)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 655. PDF pages: 652.

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