Kuwait Court of Cassation principle number 4072
State of Kuwait · Pleadings — Part Three · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
A letter of guarantee is personal to the beneficiary and is not a commercial instrument. Effect thereof. It is non-negotiable and its value may not be attached in the hands of the bank.
Arabic original
خطاب الضمان شخصي للمستفيد وليس بورقة تجارية. أثر ذلك. عدم قابليته للتداول وعدم جواز الحجز على قيمته تحت يد البنك.Original Arabic judgment citations
(الطعن ٩٤/١٩٨٨ تجاري جلسة ٢٣/١/١٩٨٩ مج القسم الثاني المجلد الثاني ص٥٠٥)
Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 712. PDF pages: 709.
Ask the assistant about this principle
Guidance based on the principle and its source details, separate from the original collection text.