Kuwait Court of Cassation principle number 4073

Issuance of a letter of guarantee. It creates no right for the customer to its value, nor for the customer against the beneficiary, and the funds are considered owned by the bank until the beneficiary draws them. The effect of that. The customer may not claim them, and his creditors may not attach them in the hands of the bank or with the beneficiary, and they do not enter the beneficiary’s patrimony unless he requests them personally.