Kuwait Court of Cassation principle number 4074

Letter of guarantee. Its nature and the independence of the relationships arising from it between the bank, the customer, and the beneficiary. The effect of its issuance at the customer's request. - The amounts represented by the letter of guarantee. Why they are considered owned by the bank until disbursed to the beneficiary, and the effect thereof on the customer's claiming them, their attachment in the hands of the bank or in the hands of the beneficiary, or their entering the beneficiary's patrimony. 9- Deeming attachment as never having occurred:-