Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4091

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

English translation of the principle

Banking facilities (opening a credit. Letter of guarantee..) are not considered a current account. The rule prohibiting attachment of a current account before its closure does not apply to them.
Arabic original
التسهيلات المصرفية (فتح اعتماد. خطاب ضمان..) لا يُعد حساباً جارياً. قاعدة عدم جواز الحجز على الحساب الجاري قبل قفله لا تسري عليها.
Original Arabic judgment citations

(الطعن ٦٤/١٩٨٥ تجاري جلسة ٤/١٢/١٩٨٥ مج القسم الأول المجلد الأول ص٧٣٠)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 715. PDF pages: 712.

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