Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1208

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The cash deposit or bank guarantee deposited by the shipping agent. Its purpose. To secure enforcement of judgments rendered against carriers. Its provision applies from the entry into force of the Maritime Commerce Law.
Arabic original
الوديعة النقدية أو الكفالة المصرفية التي يودعها الوكيل الملاحي. القصد منها. ضمان تنفيذ الأحكام التي تصدر على الناقلين سريان حكمها من نفاذ قانون التجارة البحرية.
Original Arabic judgment citations

(الطعن ٩٧/٨٦ تجاري جلسة ٢١/١/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٩٦١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 214. PDF pages: 214.

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