Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1323

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

English translation of the principle

A merchant debtor's cessation of payment of some of his debts, whatever their number. Effect thereof. His bankruptcy may be declared whenever his cessation arises from a disturbed financial position undermining his creditworthiness. - Assessment of the cessation of payment justifying declaration of a merchant's bankruptcy. A question of fact.
Arabic original
توقف المدين التاجر عن دفع بعض ديونه أياً كان عددها. أثره. جواز إشهار إفلاسه متى كان توقفه ناشئاً عن مركز مالي مضطرب يتزعزع معه ائتمانه. - تقدير الوقوف عن الدفع المبرر لإشهار إفلاس التاجر. موضوعي.
Original Arabic judgment citations

(الطعنان ٣٣٤، ٧٤١/٢٠٠٢ تجاري جلسة ٤/١٠/٢٠٠٣ مج القسم الخامس - المجلد الرابع ص ١٠١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 233. PDF pages: 233.

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