Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1737

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

English translation of the principle

Debts arising from transactions in company shares conducted on a deferred basis, a reduction applying to the principal of the debt of the highest value resulting from the amicable settlement.
Arabic original
الديون الناشئة من معاملة أسهم الشركات التي تمت بالأجل تخفيضاً يرد على أصل الدين الأعلى قيمة التي تسفر عنها التسوية الودية.
Original Arabic judgment citations

(الطعن ٢٥٧/١٩٨٨ تجاري جلسة ٢٦/٢/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٤٢٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 303. PDF pages: 303.

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