Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1738

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

English translation of the principle

The creditor’s failure to submit particulars of the debt to the Institution for Settlement of Transactions Relating to Company Shares Concluded on a Forward Basis within the prescribed time. Its effect. Forfeiture of his right to an amicable settlement with the person referred to it, with no effect on the admissibility of an action claiming the debt before the courts.
Arabic original
عدم تقديم الدائن بيانات الدين إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل في الميعاد المحدد. أثره. سقوط حقه في التسوية الودية مع المحال إليها ولا أثر له على قبول دعوى المطالبة بالدين أمام القضاء.
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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