Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1740

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

English translation of the principle

Referral of the debtor in disputes concerning shares on deferred terms to the Corporation for Settlement of Transactions Relating to Company Shares Transacted on Deferred Terms. Its condition. - Amicable settlement between the referred debtor and his creditors. The condition for giving it effect. And its effect. - Waiver of some debts as a result of effecting the amicable settlement. It does not discharge the guarantor's liability.
Arabic original
إحالة المدين في منازعات الأسهم بالأجل إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل. شرطها. - التسوية الودية بين المدين المحال ودائنيه. شرط إعمالها. وأثرها. - التنازل عن بعض الديون نتيجة لإجراء التسوية الودية. لا يبرىء ذمة الكفيل.
Original Arabic judgment citations

(الطعن ٣١٩/١٩٨٨ تجاري جلسة ١٨/٦/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٤٣٠)

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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