Kuwait Court of Cassation principle number 1753

Attachment of the debtor’s assets held by the Institution for Settlement of Transactions Relating to Company Shares Concluded on a Forward Basis, and not held by the Kuwait Clearing Company competent to collect fees. Its implication. The description of creditor does not apply to it. Article 318 Civil. Its effect. The judgment ruling, after hearing the action claiming the fee, on the passage of five years from the date it became due. It involves no violation of the law. The ground of challenge that the fee constitutes a preferential right. Ineffective.