Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1756

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

English translation of the principle

The bank managing the indebtedness subject to Law 41 of 1993. Its valuation and revaluation of assets pledged as security for the indebtedness purchased by the State. The bases it observes in its valuation of shares and bonds. It may seek the assistance of experts.
Arabic original
البنكالمديرللمديونيةالخاضعةللقانون٤١لسنة١٩٩٣.تقييمهوإعادةتقييمهللأصولالمرهونة ضماناً للمديونية المشتراة من الدولة. الأسس التي يراعيها في تقييمه للأسهم والسندات. له الاستعانة بأهل الخبرة.
Original Arabic judgment citations

(الطعنان ١٠٥، ١١٠/١٩٩٧ تجاري جلسة ٣٠/٣/١٩٩٨ مج القسم الرابع - المجلد الثاني ص ١٤٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 305. PDF pages: 305.

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