Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1765

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

English translation of the principle

Amicable liquidation of forward share transactions registered pursuant to the Decree concerning 57/1982. The Office for the Liquidation of Forward Share Transactions has jurisdiction over them and may evaluate the assets of those referred to it because of these transactions, and administer, liquidate, monitor, and implement settlements and bankruptcies by statutory representation after every settlement or composition to prevent bankruptcy.
Arabic original
تصفية معاملات الأسهم بالأجل وديا والتي سجلت وفقاً للمرسوم بحق ٥٧/١٩٨٢. اختصاص مكتبتصفيةمعاملاتالأسهمبالأجلبهاولهوتقييممجوداتالمحالينإليهبسببهذهالمعاملات وإدارة وتصفية ومراقبة وتنفيذ التسويات والتفليسات نيابة قانونية بعد كل تسوية أو صلح واق من الإفلاس.
Original Arabic judgment citations

(الطعنان ١٢، ١٣/٢٠٠١ تجاري جلسة ٨/٤/٢٠٠٢ مج القسم الخامس - المجلد الثاني ص ٦٠٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 307. PDF pages: 307.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace