Kuwait Court of Cassation principle number 1787

The circuit constituted at the Court of First Instance pursuant to Decree-Law No. 42 of 1988 concerning liquidation of the situations arising from forward share transactions. Has jurisdiction only over matters within the jurisdiction of the Arbitration Board, which is subject-matter jurisdiction pertaining to public policy. Implication thereof. The finality of judgments issued therein attaches only to those it issues within the limits of this jurisdiction. Exceeding this scope. Its effect. Its judgment is appealable. - Disputes concerning transactions in company shares concluded on a forward basis. Their nature. - An action brought by a person under receivership demanding that the receiver submit a statement of account of his activities. Is not considered among claims arising from transactions concerning company shares concluded on a forward basis. The reason therefor. Bringing that action before the Public Indebtedness Circuit and the court of first instance undertaking to determine it; the judgment issued by it. May be appealed because it exceeded the limits of its exceptional jurisdiction. The challenged judgment's departure from this view and ruling that the appeal is inadmissible. An error in applying the law requiring its cassation.