Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1832

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

English translation of the principle

Declaration of the bankruptcy of a merchant debtor. When permissible: if it is established that he has ceased paying some of his debts as a result of a troubled financial position. - Determination of the cessation of payments justifying a declaration of bankruptcy. Within the trial court’s authority.
Arabic original
إشهار إفلاس المدين التاجر. متى يجوز: إذا ثبت توقفه عن بعض ديونه نتيجة مركز مالي مضطرب. - تقرير الوقوف عن الدفع المبرر لشهر الإفلاس. من سلطة محكمة الموضوع.
Original Arabic judgment citations

(الطعن ١٢٢/٩٠ تجاري جلسة ٢٧/١/١٩٩٢ مج القسم الثالث - المجلد الأول ص ٦٤١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 319. PDF pages: 319.

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