Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1844

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

English translation of the principle

Inferring the cessation of payment justifying a declaration of bankruptcy. A matter of fact. Its condition. - The legislature empowered the Public Prosecution to apply for a declaration of bankruptcy of a customer who has ceased payment pursuant to Law 41/1993. The meaning of customer: the debtor owing purchased debts or clearing debts, or the guarantor of either, as well as customers of the program for the settlement of difficult credit facilities issued in 1986. The implication thereof: the debtor's subjection to Law 41/1993 and his cessation of payment in accordance with its provisions are sufficient for a declaration of bankruptcy. Example. 5- Permissibility of declaring a debtor bankrupt after death:-
Arabic original
استخلاص التوقف عن الدفع الذي يبرر شهر الإفلاس. موضوعي. شرطه. - المشرع خول النيابة العامة طلب شهر إفلاس العميل المتوقف عن الدفع طبقاً لأحكام القانون ٤١/١٩٩٣. المقصود بالعميل: هوالمدين بالمديونيات المشتراة أو بديون المقاصة أو كفيلهما وكذا عملاء برنامج تسوية التسهيلات الائتمانية الصعبة الصادر عام ١٩٨٦. مؤدى ذلك: أن خضوع المدين للقانون ٤١/١٩٩٣ وتوقفه عن الدفع وفقاً لأحكامه. كاف لشهر الإفلاس. مثال. ٥- جواز شهر إفلاس المدين بعد الوفاة:-
Original Arabic judgment citations

(الطعن ١٨/٢٠٠٤ تجاري جلسة ٢٤/١٢/٢٠٠٤ مج القسم الخامس - المجلد الثالث ص ٧٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 321. PDF pages: 321.

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