Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1863

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

English translation of the principle

The decision of the Forward Share Transactions Arbitration Board prohibiting the debtor from disposing of his property. Its implication: divesting him of the administration or disposition of this property. This does not constitute a diminution of his legal capacity, but is tantamount to an attachment of his property and a restriction of his authority over it. - A judgment declaring bankruptcy. Its nature and effect on dispositions made by the debtor after its issuance. Example.
Arabic original
قرار هيئة تحكيم معاملات الأسهم بالأجل بمنع المدين من التصرف في أمواله. مقتضاه: غل يده من إدارة هذه الأموال أو التصرف فيها ولا يعد ذلك نقصاً في أهليته بل هو بمثابة حجز على أمواله وتقييد من سلطته عليها. - الحكم بشهر الإفلاس. ماهيته وأثره على التصرفات التي يجريها المدين بعد صدوره. مثال.
Original Arabic judgment citations

(الطعن ٤٧٨/٩٧ تجاري جلسة ٧/٦/١٩٩٨ مج القسم الرابع - المجلد الثاني ص ٣٣٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 325. PDF pages: 325.

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