Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2088

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

English translation of the principle

The deposit or bank guarantee that the ship's agent is required to deposit with a bank. Prescribed to secure enforcement of judgments issued against the sea carrier since the Maritime Commerce Law entered into force. Registration of the agency is not required for this. - 363 - Commercial
Arabic original
الوديعة أو الكفالة المصرفية التي يلتزم وكيل السفينة بإيداعها بأحد البنوك. مقررة لضمان تنفيذ الأحكام التي تصدر ضد الناقل البحري منذ نفاذ قانون التجارة البحرية. ولا يلزم لذلك أن تكون الوكالة مسجلة. - ٣٦٣ - تجاري
Original Arabic judgment citations

(الطعن ٢٥٠/٨٥ تجاري جلسة ٩/٧/١٩٨٦ مج القسم الثاني - المجلد الثاني ص ١٠٤٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 363. PDF pages: 363.

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