Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2117

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

English translation of the principle

Amicable liquidation of forward share transactions registered pursuant to the Decree concerning 57/1982. The Office for Liquidation of Forward Share Transactions has competence over them and has, and the valuation of the assets of those referred to it because of these transactions, and the management, liquidation, supervision, and implementation of settlements and bankruptcies as statutory representative after every settlement or composition to avoid bankruptcy.
Arabic original
تصفية معاملات الأسهم بالأجل ودياً والتي سجلت وفقاً للمرسوم بحق ٥٧/١٩٨٢. اختصاص مكتب تصفية معاملات الأسهم بالأجل بها وله وتقييم مجودات المحالين إليه بسبب هذه المعاملات وإدارة وتصفية ومراقبة وتنفيذ التسويات والتفليسات نيابة قانونية بعد كل تسوية أو صلح واق من الإفلاس.
Original Arabic judgment citations

(الطعنان ١٢، ١٣/٢٠٠١ تجاري جلسة ٨/٤/٢٠٠٢ مج القسم الخامس - المجلد الحادي عشر ص ٥١٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 368. PDF pages: 368.

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