Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 215

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

English translation of the principle

The legislature excepted from the provisions of the Commercial Law funds deposited by a non-Kuwaiti with banks or companies or agreements he concludes with them. The reason for this. Encouraging the banking and financial sector. The consequence. Actions brought seeking the invalidity of transactions for contravening Article 23 of the Commercial Law are deemed terminated.
Arabic original
المشرع استثنى من أحكام قانون التجارة ما يودعه غير الكويتي من أموال لدى البنوك أو الشركات أو ما يبرمه من اتفاقات معها. علة ذلك. تشجيع القطاع المصرفي والمالي. مؤدى ذلك. الدعاوى المقامة بطلب بطلان المعاملات لمخالفتها المادة ٢٣ من قانون التجارة تعتبر منتهية.
Original Arabic judgment citations

(الطعن ٢/٩٣ تجاري جلسة ٢٥/١٠/١٩٩٣ مج القسم الثالث - المجلد الأول ص ٦٢٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 47. PDF pages: 47.

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