Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2727

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

English translation of the principle

Payment in foreign currency is permissible, whether upon conclusion of the contract or upon its performance. Article 174, Civil Code. Issuance of an Amiri Order on 3/8/1990 contradicting this. It has no effect on the permissibility of agreeing to payment in foreign currency.
Arabic original
الوفاء بالعملة الأجنبية جائز سواء كان عند إبرام العقد أو عند تنفيذه. مادة ١٧٤ مدني. صدور أمر أميري في ٣/٨/١٩٩٠ مناقضاً لذلك. لا أثر له في جواز الاتفاق على الوفاء بعملة أجنبية.
Original Arabic judgment citations

(الطعن ٥٦/٩٥ عمالي جلسة ١٣/٥/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ٣٦٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 467. PDF pages: 467.

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