Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2731

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

English translation of the principle

The contracting parties’ agreement, upon conclusion or performance of the contract, that the obligation shall be discharged in foreign currency. Permissible. It does not contravene the Amiri Order issued on 3/8/1990. The reason therefor. - 467 - Commercial
Arabic original
اتفاق المتعاقدين عند إبرام العقد أو عند تنفيذه على أن يتم الوفاء بالالتزام بالعملة الأجنبية. جائز. لا مخالفة فيه للأمر الأميري الصادر في ٣/٨/١٩٩٠. علة ذلك. - ٤٦٧ - تجاري
Original Arabic judgment citations

(الطعن ١٢١/٩٦ عمالي جلسة ١٠/٣/١٩٩٧ مج القسم الرابع - المجلد الخامس ص ٦٣٣)

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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