Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2732

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

English translation of the principle

Agreement, upon conclusion of the contract or its performance, that payment shall be in a foreign currency. Permissible. The reason therefor. The Amiri Order issued on 3/8/1990 does not repeal the permissibility of this agreement established by the second paragraph of Article 174 of the Civil Code.
Arabic original
الاتفاق عند إبرام العقد أو عند تنفيذه على أن يكون الوفاء بعملة أجنبية. جائز. علة ذلك. الأمر الأميري الصادر في ٣/٨/١٩٩٠ لا يتضمن إلغاء لما تقرره الفقرة الثانية من المادة ١٧٤ من القانون المدني من جواز هذا الاتفاق.
Original Arabic judgment citations

(الطعن ١٠٢/٩٦ عمالي جلسة ٧/٤/١٩٩٧ 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 468. PDF pages: 468.

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