Kuwait Court of Cassation principle number 2757

The legislature's specification of the activities that exchange companies are licensed to conduct and its prohibition against their conducting banking business, including accepting bank deposits. The Minister of Finance's decision concerning subjecting exchange companies to Central Bank supervision. The general and unrestricted wording of deposits therein. Its implication. It extends to all cash deposits and their forms, including those earmarked for a loan or a specific transaction. The purpose of this prohibition. Protecting a general economic interest relating to public policy. The effect of violating it. Absolute nullity. Example.