Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 276

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

English translation of the principle

A debtor who is a trader ceasing to pay some debts, whatever their number. Its effect. The trader may be declared bankrupt whenever the cessation arises from a disturbed financial position that undermines their creditworthiness.
Arabic original
توقف المدين التاجر عن دفع بعض ديونه أياً كان عددها. أثره. جواز إشهار إفلاسه متى كان توقفه ناشئاً عن مركز مالي مضطرب يتزعزع معه ائتمانه.
Original Arabic judgment citations

(الطعنان ٣٣٤، ٧٤١/٢٠٠٢ تجاري جلسة ٤/١٠/٢٠٠٣ مج القسم الخامس - المجلد الثالث ص ٣٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 56. PDF pages: 56.

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