Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2819

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

English translation of the principle

The legislature exempted from the provisions of the Commercial Code funds deposited by a non-Kuwaiti with banks or companies or agreements concluded by him with them. The reason therefor. Encouraging the banking and financial sector. The implication thereof. Actions brought seeking invalidation of transactions for contravening Article 23 of the Commercial Code are deemed terminated. - 481 - Commercial
Arabic original
المشرع استثنى من أحكام قانون التجارة ما يودعه غير الكويتي من أموال لدى البنوك أو الشركات أو ما يبرمه من اتفاقات معها. علة ذلك. تشجيع القطاع المصرفي والمالي. مؤدى ذلك. الدعاوى المقامة بطلب بطلان المعاملات لمخالفتها المادة ٢٣ من قانون التجارة تعتبر منتهية. - ٤٨١ - تجاري
Original Arabic judgment citations

(الطعن ٢/٩٣ تجاري جلسة ٢٥/١٠/١٩٩٣ مج القسم الثالث - المجلد الأول ص ٨٥٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 481. PDF pages: 481.

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