Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3099

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

English translation of the principle

Only the closing of a current account entails the setting off of all its entries. Interim liquidation. Does not entail set-off.
Arabic original
قفل الحساب الجاري هو وحده الذي يترتب عليه إجراء المقاصه لجميع بنوده. التصفية المرحلية. لا يترتب عليها مقاصه.
Original Arabic judgment citations

(الطعن ٨٧/١٩٨٢ تجاري جلسة ٦/٤/١٩٨٣ مج القسم الأول - المجلد الثاني ص ٦٥٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 528. PDF pages: 528.

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