Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3158

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

English translation of the principle

The cash deposit or bank guarantee lodged by the shipping agent. Its purpose. To secure enforcement of judgments issued against carriers. The provision governing it applies from the entry into force of the Maritime Commercial Code.
Arabic original
الوديعة النقدية أو الكفالة المصرفية التي يودعها الوكيل الملاحي. القصد منها. ضمان تنفيذ الأحكام التي تصدر على الناقلين. سريان حكمها من نفاذ قانون التجارة البحرية.
Original Arabic judgment citations

(الطعن ١٧٦/١٩٨٦ تجاري جلسة ٢٢/٤/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٥٠٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 535. PDF pages: 535.

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