Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3169

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

English translation of the principle

Referral of the debtor in disputes concerning shares traded on deferred terms to the Institution for Settlement of Transactions Relating to Company Shares Concluded on Deferred Terms. Its condition. - Amicable settlement between the referred debtor and his creditors. The condition for its application and its effect. - Waiver of some debts as a result of effecting an amicable settlement. It does not discharge the surety.
Arabic original
إحالة المدين في منازعات الأسهم بالأجل. إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل. شرطها. - التسوية الودية بين المدين المحال ودائنيه. شرط اعمالها وأثرها. - التنازل عن بعض الديون نتيجة لإجراء التسوية الودية. لا يبرىء ذمة الكفيل.
Original Arabic judgment citations

(الطعن ٣١٩/١٩٨٨ تجاري جلسة ١٨/٦/١٩٨٩ مج القسم الثاني - المجلد الثاني ص ٥١٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 537. PDF pages: 537.

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