Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3185

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

English translation of the principle

The debts that Law 41 of 1993 authorized the Central Bank of Kuwait to purchase. Their nature: debts granted by the entities specified therein to Kuwaiti customers and natural persons from the states of the Cooperation Council for the Arab States of the Gulf. The customer being outside these two categories. Its effect. His debt is not to be purchased even if his surety is of Kuwaiti nationality. Rationale therefor. - 538 - Commercial
Arabic original
المديونياتالتيأذنالقانون٤١لسنة١٩٩٣لبنكالكويتالمركزيبشرائها.ماهيتها:المديونيات الممنوحة من الجهات المبينة به للعملاء الكويتيين والأشخاص الطبيعيين من دول مجلس التعاون لدول الخليج العربية. كون العميل من غير هاتين الفئتين. أثره. ألاّ تشترى مديونيته ولو كان كفيله كويتي الجنسية. علة ذلك. - ٥٣٨ - تجاري
Original Arabic judgment citations

(الطعن ١٤١/٢٠٠٠ تجاري جلسة ١/٦/٢٠٠٢ مج القسم الخامس - المجلد التاسع ص ٦٢٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 538. PDF pages: 538.

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