Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3245

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

English translation of the principle

Transfer of debt is an agreement to transfer the debt from the liability of the original debtor to the liability of a new debtor, with its characteristics, securities, and defences, from the time it becomes effective, and the original debtor is definitively discharged from the debt. - 546 - Commercial
Arabic original
حوالة الدين هي اتفاق على نقل الدين من ذمة المدين الأصلي إلى ذمة مدين جديد بصفاته وضماناته ودفوعه من وقت نفاذها وتبرأ ذمة المدين الأصلي من الدين براءة نهائية. - ٥٤٦ - تجاري
Original Arabic judgment citations

(الطعن ٨١/١٩٩٨ تجاري جلسة ٢/١١/١٩٩٨ مج القسم الرابع - المجلد الرابع ص ٣٨٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 546. PDF pages: 546.

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