Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3247

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

English translation of the principle

Transfer of debt. An agreement to transfer the debt from the liability of the original debtor to the liability of a debtor replacing him. The consequences thereof. An example concerning the State's purchase of local banks' debts owed by Kuwaiti debtors and outstanding before 2/8/1990 pursuant to the provisions of Law 41 of 1993.
Arabic original
حوالة الدين. اتفاق على نقل الدين من ذمة المدين الأصلي إلى ذمة مدين يحل محله. ما يترتب على ذلك. مثال بشأن شراء الدولة لديون البنوك المحلية قبل المدينين الكويتيين القائمة قبل ٢/٨/١٩٩٠ عملاً بأحكام القانون ٤١ لسنة ١٩٩٣.
Original Arabic judgment citations

(الطعن ٤٥/١٩٩٩ تجاري جلسة ١٥/٤/٢٠٠٠ مج القسم الرابع - المجلد الرابع ص ٣٩٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 547. PDF pages: 547.

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