Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3492

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

English translation of the principle

Activities relating to the formation of companies and the sale or purchase of their shares or bonds. Commercial activities irrespective of the capacity or intention of the person undertaking them. - Default interest becomes due as soon as the commercial debt falls due. A claim for repayment of the subscription amount in a company under formation. A commercial obligation on which interest becomes due as soon as it falls due. Example.
Arabic original
الأعمال المتعلقة بتأسيس الشركات وبيع أو شراء أسهمها أو سنداتها. أعمال تجارية بقطع النظر عن صفة القائم بها أو نيته. - فوائد التأخير تستحق بمجرد استحقاق الدين التجاري. المطالبة برد قيمة اكتتاب في شركة تحت التأسيس. التزام تجاري تستحق فوائده بمجر استحقاقه. مثال.
Original Arabic judgment citations

(الطعن ٧٢/٩٢ تجاري جلسة ١١/١/١٩٩٣ مج القسم الثالث - المجلد الأول ص ٦٨٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 590. PDF pages: 590.

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