Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3601

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

English translation of the principle

The bank administering indebtedness subject to Law 41 of 1993. The assets under its administration. Their ownership passes to the State as private property. Its decisions concerning them. They are not administrative decisions. Reason therefor. Consequence thereof. The arbitral tribunal has jurisdiction over them.
Arabic original
البنك المدير للمديونية الخاضعة للقانون ٤١ لسنة ١٩٩٣. الأموال محل إدارته. انتقال ملكيتها للدولة ملكية خاصة. قراراته بشأنها. ليست قرارات إدارية. علة ذلك. مؤداه. اختصاص هيئة التحكيم بها.
Original Arabic judgment citations

(الطعنان ١٠٥، ١١٠/١٩٩٧ تجاري جلسة ٣٠/٣/١٩٩٨ مج القسم الرابع - المجلد السادس ص ٣٥٣)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 606. PDF pages: 606.

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