Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3612

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

English translation of the principle

All the customer's assets secure payment of the indebtedness. In collecting it, the State has priority over ordinary creditors if their debts do not bear an established date preceding 2/8/1990. Basis therefor. - Permissibility of pledging money. What this confers upon the pledgee creditor. Example.
Arabic original
أموال العميل جميعها ضامنة للوفاء بالمديونية. للدولة في استيفائها حق التقدم على الدائنين العاديين إذا كانت ديونهم غير ثابتة التاريخ قبل ٢/٨/١٩٩٠. أساس ذلك. - جواز رهن النقود. ما يخوله ذلك للدائن المرتهن. مثال.
Original Arabic judgment citations

(الطعن ٨٨/١٩٩٩ تجاري جلسة ١٣/٢/٢٠٠٠ مج القسم الرابع - المجلد السادس ص ٣٦١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 608. PDF pages: 608.

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