Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3617

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

English translation of the principle

The debts which Law 41 of 1993 authorized the Central Bank of Kuwait to purchase. Their nature: they are those that led to disruption of financial conditions in the State's banking system. What is not included in those debts. - A loan secured by salary transfer is not among those debts which the Central Bank undertook to purchase. A judgment's contravention of this. An error in the application of the law requiring its cassation.
Arabic original
المديونيات التي أذن القانون ٤١ لسنة ١٩٩٣ لبنك الكويت المركزي بشرائها. ماهيتها: هي تلك التي أدت إلى اضطراب الأوضاع المالية في الجهاز المصرفي في الدولة. ما لا يدخل في تلك المديونيات. - القرض بضمان تحويل الراتب لا يعد من تلك المديونيات التي التزم البنك المركزي بشرائها. مخالفة الحكم لذلك. خطأ في تطبيق القانون يوجب تمييزه.
Original Arabic judgment citations

(الطعنان ٦٢٢، ٦٣٧/١٩٩٩ إداري جلسة ٦/٥/٢٠٠٢ مج القسم الخامس - المجلد العاشر ص ٥٦٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 609. PDF pages: 609.

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