Kuwait Court of Cassation principle number 3703
State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
Debts arising from company-share transactions concluded on deferred terms. Their reduction applies to the principal debt, not to its value resulting from the amicable settlement.
Arabic original
الديون الناشئة عن معاملات أسهم الشركات التي تمت بالأجل. تخفيضها يرد على أصل الدين لا على قيمته التي تسفر عنها التسوية الودية.Original Arabic judgment citations
(الطعن ٢٥٧/٨٨ تجاري جلسة ٢٦/٢/١٩٨٩ مج القسم الثاني- المجلد الثاني ص ٩٤٣)
Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 626. PDF pages: 626.
Ask the assistant about this principle
Guidance based on the principle and its source details, separate from the original collection text.