Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3704

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

English translation of the principle

The creditor’s failure to submit particulars of a debt to the Institution for the Settlement of Transactions Relating to Company Shares Concluded on Deferred Terms within the prescribed period. Its effect. Lapse of his right to an amicable settlement with the transferee, with no effect on the admissibility of an action claiming the debt before the courts. - See also: Shares, insolvency, obligation, current account. - Payment of debt:-
Arabic original
عدم تقديم الدائن بيانات لدين إلى مؤسسة تسوية المعاملات المتعلقة بأسهم الشركات التي تمت بالأجل في الميعاد المحدد. أثره. سقوط حقه في التسوية الودية مع المحال إليها ولا أثر له على قبول دعوى المطالبة بالدين أمام القضاء. - وراجع: أسهم، إعسار، التزام، حساب جاري. - وفاء الدين:-
Original Arabic judgment citations

(الطعن ٢٥٧/٨٨ تجاري جلسة ٢٦/٢/١٩٨٩ مج القسم الثاني- المجلد الثاني ص ٤٥٢)

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.

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