Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3743

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

English translation of the principle

The general rule regarding obligations to pay a sum of money is that payment is made in Kuwaiti currency. Exception. Agreement to pay in a foreign currency. Payment must be made in that currency.
Arabic original
الأصل في الالتزامات بدفع مبلغ من النقود وأن الوفاء بها يكون بالعملة الكويتية. الإستثناء. الاتفاق على الدفع بعملة أجنبية. وجوب الوفاء بهذه العملة.
Original Arabic judgment citations

(الطعن ٢٠٠٠/١٩٩٢ تجاري جلسة ٢٦/٦/١٩٩٥ مج القسم الثالث - المجلد الثالث ص ١١٣٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 631. PDF pages: 631.

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