Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3746

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

English translation of the principle

An obligation to pay a sum of money is discharged in Kuwaiti currency. It is permissible to agree that payment shall be made in foreign currencies. The Amiri Order issued on 3/8/1990 does not provide for the abolition of that.
Arabic original
الالتزام بدفع مبلغ من النقود يكون الوفاء بالعملة الكويتية. جواز الاتفاق على أن يتم الوفاء بالعملات الأجنبية. الأمر الأميري الصادر في ٣/٨/١٩٩٠ لا يتضمن إلغاء ذلك.
Original Arabic judgment citations

(الطعن ٢٩/١٩٩٥ عمالي جلسة ٨/١/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ١١٣٨)

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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