Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3750

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

English translation of the principle

A change in the currency exchange rate, upwards or downwards, at the time of payment from that at the time of the agreement specifying its amount. Its effect. The obligation of al-mīn remains for the same amount specified in the contract. Invalidity of an agreement to the contrary. - 631 - Commercial
Arabic original
تغير سعر صرف العملة صعوداً أو هبوطاً وقت الوفاء عنه حين الاتفاق المحدد لمقدارها. أثره. بقاء التزام المين بذات القدر المحدد في العقد. بطلان الاتفاق على خلاف ذلك. - ٦٣١ - تجاري
Original Arabic judgment citations

(الطعنان ٥، ٤١/١٩٩٥ تجاري جلسة ١٠/٦/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ١١٣٩)

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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