Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3786

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

English translation of the principle

Amicable liquidation of forward share transactions registered pursuant to Decree-Law 57/1982. The Office for the Liquidation of Forward Share Transactions has jurisdiction over them and may value the assets of those referred to it because of these transactions, and administer, liquidate, supervise and implement settlements and bankruptcies by statutory representation following every settlement or composition to avert bankruptcy.
Arabic original
تصفية معاملات الأسهم بالأجل ودياً والتي سجلت وفقاً للمرسوم بق ٥٧/ ١٩٨٢. اختصاص مكتب تصفية معاملات الأسهم بالأجل بها وله تقييم مجودات المحالين إليه بسبب هذه المعاملات وإدارة وتصفية ومراقبة وتنفيذ التسويات والتفليسات نيابة قانونية بعد كل تسوية أو صلح واق من الإفلاس.
Original Arabic judgment citations

(الطعنان ١٢، ١٣/٢٠٠١ تجاري جلسة ٨/٤/٢٠٠٢ مج القسم الخامس - المجلد الثامن ص ١٧٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 637. PDF pages: 637.

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