Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4092

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 an obligation to pay a sum of money. It is to be in Kuwaiti currency. Permissibility of agreeing that payment shall be in foreign currency. This is not affected by the provisions of Article Five of the Amiri Order issued on 3/8/1990. Reason therefor.
Arabic original
الأصل في الالتزام بدفع مبلغ من النقود. أن يكون بالعملة الكويتية. جواز الاتفاق على أن يكون الوفاء بالعملة الأجنبية. لا يؤثر في ذلك ما تضمنته المادة الخامسة من الأمر الأميري الصادر في ٣/٨/١٩٩٠. علة ذلك.
Original Arabic judgment citations

(الطعن ٢٨٠/٢٠٠٤ عمالي جلسة ٣٠/١/٢٠٠٦ مج القسم الخامس - المجلد التاسع ص ٧٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 807. PDF pages: 807.

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