Kuwait Court of Cassation principle number 426

Letter of guarantee. Its definition, effect, and the obligation arising from it. - The sums represented by the letter of guarantee are considered funds owned by the bank until paid to the beneficiary. The effect thereof. The customer cannot claim them, and his creditors may not attach them in the hands of the bank or with the beneficiary, nor do they enter the latter's patrimony unless he personally requests them within the limits of the bank's obligation and the terms of the letter. The judgment's contravention of this. Renders it defective so as to require its cassation.