Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 431

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

English translation of the principle

Specification of a particular validity period in a letter of guarantee. The effect of this. The bank's obligation remains limited to that period and then lapses thereafter unless renewed before its expiry.
Arabic original
النص في خطاب الضمان على مدة صلاحية معينة. أثر ذلك. بقاء التزام البنك محدداً خلال تلك المدة ثم يسقط بعد ذلك ما لم يجدد قبل انتهائها.
Original Arabic judgment citations

(الطعن ١٧٥/٩٣ تجاري جلسة ١/٣/١٩٩٤ مج القسم الثالث - المجلد الثالث ص ٣٧١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 87. PDF pages: 87.

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