Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 436

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

English translation of the principle

The general rule is that a current-account contract of indefinite duration may be terminated at the will of either party. Notice periods shall be observed when closing the account. Absence of periods for this. Its effect.
Arabic original
الأصل أن عقد الحساب الجاري غير المحدد المدة يجوز إنهاؤه بإرادة أي من طرفيه. يراعي في قفل الحساب مواعيد الإخطار. عدم وجود مواعيد لذلك. أثره.
Original Arabic judgment citations

(الطعن ٧٧/٩٧ تجاري جلسة ٢٥/١١/١٩٩٧ مج القسم الرابع - المجلد الخامس ص ٦٣٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 88. PDF pages: 88.

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