Kuwait Court of Cassation principle number 473

A letter of guarantee. Its nature and the independence of the relationships arising from it between the bank, the customer and the beneficiary. The effect of its issuance at the customer's request. - The amounts represented by the letter of guarantee. Why they are considered owned by the bank until disbursed to the beneficiary, and the effect of that on its claiming them from the customer, their attachment in the hands of the bank or the beneficiary, or their entering the beneficiary's patrimony.