Kuwait Court of Cassation principle number 474

Letter of guarantee. Its definition and the relationships it entails between its parties. Independence of each relationship from the other. Effect thereof. - 93 - Commercial - The bank's obligation to pay the beneficiaries of the letter of guarantee whenever requested within the period specified in the letter, without the need for the customer's consent. The bank's extension of the letter's term is contingent on the customer's consent - The bank's renewal of the letter's term despite the debtor customer's opposition is impermissible - Example.