Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 477

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

English translation of the principle

Closure or termination of a current account at the will of either party. Its limit and effect: unless they agree on a specified time for its termination, and no new transactions may thereafter be entered into it. The basis thereof. Example.
Arabic original
قفل أو انتهاء الحساب الجاري بإرادة أي من الطرفين. حد ذلك وأثره: ما لم يتفقا على وقت معين لانتهائه ولا يجوز من بعد إدراج عمليات جديدة فيه. أساس ذلك. مثال.
Original Arabic judgment citations

(الطعن ٥/١٩٧٥ تجاري جلسة ٢٤/١١/١٩٧٦ مج ٧ سنوات ص ١٤٧)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 94. PDF pages: 94.

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