Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 500

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

English translation of the principle

Entry of a debt secured by consensual security in a current account. Its effect. It becomes one of its entries, merging with the other entries and resulting in the balance debt. - The pledge securing the debt is not extinguished merely by the debt entering the current account. Rather, it continues to secure the account balance unless otherwise agreed.
Arabic original
قيد الدين المضمون بتأمين اتفاقي في الحساب الجاري. أثره. صيرورته مفرداً من مفرداته يندمج في غيره من المفردات وينتج عنه دين الرصيد. - الرهن المضمون به الدين لا ينقضي بمجرد دخول الدين في الحساب الجاري. بل بقاؤه ضامناً لرصيد الحساب ما لم يتفق على غير ذلك.
Original Arabic judgment citations

(الطعن ٦٦/٩٠ تجاري جلسة ٢/٣/١٩٩٢ مج القسم الثالث - المجلد الأول ص ٩٠٨) (والطعن ٣٠٤/٩٠ تجاري جلسة ٩/٣/١٩٩٢ مج القسم الثالث - المجلد الثاني ص ٥٦٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 97. PDF pages: 97.

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