Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 613

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

English translation of the principle

The bank managing debts subject to Law 41 of 1993. Its valuation and revaluation of assets pledged as security for debts purchased by the State. The bases it observes in valuing shares and bonds. It may seek assistance from experts.
Arabic original
البنك المدير للمديونيات الخاضعة للقانون ٤١ لسنة ١٩٩٣. تقييمه وإعادة تقييمه للأصول المرهونةضماناًللمديونياتالمشتراةمنالدولة.الأسسالتييراعيهافيتقييمهللأسهموالسندات. له الاستعانة بأهل الخبرة.
Original Arabic judgment citations

(الطعنان ١٠٥، ١١٠/٩٧ تجاري جلسة ٣٠/٣/١٩٩٨ مج القسم الرابع - المجلد الثاني ص ٧٣٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 115. PDF pages: 115.

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