Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 636

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

English translation of the principle

The Central Bank of Kuwait may lend to banks or public financial or credit institutions, not private ones. Its lending to a private institution. Void and produces no effect. - Its representation of the State in purchasing debts and authorization to manage them:-
Arabic original
لبنك الكويت المركزي إقراض البنوك أو المؤسسات المالية أو الائتمانية العامة دون الخاصة. إقراضه لمؤسسة خاصة. باطل لا يرتب أثراً. - نيابته عن الدولة في شراء المديونيات والتفويض في إدارتها:-
Original Arabic judgment citations

(الطعنان ٤٤٨، ٤٦٠/٩٩ إداري جلسة ٢٠/١١/٢٠٠٠ القسم الرابع - المجلد الثاني ص ٧١٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 121. PDF pages: 121.

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