Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 637

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

English translation of the principle

The laws promulgated concerning the State's purchase of certain debts authorize the Central Bank of Kuwait, on behalf of the State, to purchase the total cash facilities specified therein. The legislature's purpose in this. What the law requires of a customer wishing to reschedule his indebtedness. The consequences of the customer's failure to comply with those conditions.
Arabic original
القوانين الصادرة في شأن شراء الدولة بعض المديونيات تؤذن لبنك الكويت المركزي نيابة عن الدولة بشراء إجمالي التسهيلات النقدية الموضحة بها. هدف المشرع من ذلك. ما يشترطه القانون بالنسبة للعميل الذي يرغب في جدولة مديونيته. ما يترتب على عدم التزام العميل بتلك الشروط.
Original Arabic judgment citations

(الطعن ٢١١/٩٧ تجاري جلسة ٢٢/٦/١٩٩٨ مج القسم الرابع - المجلد الثاني ص ٧١٥)

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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