Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 642

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

English translation of the principle

The State's purchase of certain debts stipulated in Laws 32/92 and 41/93 results in the State taking the creditor's place with regard to collecting the assigned right against the debtor pursuant to the provisions governing assignment of rights and without conflicting with those provisions. It may, represented by the Central Bank, compensate any unit in the banking and financial system for undertaking administration of the indebtedness on its behalf.
Arabic original
شراء الدولة لبعض المديونيات المنصوص عليها في القانونين ٣٢/٩٢، ٤١/٩٣ ما يترتب عليه حلول الدولة محلي الدائن في خصوص اقتضاء الحق المحال في مواجهة المدين طبقاً لأحكام حوالة الحق وبما لا يتعارض مع أحكامها ولها ممثلة في البنك المركزي تعويض أي وحدة في الجهاز المصرفي والمالي في القيام بإدارة المديونية نيابة عنها.
Original Arabic judgment citations

(الطعنان ٦٩، ٦٩٧/٩٧ تجاري جلسة ٢٤/٩/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٧١٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 122. PDF pages: 122.

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