Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 645

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

English translation of the principle

Debts which Law 41 of 1993 authorized the Central Bank of Kuwait to purchase. Their nature: debts granted by the entities specified therein to Kuwaiti customers and natural persons from the states of the Cooperation Council for the Arab States of the Gulf. The customer’s not belonging to either of these two categories. Its effect. His debt is not to be purchased even if his guarantor is of Kuwaiti nationality - The reason for this.
Arabic original
المديونيات التي أذن القانون ٤١ لسنة ١٩٩٣ لبنك الكويت المركزي بشرائها. ماهيتها: المديونيات الممنوحة من الجهات المبينة به للعملاء الكويتيين والأشخاص الطبيعيين من دول مجلس التعاون لدول الخليج العربية. كون العميل من غير هاتين الفئتين. أثره. ألا تُشترى مديونيته ولو كان كفيله كويتي الجنسية - علة ذلك.
Original Arabic judgment citations

(الطعن ١٤١/٢٠٠٠ تجاري جلسة ١/٦/٢٠٠٢ مج القسم الخامس - المجلد الثالث ص ٦٠٤)

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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