Kuwait Court of Cassation principle number 664

The Arbitration Committee of the Kuwait Stock Exchange Its formation under the chairmanship of a member of the judiciary selected by the Supreme Judicial Council and with two members of the Exchange selected by the Committee. This Committee's jurisdiction to determine disputes relating to transactions conducted on the Exchange irrespective of their nature. The necessary consequence: this Committee's jurisdiction is general and encompasses all disputes arising from transactions relating to securities trading conducted on the Exchange. The implication: these disputes are excluded from the jurisdiction of the ordinary courts. What does not detract from that. Example concerning the purchase of securities on deferred payment terms. - Stock Exchange:-