KCC 789/2001
Type
Case
Court
Kuwait Court of Cassation
Jurisdiction
Kuwait
Taxonomy
Breach, Discharge & Rescission of Contract, Litigation Procedure & Practice, Share Schemes, Sale of Goods
Decision date
9 Nov 2002
Catchwords
Statute of Limitations - Contract Violation - Sale of Shares
This case involved a debt which had resulted from shares which were bought but sold to a third party in violation of the contract. The key point involved the calculation of the period for the statute of limitations.
Background
A claimant filed a case against a defendant before the court. He requested the court to order the defendant to pay him 25000 Dinars and annual interest of 7%. He said that he bought shares from the defendant and that the latter sold these shares to a third party in violation to a signed contract.
The court dismissed the case due to the statute of limitation.
The claimant appealed the ruling before the court of appeal. The court dismissed the appeal and upheld the appealed ruling.