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KGAC files five cases against Global Clearinghouse Systems (GCS).

KUWAIT, Sept 15 (KUNA) -- The Kuwait General Administration of Customs (KGAC) said here Tuesday it has lodged five lawsuits against the Global Clearinghouse Systems (GCS), demanding a total of KD 120.7 million (around (USD 399.8 million). The KGAC said in a press statement that the dispute erupted with the GCS when it joined bids for the establishment of Salmi and Nuwaiseeb border outlets, and when the KGAC decided in 2006 to liquidate the KD-10-million letters of warranty submitted by the GCS. This decision, it maintained, prompted the GCS to take legal action against the KGAC and demanded compensations for failure to deliver the land allocated for the border outlets, it said. On June 15, 2015, a court ordered the KGAC to pay the GCS KD 68 million and seven percent of annual legal interest, the KGAC added. The KGAC and the GCS challenged the decision, but it was upheld by the court of appeals on September 13, 2015, according to the statement. It added that it had coordinated with the Cabinet's Fatwa and Legislation Department to take necessary legal procedures to stop the enforcement of the court ruling, noting that it is not an irrevocable decision. (end) ht.tb.mt

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Publication:Kuwait News Agency (KUNA)
Date:Sep 15, 2015
Words:216
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