English translation
If a decision opening bankruptcy declaration proceedings concerning the purchaser's indebtedness is issued before payment of the price and after the goods have entered his warehouses or the warehouses of his agent instructed to sell them, and also after Law Index 1445 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law ownership of the securities, interests, or real estate has been transferred into the purchaser's name, the seller may not seek rescission of the sale or recovery, and his privilege in respect of the goods shall also lapse.
Arabic original
إذا صدر قرار بافتتاح إجراءات شهر الإفلاس بشأن مديونية المشتري قبل دفع
الثمن وبعد دخول البضائع مخازنه أو مخازن وكيله المأمور ببيعها، وكذلك بعد
نقل ملكية الأوراق المالية أو الحصص أو العقارات لاسم المشتري، لم يجز للبائع أن
يطلب فسخ البيع أو الاسترداد، كما يسقط حقه في الامتياز بالنسبة للبضائع.Ask about this article
Guidance based on this article and the Kuwait legal sources available on this platform, separate from the original text.
