Article 165 of Capital Markets Authority Law

The Prime Minister and the Ministers shall implement this Decision, and it shall be published in the Official Gazette. Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah Issued at Seif Palace on: 7 Rabi al-Awwal 1431 AH Corresponding to: 21 February 2010 AD Law Index 1376 Home Page Law No. 71 of 2020 Promulgating the Bankruptcy Law Index Page Articles Part One: Definitions Part Two: General Provisions Chapter One: Scope of Application Bankruptcy Court Bankruptcy Committee Chapter Two: Commencement of Proceedings Section One: Submission of Applications Submission of an Application by Creditors Submission of an Application by the Supervisory Authority Multiple Applications Applications Submitted Concerning Debts of: a Deceased Debtor, a Debtor Who Has Ceased Trading, or a Debtor Lacking Legal Capacity Particulars of the Application Application Fees, Expenses, and Security Section Two: Determination of Applications Publicity of the Decision Chapter Three: Appointment of the Trustee, Supervisor, and Inspector Duties of the Trustee Supervisor Inspector Chapter Four: Notices Part Three: Preventive Settlement Chapter One: Application to Commence Preventive Settlement Proceedings Chapter Two: Effect of Issuance of a Decision to Commence Preventive Settlement Proceedings Stay of Claims Contracts New Financing Chapter Three: Approval, Ratification, and Implementation of the Preventive Settlement Proposal Section One: Approval of the Preventive Settlement Proposal Section Two: Ratification of the Preventive Settlement Proposal Section Three: Implementation of the Preventive Settlement Proposal Chapter Four: Termination of Settlement Proceedings Before Implementation Part Four: Restructuring Chapter One: Application to Commence Restructuring Proceedings Chapter Two: Effects of the Decision to Commence Restructuring Proceedings Section Two: Preparation of the List of Debts Chapter Three: Conduct of Restructuring Proceedings Section One: Preparation of the Restructuring Plan Section Two: Approval and Ratification of the Restructuring Plan Index of the Tenth Collection 1377 Home Page 1382 1386 1386 1386 1388 1389 1389 1389 1390 1390 1390 1390 1392 1393 1395 1395 1396 1398 1398 1399 1399 1399 1401 1402 1402 1403 1404 1404 1407 1408 1409 14ا1 1411 1412 1413 1416 1416 1417 1 2 2 4 11 13 13 14 16 17 19 20 23 26 33 34 40 50 51 55 58 58 60 61 64 67 73 73 82 87 89 97 97 99 105 117 117 122 Articles Page Index Approval of the Plan Ratification of the Plan Implementation of the Plan Amendment of the Plan Termination of Restructuring Proceedings Part Five: Declaration of Bankruptcy Chapter One: General Provisions Chapter Two: Effects of Issuance of a Decision to Commence Bankruptcy Declaration Proceedings Section One: Inventory of the Debtor's Assets Section Two: Management of the Debtor's Assets and Business Section Three: Contracts Section Four: New and Pending Judicial Actions Section Five: Power of Attorney Issued to and by the Debtor Management of Companies Section Six: Acceleration of Debts Section Seven: Conducting a New Trade Chapter Three: Declaration of Bankruptcy Effects of the Judgment Declaring Bankruptcy Chapter Four: Liquidation and Distribution Section One: Liquidation and Distribution Plan Section Two: Voting on the Liquidation and Distribution Plan Section Three: Approval of the Liquidation and Distribution Plan Section Four: Ranking of Debts Section Five: Implementation of the Liquidation and Distribution Plan Chapter Five: Closure and Termination of the Bankruptcy Estate Section One: Closure of the Bankruptcy Estate for Insufficiency of Assets Section Two: Termination of the Bankruptcy Estate upon Cessation of the Creditors' Interest Section Three: Composition Conclusion of the Composition and Its Effects Annulment and Rescission of the Composition Part Six: Common Provisions Chapter One: Effects of Issuance of a Decision to Commence Proceedings Section One: Secured Creditors and Creditors Holding Preferential Rights Section Two: Parties Liable for a Single Debt Section Three: Estate of the Deceased Section Four: Payment of Debts Section Five: Set-off Section Six: Distribution of Profits and Disposal by Managers of Their Shares Section Seven: Settlement and Clearing of Securities Section Eight: Recovery Chapter Two: Companies Index of the Tenth Collection 1378 1417 123 1418 124 1418 126 1419 128 1419 129 1420 131 1420 131 1421 136 1421 136 1422 144 1424 101 1427 166 1427 167 1427 168 1428 170 1428 172 1428 173 1429 179 1429 179 1430 182 1431 185 1432 189 1433 190 1435 196 1435 196 1435 199 1436 201 1436 201 1438 212 1440 223 1440 224 1440 224 1442 233 1442 236 1443 237 1443 238 1443 241 1444 242 1444 243 1446 254 Home Page Index Chapter Three: Debts of Small and Medium Enterprises Part Seven: Grievances and Appeals Chapter One: Grievances Chapter Two: Appeals Part Eight: Crimes, Penalties, and Rehabilitation Chapter One: Crimes and Penalties Chapter Two: Rehabilitation of the Bankrupt Index of the Tenth Collection 1379 Articles Page 1448 263 1450 267 1450 267 1452 272 1452 275 1452 275 1456 294 Home Page