Kuwait Court of Cassation principle number 567

The Central Bank's representation of the state in purchasing the total cash facilities provided by local banks and by investment companies subject to the supervision of the Central Bank of Kuwait. This entails the transfer to the state of the purchased debts with all their real and personal security. The provisions governing assignment of rights apply thereto insofar as they do not conflict with the provisions of the law and the provisions of Decree-Law 32 of 1999.