Kuwait Court of Cassation principle number 693

A judgment declaring bankruptcy. Its effect. Divesting the bankrupt of the power to administer and dispose of his assets from the date of the judgment. His remaining the owner of his assets and retaining his capacity. Its implication: his dispositions after the bankruptcy judgment are not void but rather - 154 - Right valid and effective between their parties. Neither party may rely on that judgment itself to escape the obligations they impose. These dispositions are ineffective against the body of creditors, and their trustee may request this.