Kuwait Court of Cassation principle number 2926

Award of the auction in a compulsory sale. Its effect. Ownership of the thing sold passes from the debtor or possessor to the successful bidder in return for the price paid. - Ownership of the movable passes to the auction purchaser free of ordinary debts attached to it before its compulsory sale. The basis for this: the price paid replaces the thing sold, enters the patrimony of the previous owner, and becomes part of the execution proceeds distributed pursuant to the Code of Procedure. Example concerning the compulsory sale of a company at public auction at the request of its creditors holding enforceable instruments. - 570 - Sale