Kuwait Court of Cassation principle number 370

Benefiting from Law 41 of 1993 concerning the State's purchase of certain debts. Its condition: the customer's notarization of an acknowledgment of the amount of the indebtedness according to the outstanding balance on 1/8/1990, by a deadline of 31/3/1994. This deadline pertains to public policy and may not be amended or extended except by subsequent legislation. - The bank managing the indebtedness reviewing its balance with local banks, investment companies subject to the supervision of the Central Bank of Kuwait, and the Finance House, and finding that it does not match the acknowledgment, whether by an increase or a decrease. Its effect. It may correct that balance without requiring the debtor to establish it or to do so within a specified period. The reason for this. The Law's absence of this condition.