Kuwait Court of Cassation principle number 382

The State's purchase of certain debts in accordance with the controls prescribed in Law 41/1993, as amended. Its effect: those debts pass to the State with all their real and personal securities, and the provisions governing assignment of rights apply insofar as they do not conflict with the provisions of this Law. Import thereof. - Initiating enforcement proceedings against mortgaged assets if the customer breaches the rescheduling conditions. An option available to the bank. Effect thereof.