Kuwait Court of Cassation principle number 4440

Referral of the debtor to the institution for the settlement of transactions relating to company shares concluded on deferred terms. Does not prevent an unsecured creditor from obtaining a judgment for its debt. The effect of referral. Merely staying enforcement of the judgment until the debtor's matter is determined. An amicable settlement conducted by the institution and approved by that creditor. Does not prevent the creditor from proceeding with its action and obtaining a judgment enforceable if the debtor becomes solvent. The rationale.