Kuwait Court of Cassation principle number 689

A judgment declaring bankruptcy. Its effect. Divesting the bankrupt of the administration and disposition of his property from the date of the judgment. His remaining the owner of his property and retaining his capacity. Its import: his dispositions after issuance of the bankruptcy judgment are not void but are valid and effective between their parties. Neither party may rely on that judgment itself to escape the obligations they impose. Such dispositions are ineffective against the body of creditors, and their trustee may request this. - 138 - Civil Procedure