Kuwait Court of Cassation principle number 3640

The Central Bank of Kuwait is authorized to purchase the total distressed indebtedness of Kuwaiti customers owed to banks, investment companies, and Kuwait Finance House. The condition for this. Such indebtedness must have existed on 1/8/1990. A challenge to the Central Bank’s negative decision refraining from purchasing such indebtedness. A challenge to an administrative decision falling within the jurisdiction of the Administrative Circuit of the Court of First Instance. It falls outside the jurisdictional authority of arbitral tribunals.