Kuwait Court of Cassation principle number 3962

Receivership is a temporary conservatory measure. Its implication. The receiver acts on behalf of the interested parties in undertaking acts to preserve the assets under receivership and the limited ancillary acts of disposition they entail. The receiver alone has standing to undertake those acts and litigate concerning them. - Acts of disposition and equivalent acts exceeding the limits of receivership, relating to the substance and constituent elements of those assets, and disposing of part thereof or creating any right in rem over them. The receiver lacks standing to undertake them or to bring or defend actions concerning them. Such standing remains with the interested parties unless they agree otherwise or judicial authorization is issued therefor. - Acts of disposition not covered by the receivership judgment. Despite the receivership judgment, the debtor may pay his creditors, and his dispositions are valid unless their purpose is to prejudice the creditors' rights, in which case they may be challenged before the courts. - 691 - Procedure Judicial liquidator - In general:-