Kuwait Court of Cassation principle number 4065

Law 41 of 1993 concerning the State's purchase of certain debts and the manner of their collection. Its purpose. - Rescheduling indebtedness or immediate cash repayment under Law 41 of 1993. The conditions required for this and the consequences of failure to comply with those conditions. An example. - The debtor's refusal to choose the appropriate method of repayment. Does not prevent the jointly and severally liable guarantor from making this choice. - The customer's breach in fulfilling his obligations. Its effect. Acceleration of the debt and taking enforcement proceedings against him, including attachment of his assets and their compulsory sale, and notification of the Public Prosecution to have him declared bankrupt or punished.