Kuwait Court of Cassation principle number 1395

The Public Investment Authority and the debtor whose bankruptcy declaration is sought. They may submit proposals for a composition preventing bankruptcy to the court hearing the application for a declaration of bankruptcy. The court may reject or approve it. The condition thereof. It must be established to the court that its terms are appropriate and that one quarter of the creditors holding half of the debts have consented. A judgment's contravention thereof. It vitiates the judgment and requires its cassation (¿).