Kuwait Court of Cassation principle number 1396

Clients subject to the provisions of Law 41 of 1993. The composition to avert bankruptcy submitted by them to the Public Investment Authority must be presented to the circuit designated for that purpose at the Court of First Instance, by way of exception to the procedures and provisions governing composition to avert bankruptcy set out in the Commercial Law. What this necessitates. The creditors must be impleaded before that court. The reason therefor. - 245 - Commercial