Kuwait Court of Cassation principle number 1400

The bankruptcy court. Its jurisdiction to grant permission to the Kuwait Investment Authority, in its capacity as administrator of the creditors' union, to sell the bankruptcy estate's assets and deposit the sale proceeds in the treasury of the managing bank for distribution to creditors after deducting the amounts determined by the court for expenses. Art. 21, Law 41 of 1993, as amended, and its Implementing Regulations. - 246 - Commercial - What the court issues pursuant to its judicial authority. It may be challenged, unlike decisions it issues that do not have the character of judgments. - The decision issued by the bankruptcy court permitting the Kuwait Investment Authority to sell the bankruptcy estate's assets without determining a judicial dispute or litigation in the legal sense. A non-contentious judicial act issued by the court as the body entrusted with supervision and oversight of bankruptcy proceedings. Its effect. It may not be challenged by appeal. Prefacing the decision with the word judgment does not alter this. The reason therefor. Art. 127, Civil Procedure. Example.