Kuwait Court of Cassation principle number 155

The state's purchase of the debts specified in Law 32/1992. Its prerequisite. They must have been outstanding on 1/8/1990 in favor of a local bank, Kuwait Finance House, or an investment company subject to the supervision of the Central Bank of Kuwait, owed by a Kuwaiti customer or a natural person who is a national of a Gulf Cooperation Council state. The procedures required to complete the purchase. Their nature. - The state may not disavow that purchased debt. The reason for this.