Kuwait Court of Cassation principle number 1823

Law 41 of 1993 concerning the State's Purchase of Certain Debts and the Manner of Their Collection. Its purpose. - Debt rescheduling or immediate cash payment under Law 41 of 1993. The conditions required and the consequences of failure to comply with those conditions. An example. - The customer's failure to fulfil his obligations. Its effect. The debt becomes due and enforcement proceedings are taken against him, including attachment and notification of the Public Prosecution for declaration of his bankruptcy or his punishment. - 317 - Commercial