Kuwait Court of Cassation principle number 1843

The conditions specific to a declaration of bankruptcy pursuant to Law 41 of 1993. - The lead bank for the indebtedness undertaking enforcement proceedings against the mortgaged assets. An option available to it, which it may exercise itself or entrust certain procedures thereof to the client under its supervision and on the conditions it determines. Failure to exercise this option within the specified periods. Does not preclude considering the client to be in a state of cessation of payments, warranting a declaration of his bankruptcy.