Kuwait Court of Cassation principle number 1853

The Public Investment Authority and the debtor whose bankruptcy is sought to be declared. They may submit proposals concerning a composition preventive of bankruptcy to the court hearing the application for a declaration of bankruptcy. The court may reject it or be lenient toward it. The condition for this. That the suitability of its terms and the agreement of one quarter of the creditors holding half the debts be established before it. A judgment's contravention of this. Vitiates it and necessitates its cassation.