Kuwait Court of Cassation principle number 1858

An application for a preventive composition submitted by the debtor or the Kuwait Investment Authority. It must initially be presented to the Court of First Instance having jurisdiction to declare the bankruptcy of customers subject to the provisions of Law 41 of 1993 that the State purchases certain debts. The Court of Appeal has no jurisdiction to approve a composition preventive of bankruptcy presented to it for the first time. - Preventive composition under Law 41 of 1993. Its procedures. An exception to the provisions governing preventive composition prescribed in the Commercial Law. 8- The effect of the issuance of a judgment declaring bankruptcy:-