Kuwait Court of Cassation principle number 1895

Issuance of a judgment declaring bankruptcy. Its effect. Divesting the bankrupt, from its date, of the power to manage all his assets, whether - 331 - Commercial related to his trade or not. The reason therefor. All his assets secure payment of his debts, and his patrimony is indivisible. This extends to assets devolving upon him while he is bankrupt, and he may not conduct actions concerning them except those confined to conservatory measures that benefit his creditors and do not harm them. An appeal in cassation is not considered one of the conservatory measures excepted from this prohibition. The reason therefor. An example concerning the inadmissibility of an appeal in cassation because it was brought by the appellant after issuance of the judgment declaring his bankruptcy. The business establishment, trademarks, and trade descriptions. The business establishment (commercial premises).