Kuwait Court of Cassation principle number 3414

Application of the law. The general rule is its application with immediate effect. The exception. Its provisions extend to facts and legal situations that arose and were completed before its entry into force. Ascertaining the law’s retroactivity. This is done by examining its provisions; if it contains a provision applicable to facts completed or legal situations formed in the past, it has retroactive effect. - The provisions of Law No. 5/1981 extend retroactively to registrations in the register of auditors preceding its effective date. The effect thereof. Obtaining a bachelor’s degree in accounting is a condition for registration in that register, even for all those previously registered pursuant to Law 6/1962.