Kuwait Court of Cassation principle number 3419

The Kuwaiti Central Bank is authorized to purchase the total distressed indebtedness of Kuwaiti customers to banks, investment companies and Kuwait Finance House. The criterion therefor. That such indebtedness be public on 1/8/1990. A challenge to the Central Bank's negative decision refusing to purchase that indebtedness. A challenge to an administrative decision falling within the jurisdiction of the Administrative Circuit of the Court of First Instance. It falls outside the jurisdictional competence of arbitration panels.