Kuwait Court of Cassation principle number 3611

The State's purchase of certain debts in accordance with the conditions prescribed in Law 41 / 1993, as amended. Its effect: those debts transfer to the State with all their real and personal securities, and the provisions governing assignment of rights apply insofar as they do not conflict with the provisions of this law. The implication thereof. - Initiating enforcement proceedings against mortgaged assets where the customer breaches the rescheduling conditions. An option available to the bank. The effect thereof.