VOL. XLI

No. 31

3-August-1998

KUWAIT

Kuwait Parliament Passes Troublesome Amendment

As expected, the Kuwaiti parliament on 29 July approved the firstreading of a draft law proposing amendments to the Difficult Debts Law 41 of 1993. Theproposed amendments call for the deferral of the fourth and fifth installments of theDifficult Credit Facilities Settlements Program which are due for payment on 6 September1998 and 1999, respectively, and allows for retroactive debtor enrollment (MEES, 27July). The...