January 16th, 2025 Announcements

Kuwait blocks debt declarations for foreign beneficiaries

CLIENT ALERT!

The Ministry of Justice in Kuwait has issued Administrative Circulation No. 4 of 2025 which requires all notaries in the Real Estate Registration and Authentication Department to stop accepting any debt or guarantee declarations issued from citizens in favor of non-Kuwaiti persons. This circulation is effective starting from Sunday 12 January 2025.

Although, the application of the circulation remains to be tested, we think it would apply to documents that include any such debt or guarantee obligations without being issued for that purpose specifically. For example, an acknowledgement of an assignment of rights that needs to be date-attested might include an acknowledgement of debt. The circulation applies in connection with declarations by a Kuwaiti citizen to a non-Kuwaiti person. “Persons” legally means natural persons and juridical entities, such as foreign companies and financial institutions.   

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