Commentary on The Financial Stability Law by Attorney Abdul Razzaq Abdullah

Here's an interesting piece on the FSL by Attorney Abdul Razzaq Abdullah of the Kuwaiti law firm Abdul Razzaq Abdullah and Partners.

In the article he makes the point that legal protection from creditors under the FSL is not automatic.  There are procedures to secure the initial protection and then the debtor must continue to fulfill its obligations under the restructuring in order to maintain it.

Another of his key points is the key role of the Central Bank of Kuwait in the process in both the initial approval and subsequent monitoring.