Kuwait Court of Cassation principle number 1440

The condition of a personal and direct interest required for the admissibility of an annulment action. Its scope. Transfer of neutralized shares on the Kuwait Stock Exchange to another company that became their owner. The existence of an interest on the part of the first, transferring company in seeking annulment of the decision excluding the shares from the statutory quorum for the valid convening of the assembly and from voting for two electoral terms. The basis thereof.