Kuwait Court of Cassation principle number 590
State of Kuwait · Administrative Law · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
The decision issued by the Kuwait Stock Exchange Committee excluding the company's shares from the quorum required for convening the general assembly and from voting on the resolutions it adopts for two electoral terms. It possesses the constituent elements of a final administrative decision. The Administrative Circuit has subject-matter jurisdiction to hear the application for its annulment.
Arabic original
القرار الصادر من لجنة سوق الكويت للأوراق المالية باستبعاد أسهم الشركة من النصاب اللازم لانعقاد الجمعية العامة ومن التصويت على القرارات التي تتخذها لدورتين انتخابيتين. تتوافر له مقومات القرار الإداري النهائي. اختصاص الدائرة الإدارية نوعياً بنظر طلب إلغائه.Original Arabic judgment citations
(الطعنان ٢٧٢، ٢٨٨/٢٠٠٧ إداري جلسة ١٥/٤/٢٠٠٨ مجلة القضاء والقانون س ٣٦ ج ٢ ص ٨٤)
Source: Court of Cassation legal principles collection — Administrative Law — Ministry of Justice — Court of Cassation — Technical Office. Printed page 155. PDF pages: 152.
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