Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1325

State of Kuwait · Civil Matters — Volume 10 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Official form is an essential element of a contract assigning a partner's share in a limited liability company. The effect of this assignment as regards the partners arises only from the time of entry in the company's book and in the Commercial Register.
Arabic original
الرسمية ركن في عقد التنازل عن حصة الشريك في الشركة ذات المسئولية المحدودة. أثر هذا النزول بالنسبة إلى الشركاء لا يكون إلا من وقت القيد بدفتر الشركة وفي السجل التجاري.
Original Arabic judgment citations

(الطعن ٥٠١/٢٠٠٦ تجاري جلسة ٥/٢/٢٠٠٨ مجلة القضاء والقانون - س ٣٦ ج ١ ص ١٥٢)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 275. PDF pages: 275.

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