Kuwait Court of Cassation principle number 1504

The chairman and members of the board of directors of a joint-stock company. Liable towards the company, shareholders, and third parties for acts of fraud, abuse of authority, any violation of the law or the company’s articles, or fault in management. The condition for this. Exercising management or participating therein. Establishment that one of them did not participate in management and that another exercised it. The latter is the person liable. Articles 148, 149 of the Commercial Companies Law.