Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2620

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

English translation of the principle

A contract by which a partner in a limited liability company assigns his share. An official instrument is required, otherwise it is void. This nullity pertains to public policy. Its implication. Everyone is presumed to know of it.
Arabic original
عقد تنازل الشريك في الشركة ذات المسؤولية المحدودة عن حصته. اشتراط الرسمية فيه وإلا كان باطلا.ً تعلق هذا البطلان بالنظام العام. مؤداه. افتراض علم الكافة به.
Original Arabic judgment citations

(الطعن ٢٢٧/٨٦ تجاري جلسة ١٥/٤/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٢٧٥)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 483. PDF pages: 483.

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