Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 263

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

English translation of the principle

Liability action. A joint-stock company may bring it against the chairman and members of the board of directors. Cases thereof. Articles 148, 149, 204 of the Companies Law. A vote by the general assembly discharging the board of directors from liability does not preclude bringing this action. The condition therefor. The nature of this liability. - A provision expressed in general terms. Restricting its generality. Not permissible.
Arabic original
دعوى المسئولية. للشركة المساهمة إقامتها في مواجهة رئيس وأعضاء مجلس الإدارة. حالات ذلك. م ١٤٨، ١٤٩، ٢٠٤ من قانون الشركات. اقتراع الجمعية العمومية بإبراء ذمة مجلس الإدارة لا يحول دون رفع هذه الدعوى. شرط ذلك. طبيعة هذه المسئولية. - ورود النص عاماً في عباراته. تخصيص عمومه. لا يجوز.
Original Arabic judgment citations

(الطعن ٨١/٩٦ تجاري جلسة ٢٩/٣/١٩٩٨ مج القسم الرابع - المجلد الخامس ص ٧٣١)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 56. PDF pages: 56.

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