Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 489

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

English translation of the principle

The absence from Law No. 26 of 1995 concerning Free Zones of a provision permitting a foreign investor to conduct his commercial and industrial activities within free zones without a Kuwaiti partner. Its effect. Application of the prohibition contained in Article 23/1 of the Commercial Law. The reason for this. An example concerning the nullity of two investment contracts because the foreign investor had no Kuwaiti partner.
Arabic original
خلو القانون رقم ٢٦ لسنة ١٩٩٥ بشأن المناطق الحرة من نص يجيز للمستثمر الأجنبي مباشرة نشاطه التجاري والصناعي داخل المناطق الحرة دون وجود شريك كويتي. أثره. سريان الحظر الوارد بالمادة ٢٣/١ من قانون التجارة. علة ذلك. مثال بشأن بطلان عقدي استثمار لعدم وجود شريك كويتي مع المستثمر الأجنبي.
Original Arabic judgment citations

(الطعن ١٩٥/٢٠٠٦ تجاري جلسة ١/٥/٢٠٠٧ مجلة القضاء والقانون س ٣٥ ج ١ ص ١١٥)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 106. PDF pages: 106.

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