Kuwait Court of Cassation principle number 747

Grounds for termination of a joint-stock company and the rules for its liquidation. Their application to a limited liability company. A partner's right to seek judicial dissolution of the company. Its justifications. This right pertains to public order. The effect thereof. It may not be suspended or disabled by a contractual provision. A partner who defaults in performing his obligations or a partner at fault may not seek dissolution of the company. The reason for this. How the company is liquidated. - The company's retention of its legal personality during liquidation. The effect thereof. The liquidator may be sued for fulfilment of its obligations towards its creditors.