Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 789

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

English translation of the principle

Claiming from shareholders the unpaid balance of the value of their shares during the company's existence and before its termination. The manner thereof: it may recover its entitlement itself by offering the shares for sale at public auction or on the stock exchange, collecting its entitlement and returning the remainder of the price to the shareholder. Article 104 of the Companies Law.
Arabic original
مطالبة المساهمين بما تبقى في ذمتهم من قيمة أسهمهم حال حياة الشركة وعدم انقضائها. كيفيته: لها اقتضاء حقها بنفسها بعرض الأسهم للبيع في مزاد علني أو بالبورصة وتستوفى حقها وترد ما تبقى من الثمن إلى المساهم. م١٠٤ ق الشركات.
Original Arabic judgment citations

(الطعن ٥٥/١٩٩٩ تجاري جلسة ١٥/١١/١٩٩٩ مج القسم الرابع - المجلد الثاني ص ١٧٠)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 172. PDF pages: 172.

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