Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 817

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

English translation of the principle

A limited liability company terminates upon one of the events specified by law. The nature of those events. The death of a partner does not entail termination of the company; rather, his share passes to his heirs or its legatees. The implication of this. Its continued existence with its juridical personality. - The company's juridical personality. Its independence from the personality of the partners and from the person of its representative.
Arabic original
الشركة ذات المسئولية المحدودة تنقضي بأحد الأمور التي حددها القانون. ماهية تلك الأمور. موت أحد الشركاء لا يترتب عليه انقضاء الشركة وإنما تنتقل حصته إلى ورثته أو الموصي لهم بها. مؤدى ذلك. بقاؤها قائمة بشخصيتها الاعتبارية. - الشخصية الاعتبارية للشركة. استقلالها عن شخصية الشركاء وعن شخص ممثلها.
Original Arabic judgment citations

(الطعن ٨٨/٢٠٠٥ تجاري جلسة ٣/٦/٢٠٠٨ مجلة القضاء والقانون - س٣٦ ج٢ ص ٢٤٤)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 177. PDF pages: 177.

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