Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1303

State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Formation of open or closed joint-stock companies. Commercial acts. When this is absent. Its effect. The founders’ joint and several obligation to return the subscribed amounts to prospective subscribers.
Arabic original
تأسيس الشركات المساهمة المفتوحة أو المقفلة. أعمال تجارية. متى ينتفى ذلك. أثره. التزام المؤسسين متضامنيين برد المبالغ المكتتب بها إلى راغبي الاكتتاب.
Original Arabic judgment citations

(الطعن ٤١٦/٩٨ تجاري جلسة ١/٣/١٩٩٩ مج القسم الرابع - المجلد الثاني ص ٤١٤)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 248. PDF pages: 248.

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