Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1923

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

English translation of the principle

Liability action. A joint-stock company may bring it against the chairman and members of the board of directors. Cases thereof. Articles 148, 149, 204 of the Companies Law. A vote by the general assembly discharging the board of directors does not preclude bringing this action. Condition thereof. Nature of this liability.
Arabic original
دعوى المسئولية. للشركة المساهمة إقامتها في مواجهة رئيس وأعضاء مجلس الإدارة. حالات ذلك. م ١٤٨، ١٤٩، ٢٠٤ من قانون الشركات. اقتراع الجمعية العمومية بإبراء ذمة مجلس الإدارة لا يحول دون رفع هذه الدعوى. شرط ذلك. طبيعة هذه المسئولية.
Original Arabic judgment citations

(الطعن ٨١/٩٦ تجاري جلسة ٢٩/٣/١٩٩٨ مج القسم الرابع - المجلد الأول ص ١٣)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 366. PDF pages: 366.

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