Kuwait Court of Cassation principle number 2142

An action for nullity of subscription for shares in a joint-stock company. Becomes time-barred when the criminal action becomes time-barred; however, if the act is not criminally punishable, it becomes time-barred upon the lapse of three years from the closing date of subscription. The condition for this: violation of the provisions prescribed by the Commercial Companies Law for subscription. - 413 - Obligation