Kuwait Court of Cassation principle number 2983
State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
Company shares and partners' interests are property of legally recognized value. Their assignment is a form of sale. It must be in an official instrument. - Partners' recovery of the interest sold. Its condition. - See also: Sale of a commercial establishment - Sale of a business. Sale by pre-emption:
Arabic original
أسهم الشركات وحصص الشركاء مال متقوم. التنازل عنها ضرب من ضروب البيع. وجوب أن يكون في محرر رسمي. - استرداد الشركاء الحصة المبيعة. شرطه. - وراجع: بيع المحل التجاري - بيع المتجر. البيع بالشفعة:Original Arabic judgment citations
(الطعن ١١٣/٨٩ تجاري جلسة ٥/٦/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٧٧٥)
Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 582.
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