Kuwait Court of Cassation principle number 2247

The company's right to bring a liability action against the chairman and members of the board of directors. Its prerequisite. Direct damage to it resulting from acts tainted by fraud and abuse of authority, or violation of the law or the company's articles, or management error. The period for the lapse of this action. Five years from the date of the company's general meeting at which the board of directors presented an account of the tainted acts resulting in damage to the company. What is disregarded in this regard. - Action arising from an insurance contract:-