Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2325

State of Kuwait · Pleadings — Part Two · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A 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 from liability does not preclude bringing this action. The condition thereof. The nature of this liability.
Arabic original
دعوى المسئولية. للشركة المساهمة إقامتها في مواجهة رئيس وأعضاء مجلس الإدارة. حالات ذلك. م١٤٨، 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 ٨١/١٩٩٦ تجاري جلسة ٢٩/٣/١٩٩٨ مج القسم الرابع المجلد الرابع ص٧٠٧)

Source: Court of Cassation legal principles collection — Pleadings — Part Two — Ministry of Justice — Court of Cassation — Technical Office. Printed page 434. PDF pages: 431.

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