Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 386

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

English translation of the principle

Demanding from shareholders the outstanding value of their shares during the company's existence and before its termination. The manner thereof: it may recover its entitlement itself by offering the shares for sale at public auction or on the stock exchange, satisfying its entitlement and returning the remainder of the price to the shareholder. Article 104 of the Companies Law.
Arabic original
مطالبة المساهمين بما تبقى في ذمتهم من قيمة أسهمهم حال حياة الشركة وعدم انقضائها. كيفيته: لها اقتضاء حقها بنفسها بعرض الأسهم للبيع في مزاد علني أو بالبورصة وتستوفى حقها وترد ماتبقى من الثمن إلى المساهم. مادة ١٠٤ من قانون الشركات.
Original Arabic judgment citations

(الطعن ٥٥/١٩٩٩ تجاري جلسة ١٥/١١/١٩٩٩ مج القسم الرابع المجلد الأول ص٥١٨)

Source: Court of Cassation legal principles collection — Pleadings — Part Two — Ministry of Justice — Court of Cassation — Technical Office. Printed page 77. PDF pages: 74.

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