Kuwait Court of Cassation principle number 4334

A judgment declaring a company void leaves behind a de facto company to be liquidated in accordance with the general rules governing a de facto company, and may not be invoked against third parties acting in good faith and shareholders. - The nullity action becoming time-barred upon the passage of fifteen years from the date of the contract. Article 186/3, Civil Code. No basis for invoking this when nullity is asserted. By way of a defence. Its connection with bringing the action. Reliance on the judgment declaring bankruptcy in that regard. Impermissible.