Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4090

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

English translation of the principle

A company, other than an undisclosed partnership, has legal personality and a financial patrimony independent of the personalities and patrimonies of the partners. The effect thereof. The partner's contribution leaves his ownership and passes to the company; consequently, the partner's creditors may not attach any of the company's assets, even if their debt is what the partner contributed as a share in the company.
Arabic original
للشركة. عدا شركة المحاصة. شخصية معنوية وذمة مالية مستقلة عن شخصية وذمم الشركاء. أثر ذلك. خروج حصة الشريك عن ملكيته وانتقالها إلى الشركة وبالتالي لا يجوز لدائني الشريك أن يحجزوا على شيء من أموال الشركة ولو كان دينهم هو المقدم من الشريك كحصة في الشركة.
Original Arabic judgment citations

(الطعن ١٨٥/١٩٨٤ تجاري جلسة ٦/٣/١٩٨٥ مج القسم الأول المجلد الأول ص٧٣٠)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 715. PDF pages: 712.

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