Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 106

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A contract whereby a partner in a limited liability company assigns their share. Official form is required; otherwise it is void. This nullity relates to public order. Its implication. Everyone is presumed to know of it.
Arabic original
عقد تنازل الشريك في الشركة ذات المسؤولية المحدودة عن حصته. إشتراط الرسمية فيه وإلا كان باطلا.ً تعلق هذا البطلان بالنظام العام. مؤداه. افتراض علم الكافة به.
Original Arabic judgment citations

(الطعن ٢٢٧/٨٦ تجاري جلسة ١٥/٤/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٩٢١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 29. PDF pages: 29.

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