Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 126

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

English translation of the principle

Restricting ownership and exploitation of commercial licenses to Kuwaitis. The requirement that he own the establishment's capital or a share of not less than 51% and be responsible for management. Law 32/1966. The reason for this. Its connection with public policy. No distinction between exploitation of the license and exploitation of the premises.
Arabic original
قصر تملك التراخيص التجارية واستغلالها على الكويتيين. إشتراط تملكه لرأس مال المنشأة أو لحصة لا تقل عن ٥١ ٪ وأن يكون هو المسئول عن الإدارة. قانون ٣٢/١٩٦٦. علة ذلك. تعلقه بالنظام العام. لا فرق بين استغلال الترخيص واستغلال العين.
Original Arabic judgment citations

(الطعن ٢١/٩٤ تجاري جلسة ١٤/٦/١٩٩٤ مج القسم الثالث - المجلد الثالث ص ١٠٥٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 32. PDF pages: 32.

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