Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1372

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

English translation of the principle

A shareholding company of either type. Of whom it is composed, how it is incorporated and publicized, and when it acquires legal personality. - Incorporation of public or closed shareholding companies. Commercial acts. When this ceases to be the case. Its effect. The founders’ joint and several obligation to return the subscribed amounts to those wishing to subscribe.
Arabic original
شركة المساهمة بنوعيها. ممن تتألف وكيف يتم تأسيسها وشهرها ومتى تكتسب الشخصية المعنوية. - تأسيس الشركات المساهمة المفتوحة أو المقفلة. أعمال تجارية. متى ينتفى ذلك. أثره. التزام المؤسسين متضامنين برد المبالغ المكتتب بها إلى راغبي الاكتتاب.
Original Arabic judgment citations

(الطعن ٤١٦/١٩٩٨ إداري جلسة ١/٣/١٩٩٩ مج القسم الرابع - المجلد الثاني ص ١٦٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 241. PDF pages: 241.

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