Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1383

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

English translation of the principle

The Office for Liquidation of Forward Share Transactions. Enjoys independent legal personality and is represented before the courts by its supervisor or an office employee authorised by him. - A power of attorney issued by the representative of a legal person is unaffected in its validity or continuation by the termination of that representative's capacity. The reason for this. It is considered issued by the legal person whose personality is unaffected by a change of representative. - 242 - Commercial
Arabic original
مكتب تصفية معاملات الأسهم بالأجل. تمتعه بشخصية اعتبارية مستقلة ويمثله لدى القضاء المشرف عليه أو من يفوضه من موظفي المكتب. - التوكيل الصادر من ممثل الشخص الاعتباري لا يؤثر في صحته أو استمراره زوال صفة هذا الممثل. علة ذلك. أنه يعتبر صادراً من الشخص الاعتباري الذي لم تتأثر شخصيته بتغيير ممثله. - ٢٤٢ - تجاري
Original Arabic judgment citations

(الطعن ٣١٧/٢٠٠١ تجاري جلسة ٢٦/٥/٢٠٠٣ مج القسم الخامس - المجلد الثاني ص ٦٣١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 242. PDF pages: 242.

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