Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1417

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

English translation of the principle

A company. Its definition. A contract under which two or more persons undertake to contribute to a financial enterprise by providing a contribution of property or work in order to share the profit or loss arising from that enterprise.
Arabic original
الشركة. تعريفها. عقد يلتزم بمقتضاه شخصان أو أكثر بالمساهمة في مشروع مالي بتقديم حصة من مال أو عمل لاقتسام ما ينشأ عن هذا المشروع من ربح أو خسارة.
Original Arabic judgment citations

(الطعن ٢٦٧/٩٠ تجاري جلسة ٨/٣/١٩٩٢ مج القسم الثالث - المجلد الثالث ص ٢٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 250. PDF pages: 250.

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