Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1426

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

English translation of the principle

The memorandum of association and articles of association of shareholding companies formed by public subscription must be drawn up in an official instrument. This form must also be satisfied in the powers of attorney issued by the founders to those whom they authorize to conclude and sign the contract on their behalf. Official form is an essential element of the contract. Its omission entails the contract’s absolute nullity. Example.
Arabic original
وجوب أن يحرر عقد تأسيس الشركات المساهمة في اكتتاب عام ونظامها الأساسي في ورقة رسمية. ضرورة توافر هذا الشكل أيضاً في التوكيلات الصادرة من المؤسسين لمن وكلوه في إبرام العقد والتوقيع عليه نيابة عنهم. الرسمية ركن في العقد. يترتب على إغفالها بطلانه بطلاناً مطلقاً. مثال.
Original Arabic judgment citations

(الطعن ٤٦٤/٩٩ تجاري جلسة ٤/٦/٢٠٠٠ مج القسم الرابع - المجلد الخامس ص ١٠٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 251. PDF pages: 251.

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