Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1479

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

English translation of the principle

Nullity of dispositions of shares in joint-stock companies as provided in Articles 106, 109 of the Companies Law. Absolute nullity. It encompasses a sale subject to a condition.
Arabic original
بطلان التصرف في أسهم شركات المساهمة المنصوص عليه بالمادتين ١٠٦، ١٠٩ من قانون الشركات. بطلان مطلق. استغراقه البيع المعلق على شرط.
Original Arabic judgment citations

(الطعن ٦١/٨٠ تجاري جلسة ١١/٣/١٩٨١ مج القسم الأول - المجلد الثاني ص ٢١٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 259. PDF pages: 259.

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