Kuwait Court of Cassation principle number 1483

The provisions of Law No. 42/1984 concerning disregarding the nullity of transactions in shares of joint-stock companies conducted in violation of Articles 106/1 and 109 of Law No. 15/1960, and in shares of Gulf companies conducted in violation of Article One of Law 32/1970. Matters of public policy. Courts may, of their own motion, rule that actions for the nullity of these transactions have terminated. - 259 - Commercial