Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1496

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

English translation of the principle

Financial shares bearing their owner's name. Establishment of their ownership and transfer. Its method: by entry in a register which the company issuing those shares must maintain. The rationale therefor.
Arabic original
الأسهم المالية التي تحمل اسم صاحبها. ثبوت ملكيتها والتنازل عنها. كيفيته: بالقيد في سجل يتعين على الشركة مصدرة هذه الأسهم إمساكه. علة ذلك.
Original Arabic judgment citations

(الطعن ٦٦٠/٢٠٠١ تجاري جلسة ٢٥/١١/٢٠٠٢ مج القسم الخامس - المجلد الثامن ص ٨٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 261. PDF pages: 261.

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