Kuwait Court of Cassation principle number 1500

A disposition of shares in joint-stock companies made outside the Kuwait Stock Exchange. It is completed between the contracting parties merely by their agreement. It may not be asserted against the company or third parties except from the date of its entry in the company's shareholders register following the Exchange's approval. The reason for this. Protecting the company and third parties against multiple dispositions. The judgment's contravention of this. It vitiates it and requires its cassation.