Kuwait Court of Cassation principle number 1506

The provisions of Decree-Law 49/1987 validating dispositions made in shareholders’ rights in joint-stock companies whose incorporation procedures were not completed and these rights cease before Law 42/1984 came into force, and deeming actions brought to invalidate dispositions concerning them terminated. Were intended to protect the national economy, safeguard the public interest and settle the intertwined relationships between those dealing with one another. This pertains to public policy. A ground relating thereto may be raised for the first time before the Court of Cassation. - Management of a joint-stock company (the board of directors and the general assembly):-