Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1526

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

English translation of the principle

An action for liability. Available to a joint-stock company. Its institution against the chairman and members of the board of directors. Cases thereof. Articles 148, 149, 204 of the Companies Law. The general assembly's vote discharging the board of directors does not preclude bringing this action. The condition thereof. The nature of this liability.
Arabic original
دعوى المسئولية. للشركة المساهمة. إقامتها في مواجهة رئيس وأعضاء مجلس الإدارة. حالات ذلك. م ١٤٨، ١٤٩، ٢٠٤ من قانون الشركات. اقتراع الجمعية العمومية بإبراء ذمة مجلس الإدارة لا يحول دون رفع هذه الدعوى. شرط ذلك. طبيعة هذه المسئولية.
Original Arabic judgment citations

(الطعن ٨١/٩٦ تجاري جلسة ٢٩/٣/١٩٩٨ مج القسم الرابع - المجلد الخامس ص ١٢٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 267. PDF pages: 267.

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