Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1528

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

English translation of the principle

The shareholding company in its two types. Of whom it is composed, how it is incorporated and publicized, and when it acquires legal personality. - 267 - Commercial - Incorporation of public or closed shareholding companies. Commercial acts. When that is absent. Its effect. The founders' joint and several obligation to return the amounts subscribed to those wishing to subscribe.
Arabic original
شركة المساهمة بنوعيتها. ممن تتألف وكيف يتم تأسيسها وشهرها ومتى تكتسب الشخصية المعنوية. - ٢٦٧ - تجاري - تأسيس الشركات المساهمة المفتوحة أو المقفلة. أعمال تجارية. متى ينتفي ذلك. أثره. التزام المؤسسين متضامنين برد المبالغ المكتتب بها إلى راغبي الاكتتاب.
Original Arabic judgment citations

(الطعن ٤١٦/٩٨ تجاري جلسة ١/٣/١٩٩٩ مج القسم الرابع - المجلد الخامس ص ١٢٢)

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: 267–268.

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