Kuwait Court of Cassation principle number 1529

Joint-stock companies are prevented with a legal personality independent of the persons of their partners. Its consequence. Their patrimony is separate from their partners' patrimonies and their assets from their partners' assets. - Devolution of the State's shares in the capital of Kuwait Oil Company to Kuwait Petroleum Corporation. Has no effect on its enjoyment of legal personality and its independent patrimony. Its implication. The Minister of Petroleum, as the highest administrative head of the Petroleum Corporation, has no right to manage or dispose of its property. - Allocation to a person of accommodation owned by Kuwait Oil Company pursuant to an order of the Minister of Oil. Does not entail transfer to the latter of the right to manage or dispose of the property, prevent the company from exercising its rights as owner, or confer on that person a right of indefinite duration to use the accommodation without its consent.