Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1543

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

English translation of the principle

The law’s lack of a special provision concerning limitation of the rights belonging to the entities it specified in the legislation by which it addressed the company shares crisis. The effect thereof. Their limitation period is fifteen years. - The period prescribed for barring the hearing of an action. Its interruption by the debtor’s express or implied acknowledgment of the creditor’s right.
Arabic original
خلو القانون من نص خاص بتقادم الحقوق التي للجهات التي حددها بالتشريعات التي عالج بها أزمة أسهم الشركات. أثره. تقادمها بخمس عشر سنة. - المدة المقررة لعدم سماع الدعوى. انقطاعها بإقرار المدين بحق الدائن صراحة أو ضمناً.
Original Arabic judgment citations

(الطعن ٤٤٢/٢٠٠١ تجاري جلسة ٢/١١/٢٠٠٢ مج القسم الخامس - المجلد الثامن ص ١٠٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 270. PDF pages: 270.

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