Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1550

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

English translation of the principle

A limited liability company: its formation and the transfer of partners' interests therein require official form. - 271 - Commercial Articles 192, 197/1 of the Companies Law. This rule applies to the final contract or preliminary agreement. Absence of official form. Its effect is nullity.
Arabic original
الشركة ذات المسئولية المحدودة تأسيسها والتنازل عن حصص الشركاء فيها إشتراط الرسمية. - ٢٧١ - تجاري م ١٩٢، ١٩٧/١ قانون الشركات سريان هذا الحكم على العقد النهائي أو الاتفاق المبدئي. تخلف الرسمية أثره البطلان.
Original Arabic judgment citations

(الطعن ٩١/٨٥ تجاري جلسة ١٥/١/١٩٨٦ مج القسم الثاني - المجلد الثالث ص ٤١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 271. PDF pages: 271–272.

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