Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1558

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

English translation of the principle

A contract for a partner’s transfer of his interest in a limited liability company must be in authentic form, otherwise it is void. This nullity concerns public policy. Its consequence is that everyone is presumed to know of it.
Arabic original
عقد تنازل الشريك في الشركة ذات المسؤولية المحدودة عن حصته إشتراط الرسمية فيه وإلا كان باطلا.ً تعلق هذا البطلان بالنظام العام. مؤداه إفتراض علم الكافة به.
Original Arabic judgment citations

(الطعن ٢٢٧/٨٦ تجاري جلسة ١٥/٤/١٩٨٧ مج القسم الثاني - المجلد الثالث ص ٤٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 273. PDF pages: 273.

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