Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1568

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

English translation of the principle

A partner’s transfer of his interest in a limited liability company. Must be entered in the Commercial Register. The effect of failure to do so. It may not be invoked against third parties or the other partners.
Arabic original
تنازل الشريك في الشركة ذات المسؤولية المحدودة عن حصته. وجوب قيده في السجل التجاري. أثر تخلف ذلك، عدم جواز الاحتجاج به قبل الغير وباقي الشركاء.
Original Arabic judgment citations

(الطعن ٣١٦/٨٩ تجاري جلسة ٢٤/١١/١٩٩١ مج القسم الثاني - المجلد الثالث ص ٤٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 274. PDF pages: 274.

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