Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1569

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

English translation of the principle

Assignment of interests in a limited liability company. It must be in an authentic instrument and entered in the Commercial Register. Its effect is amendment of the company's memorandum of association invoking the assignment against third parties. Contravention thereof with respect to entry in the Commercial Register. Its effect. The assignment cannot be invoked against third parties. Example.
Arabic original
التنازل عن الحصص في الشركة ذات المسؤولية المحدودة. وجوب أن يكون في محرر رسمي وقيده في السجل التجاري. أثره تعديل عقد تأسيس الشركة الاحتجاج بالتنازل قبل الغير. مخالفة ذلك بالنسبة للقيد في السجل التجاري.أثره. عدم إمكان الاحتجاج بالتنازل قبل الغير. مثال.
Original Arabic judgment citations

(الطعن ٣١٠/٨٩ تجاري جلسة ١/١٢/١٩٩١ 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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