Kuwait Court of Cassation principle number 1592

A partner’s disposition of his interest in a limited liability company by assigning it. The effect of this - 277 - Commercial assignment as against the company and third parties. Its condition. Fulfilment of the formal requirement therein. The reason for this. The assignment entails amendment of the company’s memorandum of incorporation, which must be embodied in an official instrument and entered in the commercial register so that knowledge thereof is legally established. Contravention thereof. Its effect.