Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1612

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

English translation of the principle

A general partner's liability in his personal assets for the company's debts. Absolute liability. The provision in Article 22 of the Companies Law prohibiting restriction upon the partner's assets before notice to the company and its refusal to pay. It concerns the enforcement stage and does not preclude claiming the debt.
Arabic original
مسئولية الشريك المتضامن في أمواله الخاصة عن ديون الشركة. مسئولية مطلقة. النص في المادة ٢٢ من قانون الشركات على عدم جواز التقيد على أموال الشريك قبل إنذار الشركة وامتناعها عن الدفع. تعلقه بمرحلة التنفيذ وغير مانع من المطالبة بالدين.
Original Arabic judgment citations

(الطعن ٩٧/٨١ تجاري جلسة ١٦/١٢/١٩٨١ مج القسم الأول - المجلد الثاني ص ٢٢٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 283. PDF pages: 283.

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