Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1643

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

English translation of the principle

A judgment declaring a company void leaves behind a de facto company to be liquidated in accordance with the general rules governing a de facto company. It may not be invoked against good-faith third parties and shareholders.
Arabic original
القضاء ببطلان الشركة يتخلف عنه شركة فعلية تصفي وفقاً للقواعد العامة في الشركة الواقعية. لا يحتج به على الغير حسن النية والمساهمين.
Original Arabic judgment citations

(الطعن ١٢١/٩٩ تجاري جلسة ١٣/١٢/١٩٩٩ مج القسم الرابع - المجلد الخامس ص ١٣٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 288. PDF pages: 288.

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