Kuwait Court of Cassation principle number 1655

The general rule is that a non-Kuwaiti may not engage individually in trade in Kuwait - the exception - he may invest his funds deposited in banks and companies. The condition therefor. That this fall within their objects. Applicability of the exception to transactions preceding the effective date of Law 45 of 1989. Actions seeking their nullity. Deemed terminated. - Where the provision in Article 1 of Law 45/1989 contains no restriction to a particular type of company, the exception applies to all companies, including limited liability companies. Whatever exceeds this scope. Companies and banks remain governed by the rules prescribed in Currency Law 32/1968, the Companies Law, and the Minister of Finance’s Decision of 19/3/1984. A judgment’s contravention thereof. An error in applying the law requiring its cassation.