Kuwait Court of Cassation principle number 1665

A limited liability company. How it is liquidated. - Nullity of the company contract. Produces its original effects. Its consequence. Settlement of the partners’ rights concerning transactions completed before its nullity in accordance with the terms of the contract of the company declared void. The reason for this: during the period preceding the judgment of nullity, the company is considered a de facto company producing the effects of a valid company pursuant to the terms agreed upon in the void contract.