Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1680

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

English translation of the principle

Dissolution of a company. Its cases. The company's loss, however great, does not necessarily require its dissolution. The extraordinary general assembly may confront this party by taking measures that revive the company and protect it from its setback. - A shareholder's request to dissolve the company. Its assessment falls within the authority of the court of merits, provided it is reasonable.
Arabic original
حل الشركة. حالاته. خسارة الشركة مهما بلغت لا تقتضي حتماً حلها. للجمعية العمومية غير العادية مواجهة هذا الطرف باتخاذ التدابير التي تنهض بالشركة وتقيها من عثرتها. - طلب أحد المساهمين حل الشركة. تقديره من سلطة محكمة الموضوع متى كان سائغاً.
Original Arabic judgment citations

(الطعن ١٢٩/٩٠ تجاري جلسة ٣١/٥/١٩٩٢ مج القسم الثالث - المجلد الثالث ص ٣٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 294. PDF pages: 294.

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