Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1682

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

English translation of the principle

Liquidation of a joint-stock company. Its purpose. - The liquidator. The manner of appointment and function. - Liquidation of the assets of a joint-stock company. The manner of conducting liquidation. The legislature did not require any restriction or condition for demanding the outstanding balances of the partners’ contributions. Example.
Arabic original
تصفية شركة المساهمة. القصد منه. - المصفى. كيفية تعيينه ووظيفته. - تصفية أموال شركة المساهمة. كيفية إجراء التصفية. المشرع لم يستلزم قيداً أو شرطاً لمطالبة الشركاء بباقي حصصهم. مثال.
Original Arabic judgment citations

(الطعن ٢٦٤/٩٥ تجاري جلسة ١١/٦/١٩٩٦ 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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