Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1683

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. - Liquidation of the assets of a joint-stock company. How liquidation is conducted. The legislature imposed no restriction or condition on demanding that partners pay the outstanding balances of their contributions. Example.
Arabic original
تصفية شركة المساهمة. القصد منه. - 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 ٤٠)

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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