Kuwait Court of Cassation principle number 1692

A limited liability company. Its dissolution and liquidation of its assets in accordance with the same rules and grounds prescribed for the dissolution and liquidation of joint-stock companies, in addition to the case of its losing half or three quarters of its capital. The matter of dissolution in the first case—submission to the general assembly of partners; dissolution requires the approval of a numerical majority of those holding three quarters of the capital. In the second case, holders of one quarter of the capital may obtain judicial dissolution of the company without submitting the matter to the general assembly of companies. - Dissolution of the company. Its effect. Liquidation of its assets and their division among the partners in the manner specified in the memorandum of association or the company's articles. Absence of a provision in this regard. Its effect. Following the provisions of Law 15 of 1960. - The partners' failure to agree on a liquidator. Its effect. The court appoints him at the request of one of them.