Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1696

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

English translation of the principle

Termination and liquidation of limited liability companies. Their completion under the same rules and grounds prescribed for the termination and liquidation of joint-stock companies. The impossibility of understanding between the partners as a result of entrenched disagreement between them, or mismanagement of the company in a manner causing it continuous losses. A judgment dissolving and liquidating the company may be rendered at the request of one of the partners. This right belongs to the partners other than the partner at fault. The reason for this. - Assessment of a request to dissolve the company and of the gravity of the grounds justifying a judgment to that effect. Within the trial court’s authority. The condition for this. - 296 - Commercial The commercial register of companies:-
Arabic original
انقضاءالشركات ذات المسئولية المحدودة وتصفيتها. تمامه بذات القواعد والأسباب المقررة لانقضاء الشركات المساهمة وتصفيتها. استحالة التفاهم بين الشركاء نتيجة استحكام الخلاف بينهم أو إساءة إدارة الشركة على نحو يؤدي إلى إلحاق الخسائر بها بصفة مستمرة. جواز الحكم بحل الشركة وتصفيتها بناء على طلب أحد الشركاء. قيام هذا الحق للشركاء دون الشريك المخىء. علة ذلك. - تقدير طلب حل الشركة وخطورة الأسباب المسوغة للحكم به. من سلطة محكمة الموضوع. شرط ذلك. - ٢٩٦ - تجاري السجل التجاري للشركات:-
Original Arabic judgment citations

(الطعنان ٢٢١، ٢٢١/٢٠٠٤ تجاري جلسة ٣٠/٤/٢٠٠٥ مج القسم الخامس - المجلد الثامن ص ١٣٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 296. PDF pages: 296.

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