Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1700

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

English translation of the principle

Transfer of interests in a limited liability company. It must be made in an official instrument and entered in the Commercial Register. Its effect: amendment of the company’s memorandum of association; enforceability of the transfer against third parties. Failure to comply with this as regards entry in the Commercial Register. Its effect. Inability to invoke the transfer against third parties. Example. Concerning a claim for income tax.
Arabic original
التنازل عن الحصص في الشركة ذات المسؤولية المحدودة. وجوب أن يكون في محرر رسمي وقيده في السجل التجاري. أثره تعديل عقد تأسيس الشركة الاحتجاج بالتنازل قبل الغير. مخالفة ذلك بالنسبة للقيد في السجل التجاري.أثره. عدم إمكان الاحتجاج بالتنازل قبل الغير. مثال. بشأن المطالبة بضريبة الدخل.
Original Arabic judgment citations

(الطعن ٣١٠/٨٩ تجاري جلسة ١/١٢/١٩٩١ مج القسم الثاني - المجلد الثالث ص ٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 297. PDF pages: 297.

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