Kuwait Court of Cassation principle number 1763

An unqualified general provision. It may not be particularized or restricted. The reason therefor. - Article 104 of the Companies Law makes no distinction between installments representing the nominal value of shares and those representing the value of the issue premium when they are sold at public auction or on the stock exchange. Its effect. Their sale at public - 306 - Commercial auction to recover installments of their value. No violation of the law, and compensation may not be claimed therefor.