Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1770

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

English translation of the principle

Al Ahli Bank of Kuwait. Authorization of its board of directors to determine the manner of subscription for shares in its capital increase and everything relating to implementation of that subscription. Its actions in this regard do not contravene the law.
Arabic original
البنك الأهلي الكويتي. تفويض مجلس إدارته في تحديد كيفية الاكتتاب في أسهم زيادة رأس ماله وفي كل ما يتعلق بتنفيذ هذا الاكتتاب. لا مخالفة لما يقوم به في هذا الشأن للقانون.
Original Arabic judgment citations

(الطعن ٢٥٣/٢٠٠٢ تجاري جلسة ٢/١٢/٢٠٠٢ مج القسم الخامس - المجلد الثاني ص ٦٠٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 308. PDF pages: 308.

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