Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1778

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

English translation of the principle

Joint-stock companies that do not offer their shares for public subscription. Their incorporation must be by an instrument issued by all founders. Article 94 of the Companies Law. Example concerning transformation of a company from one legal entity into another.
Arabic original
الشركات المساهمة التي لا تطرح أسهمها في اكتتاب عام. وجوب أن يكون تأسيسها بمحرر صادر عن جميع المؤسسين. م ٩٤ ق الشركات. مثال بشأن تحول الشركة من كيان قانوني إلى آخر.
Original Arabic judgment citations

(الطعن ٥٤٧/٢٠٠٣ تجاري جلسة ١٢/٦/٢٠٠٤ مج القسم الخامس - المجلد الثاني ص ٦٠٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 309. PDF pages: 309.

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