Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1877

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

English translation of the principle

A limited liability company ceasing payment of its debts. Effect. Its bankruptcy as a legal person. Bankruptcy does not extend to its shareholders or partners. Reason for this. - Bankruptcy rules. Matters of public policy.
Arabic original
توقف الشركة ذات المسئولية المحدودة عن ديونها. أثره. إفلاسها بوصفها شخصاً معنوياً. عدم امتداد الإفلاس إلى المساهمين أو الشركاء فيها. علة ذلك. - قواعد الإفلاس. من النظام العام.
Original Arabic judgment citations

(الطعن ٥٠٧/٢٠٠٤ تجاري جلسة ١١/٣/٢٠٠٦ مج القسم الخامس - المجلد الثالث ص ٩٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 328. PDF pages: 328.

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