Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2227

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

English translation of the principle

Official form is an essential element of a contract assigning a partner's share in a limited liability company. - Assignment of a share in a limited liability company. Its effect extends to the company, the partners and third parties from the time of entry in the company's book and in the commercial register.
Arabic original
الرسمية ركن في عقد التنازل عن حصة الشريك في الشركة ذات المسئولية المحدودة. - النزول عن الحصة في الشركة ذات المسئولية المحدودة. ينصرف أثره إلى الشركة والشركاء والغير من وقت القيد في دفتر الشركة وفي السجل التجاري.
Original Arabic judgment citations

(الطعن ٨١/١٩٩٦ تجاري جلسة ٢٥/٦/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ٢٢٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 389. PDF pages: 389.

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