Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 249

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

English translation of the principle

A joint-stock company of either type. Of whom it is composed, how it is incorporated and publicized, and when it acquires juridical personality. - Incorporation of public or closed joint-stock companies. Commercial acts. When this is absent. Its effect. The founders' joint and several obligation to return the subscribed amounts to those wishing to subscribe.
Arabic original
شركة المساهمة بنوعيها. ممن تتألف وكيف يتم تأسيسها وشهرها ومتى تكتسب الشخصية المعنوية. - تأسيس الشركات المساهمة المفتوحة أو المقفلة. أعمال تجارية. متى ينتفى ذلك. أثره. التزام المؤسسين متضامنيين برد المبالغ المكتتب بها إلى راغبي الاكتتاب.
Original Arabic judgment citations

(الطعن ٤١٦/٩٨ تجاري جلسة ١/٣/١٩٩٩ مج القسم الرابع - المجلد الثاني ص ٣١٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 52. PDF pages: 52.

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