Kuwait Court of Cassation principle number 2594

Conversion of a limited liability company into another company. Its completion. In accordance with the provisions and procedures followed for amending the company's memorandum and articles of association. The necessary consequence thereof. Adoption of a resolution to that effect by a numerical majority of the partners holding three quarters of the capital, and application of the provisions of the company's memorandum that differ therefrom, as it constitutes the law of the contracting parties. - Appointment of one or more managers to manage a limited liability company. Its completion. Pursuant to the memorandum of incorporation - 445 - Commercial of the company. Where the memorandum contains no such provision. The general meeting of partners appoints them.