Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 264

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

English translation of the principle

Prohibition on a non-Kuwaiti engaging in commerce and conducting commercial activities except with a Kuwaiti partner or partners holding at least (51%) of the total capital. Contravention of this. It entails nullity. An example in which this nullity does not arise.
Arabic original
حظر اشتغال غير الكويتي بالتجارة وممارسة الأعمال التجارية إلا مع شريك أو شركاء كويتيين يكون لهم (٥١%) على الأقل من مجموع رأس المال. مخالفة ذلك. يترتب عليه البطلان. مثال لا يتحقق فيه هذا البطلان.
Original Arabic judgment citations

(الطعن ٦٤٦/١٩٩٩ تجاري جلسة ١٩/٣/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٣٢٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 54. PDF pages: 54.

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