Kuwait Court of Cassation principle number 2776

The right of a shareholder member in joint-stock companies to bring an action for nullity of any resolution adopted by the general meeting. The condition thereof. That the resolution contravene the law, public policy, or the company's memorandum or articles of association. - The extraordinary general meeting of joint-stock companies. Its jurisdiction. Amendment of the company's memorandum and articles of association. - The right of shareholder members in a joint-stock company to challenge resolutions of the extraordinary meeting before the competent court. The condition thereof. - Failure by shareholder members in the company to object within the specified period. Its effect. The resolution of the extraordinary general meeting is deemed valid and binding on the company and its shareholders. An example. - Indivisibility of nullity:-