Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2792

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

English translation of the principle

The provisions contained in Law 42 of 1984 concerning overlooking the invalidity of transactions in shares of joint-stock companies carried out in contravention of Articles 106/1, 109 of Law No. 15 of 1961 are matters of public policy. Courts may, of their own motion, rule that actions for invalidity of these transactions have terminated.
Arabic original
الأحكام الواردة بالقانون ٤٢ لسنة ١٩٨٤ والخاصة بالتجاوز عن بطلان المعاملات في أسهم الشركاتالمساهمةالتيتمتبالمخالفة للمادتين١٠٦/١،١٠٩منالقانونرقم١٥لسنة١٩٦١ من النظام العام. للمحاكم أن تقضي من تلقاء نفسها بانتهاء دعاوى بطلان هذه المعاملات.
Original Arabic judgment citations

(الطعن ١١٤/٨٤ تجاري جلسة ٢/١/١٩٨٥ مج القسم الأول - المجلد الأول ص ٣٥٦)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 478. PDF pages: 478.

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