Kuwait Court of Cassation principle number 302

Engaging in commerce is prohibited for a non-Kuwaiti unless he has a Kuwaiti partner or Kuwaiti partners whose capital is not less than 51%. Article 23/1 of the Commercial Law. - The Economic Agreement between the Gulf Cooperation Council states, approved by the State of Kuwait pursuant to Law 5 of 2003 and effective from the date of its publication in the Official Gazette on 24/2/2003. Its implication. Nationals of the Council are to receive equal treatment in the economic sphere in any member state without differentiation or discrimination. The effect of this. Priority is given to applying the provisions of this Agreement where they conflict with the domestic laws and regulations of member states. - Commercial activity consisting of the conclusion of a lease between a Kuwaiti and a national of a Gulf Cooperation Council state after the effective date of the Economic Agreement. The provisions of Article 23 of the Commercial Law do not apply to it. Its effect. No nullity.