Kuwait Court of Cassation principle number 3088

Grounds for termination of a joint-stock company and the rules for its liquidation. Their application to a limited liability company. A partner's right to seek judicial dissolution of the company. Its justifications. This right's connection with public policy. The effect thereof. It may not be suspended or disabled by a provision in the contract. A partner who defaults in performing his obligations or a partner at fault may not seek dissolution of the company. The rationale therefor. The manner of liquidating the company. - The company's retention of its legal personality during liquidation. The effect thereof. Permissibility of suing the liquidator for performance of its obligations towards its creditors.