Kuwait Court of Cassation principle number 315

A shareholder in a joint-stock company. His right is of the nature of a property right. He may pay one fifth of the price of the shares upon - 65 - Commercial subscription for them and pay the remainder within five years from the date of the incorporation decree. By virtue of statutory representation of him, the company has the right to sell his shares if he delays paying the remaining value of the shares, after giving him notice and without being bound to follow judicial compulsory enforcement procedures, in order to recover the price, interest and expenses, and it returns to him the remainder of the sale proceeds. - Sale of commercial premises (sale of a business):-