Kuwait Court of Cassation principle number 3697
State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
Acts relating to the formation of companies and the sale or purchase of their shares and bonds. Commercial acts. Art. 5, Commercial Code. - Persons jointly obligated for a commercial debt. Jointly and severally liable for it. Art. 97, Commercial Code. - Ordering the judgment debtors to pay costs jointly and severally. Its condition: they are jointly and severally liable for the underlying obligation adjudged against them. Art. 119, Code of Procedure. Example.. - 624 - Commercial - The bankrupt’s assets secure his debts:-
Arabic original
الأعمال المتعلقة بتأسيس الشركات وبيع أو شراء أسهمها وسنداتها. أعمال تجارية. م ٥ ق التجارة. - الملتزمون معاً بدين تجاري. متضامنون فيه. م ٩٧ ق التجارة. - الزام المحكوم عليهم بالتضامن بالمصروفات. شرطه: أن يكونوا متضامنين في أصل التزامهم المقضي به. م ١١٩ ق مرافعات. مثال.. - ٦٢٤ - تجاري - أموال المفلس ضامنة لما عليه من ديون:-Original Arabic judgment citations
(الطعن ٣٩٣/٢٠٠٤ تجاري جلسة ٢٥/١٢/٢٠٠٤ مج القسم الخامس - المجلد السابع ص ٥٢١)
Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 624. PDF pages: 624.
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