Kuwait Court of Cassation principle number 423

Refusal to pay. Causes loss of eligibility for nomination to membership of banks' boards of directors. No requirement that the refusal indicate genuine inability and a disturbed financial position as justification for loss of eligibility. Restricting the refusal to a specified time span or confining it to a particular period. Impermissible. Reason therefor. Article 39 of the Companies Law, 68 of Law 32 of 1968.