Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 667

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Shares and securities of companies. Regulation of their trading relates to public order. Contravention thereof. Its effect. The transaction is absolutely void. Example.
Arabic original
الأسهم والأوراق المالية الخاصة بالشركات. تنظيم تداولها متعلق بالنظام العام. مخالفة ذلك. أثره. بطلان التصرف بطلاناً مطلقاً. مثال.
Original Arabic judgment citations

(الطعن ٢٩/١٩٨٧ تجاري جلسة ١٢/٦/١٩٨٨ مج القسم الثاني - المجلد الأول ص ٦٢٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 128. PDF pages: 128.

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