KCC 142/2004
Type
Case
Court
Kuwait Court of Cassation
Jurisdiction
Kuwait
Taxonomy
General Company Law & Business Entities
Copyright
LexisNexis
Decision date
6 Dec 2005
Catchwords
Final Settlement – Distribution of Net Profits
A case involved a dispute between a claimant and defendants over a final settlement.
Background
A claimant filed a case against defendants requesting that the court appoint an expert to make a final settlement between the parties and to distribute the net profits of a company between the partners.
The court rejected the case.
The claimant and first defendant appealed and the appeal court upheld the ruling.
The claimant appealed by cassation.
Decision
The court of cassation repealed the ruling and decided to refer the case to a committee of experts in the Ministry of Justice to reconsider the case documents and hear the testimonies of the disputed parties.