KCC 751/2017
This case involved whether an individual should have been prevented from being a partner in a company. It was claimed they should of been as they had been involved in money laundering. This was not the case they had been found guilty of failing to comply with obligations under money laundering legislation.
Background
Two claimants filed a case against a defendant before the court. They requested the court to dismiss the defendant’s decision by which the first claimant had been denied being a partner in a company (which was the second claimant).
The court dismissed the case.
The claimants appealed the ruling before the court of appeal. The court dismissed the appealed ruling and ruled that the defendant’s decision should be dismissed.
The defendant appealed the ruling before the court of cassation. The defendant said in its grounds of appeal that the ruling had erred in the application of law. The defendant said that they made the mentioned decision because the first defendant had been involved in money laundering.