Kuwait: The Evasion of Liabilities — A Limited Liability Subsidiary Controlled by a Holding Company

DOIhttps://doi.org/10.1108/eb025791
Published date01 January 1997
Date01 January 1997
Pages261-263
AuthorAhmed Al‐Melhem
Subject MatterAccounting & finance
Journal of Financial Crime Vol. 4 No. 3 International
Kuwait: The Evasion of Liabilities A Limited
Liability Subsidiary Controlled by a Holding
Company
Ahmed Al-Melhem
A limited liability company (LLC) plays an
important role in the commercial activities in
Kuwait. The majority of companies in Kuwait
takes the form of
a
limited liability. This is due to
a number of reasons, namely smallness of the
invested capital,1 its suitability to a middle-size
enterprise and the limited liability of the partners.2
The LLC was confined to at least two special pro-
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