Civil Division Of The Court Of Cassation Rejected Request
Category: Crime News
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The Civil Division of the Court of Cassation rejected request for suspension of execution of the verdict issued by the Court of Appeals to nullify the invitation for convening the board of directors of Educational Holding Group on July 5, 2015 for a meeting and nullify all the decisions that were taken during that meeting such as removal of Sulaiman Al-Waqyan from his position as the board chairman. The Court of Appeals had previously cancelled the verdict issued by the Court of First Instance over the case filed by Lawyer Hashim Al- Rifai on behalf of Al-Waqyan in a dispute with Yousef Al Awadhi, Arif Al-Yasin and the Undersecretary of the Ministry of Commerce. The court instead ordered to nullify the convention of the board of directors of the company for the meeting in addition to all the decisions taken during that meeting, considering it as a “non-event”. Through the case, Al-Waqyan had demanded stopping the execution of the decision taken by the board of directors of the company to remove him from chairmanship of the board and he also demanded invalidation of the invitation to convene the meeting and the results of that meeting.

 

SOURCE : ARABTIMES

22 Nov, 2016 0 119
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