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Supreme Court of Russia pointed to the dual responsibility of a person controlling debtor as a surety

The highest court considered the case on bringing the person controlling debtor to subsidiary liability. The issue caused legal uncertainty among colleagues at lower levels, but the Supreme Court of Russia explained how to handle such cases. The legal situation was that the same individual was both the controlling person of the debtor (CPD) and the guarantor for a number of loan agreements concluded by the debtor with the bank. Due to the fact that the money was not returned within the framework...

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