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Supreme Court of Russia indicated on what grounds it is impossible to impose subsidiary liability

... In addition, the defendant noted that he had served as chairman of the bank for a total of five working days, so he simply did not have the opportunity to understand the financial difficulties of the bank in detail and take appropriate measures. The Supreme Court of Russia came to the conclusion that the lower authorities brought an individual to subsidiary liability based only on the fact that he was one of the persons controlling the debtor. The Economic Board noted the inadmissibility of such a method, explaining that banks have a complex management structure, and the courts should check the ...

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