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

The highest court of Russia considered the case on bringing one of the persons controlling the debtor-bank to subsidiary liability. The bankruptcy trustee insisted that the defendant had approved transactions that ruined the bank, and had not taken measures to improve ... ... courts of three instances unanimously upheld the applicant's position and satisfied the claim. Then the defendant applied to the Supreme Court of Russia, where he was supported. The Economic Board listened to the arguments of the initiator of the complaint,...

Supreme Court of Russia terminated an attempt to re-impose secondary liability on the head of debtor

... instance terminated the proceedings, but the appeal and the district court sent the case for reconsideration, with which the Supreme Court of Russia did not agree with such a decision. The Economic Board pointed out that it was not possible to re-consider the claim. The fact is that there were two claims for the debtor's bankruptcy and, as a consequence, for the subsidiary liability of the persons controlling him. In the first case, the court rejected the claims of the manager, citing the ...

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