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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,...

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