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THE SUPREME COURT OF RUSSIA CLARIFIED THE FEATURES OF BRINGING A HEAD OF COMPANY TO SUBSIDIARY LIABILITY

The bankruptcy trustee of the debtor demanded in court that the former head of the bankrupt company should be brought to subsidiary liability. The reason was the failure to file a bankruptcy petition in court in a situation of growing debts. The lower courts agreed with this, pointing out that the ...

Modified: 06.24.2021
bankruptcy , Supreme Court , court ruling , subsidiary liability , subsidiary , court
Path: РусБанкрот - СМИ

THE SUPREME COURT OF RUSSIA: THE DEBTOR HAS A RIGHT TO BANKRUPTCY EVEN IF HE IS GUILTY OF CRIME

... intended to unjustifiably avoid financial responsibility. Considering the complaint of a failed bankrupt debtor, the Supreme Court concluded that at the stage of filing an application, the arguments voiced by colleagues should not have been considered,... ... should be resolved in the process of considering a bankruptcy case, but not at the stage of making a decision on its initiation (court ruling of May 18, 2021 No. 301-ES20-19192).

Modified: 06.18.2021
Supreme Court , court ruling , bankruptcy , damage , court , gambling
Path: РусБанкрот - СМИ
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