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Supreme Court of Russia indicated the case of abolition of subsidiary liability

... appeal into account and upheld the decision of the court of first instance. When considering the case, the Economic Board of the Supreme Court of Russia supported the position of the court of appeal. The trio of judges noted that there was a corporate dispute between a former member of the company and its current leader. In such a situation, the subsidiary liability of the latter could not become an instrument in the hands of the creditor. Consequently, the bringing of the head of debtor to subsidiary liability was not justified, and the decisions made by ...

Modified: 04.13.2022
Supreme Court of Russia , subsidiary liability , company bankruptcy , debtor , creditor
Path: РусБанкрот - СМИ

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

... 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... ... 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... ... bankruptcy were terminated due to the absence of a bankruptcy trustee. Then one of the creditors made another attempt to initiate an insolvency case. This time, another manager...

Modified: 09.03.2021
Supreme Court of Russia , definition , subsidiary liability , identity , company bankruptcy , debtor , creditor , bankruptcy
Path: РусБанкрот - СМИ
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