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Supreme Court of Russia refused to attract the director to the subsidiary liability due to the confusion with timing

... issued prior to the initiation of the bankruptcy case. According to the court of first instance, during the disputed period, the debtor had not yet had the signs of insolvency, which in turn indicated the impossibility of bringing his director to subsidiary liability. The next two instances, on the contrary, considered the manager's arguments convincing, pointing out that ... ... the collection of a large amount of debt, and the director should had filed for bankruptcy during this period. However, the Supreme Court of Russia supported the position of the judge of the court of first instance, indicating that the obligations on ...

Modified: 09.21.2021
Supreme court of Russia , debtor , bankruptcy , court ruling , subsidiary liability , company bankruptcy
Path: РусБанкрот - СМИ

Supreme court of Russia canceled judicial acts due to legal uncertainty

The Economic Board considered the case of bringing the chairman of directors and chief accountant of the debtor-bank to subsidiary liability. The applicant's position was based on the fact that the mentioned persons had issued loans that could have ... ... knowingly irrecoverable. The court of first instance satisfied the claim, but the appeal and the district rejected it. The The Supreme court of Russia put an end to the situation. The question concerned the bankruptcy of a credit organization, whose leaders,...

Modified: 09.24.2021
Supreme court of Russia , subsidiary liability , company bankruptcy , debtor , unsecured loan , bankruptcy
Path: РусБанкрот - СМИ
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