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

... did not have the opportunity to understand the financial difficulties of the bank in detail and take appropriate measures. The Supreme Court of Russia came to the conclusion that the lower authorities brought an individual to subsidiary liability based only on the fact that he was one of the persons controlling the debtor. The Economic Board noted the inadmissibility of such a method, explaining that banks have a complex management structure, and the courts should check the decisions taken by their controlling persons in detail. Now the application for attraction to subsidiary ...

Modified: 12.17.2021
Supreme Court of Russia , court , the person controlling the debtor , subsidiary liability , bankruptcy , subsidiary
Path: РусБанкрот - СМИ
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