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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 financial situation in the credit institution. The courts of three instances unanimously ...

Arbitration court of the Ural District indicated cases of bringing persons controlling debtor to subsidiary liability

... documentation to bankruptcy trustee. The panel of judges gives two examples that clearly demonstrate the proper and improper performance of duties by the head of debtor in the issue of the documents’ transfer. In the first case, the head was brought to subsidiary liability by the court, because he did not take due diligence and care. The fact is that the director of the company sent the necessary documentation, but the first part of it was destroyed by the delivery service, and the second was damaged ...

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