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

... transactions that ruined the bank, and had not taken measures to improve financial situation in the credit institution. The courts of three instances unanimously upheld the applicant's position and satisfied the claim. Then the defendant applied to the Supreme Court of Russia, where he was supported. The Economic Board listened to the arguments of the initiator of the complaint, who stated that the transactions he had approved did not harm the bank. In one of them, where a multimillion-dollar loan was ...

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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