Sergei Bakeshin told Novy Prospect about the new ground for subsidiary liability

At the end of May 2021, the Constitutional Court of the Russian Federation widened the scope for subsidiary liability of persons controlling a debtor. In particular, the Court allowed individual creditors to recover debts from managers and beneficiary  
of companies administratively excluded by the tax authority from the Unified State Register of Legal Entities as inactive.

Sergei Bakeshin, Head of Dispute Resolution and Insolvency Practice at Maxima Legal, told Novy Prospect online publication about the essence of the new mechanism, the necessary conditions for its application and its possible impact on the bankruptcy field.

To read the full article (in Russian), please see Novy Prospect website >>>