Russia: New Rules Broaden Liability in Bankruptcy Cases

Russia’s bankruptcy law (the Law) has been amended to expand the list of persons who may be held vicariously liable for a bankrupt’s debts and clarify the grounds for such liability.

Definition of controlling person clarified

Filed under:
Russia, Company & Commercial, Insolvency & Restructuring, Litigation, Baker McKenzie, Bankruptcy, Vicarious liability
Authors:
Edward Bekeschenko , Pavel Novikov
Location:
Russia
Firm:
Baker McKenzie
New Rules Broaden Liability in Bankruptcy Cases

Russia's bankruptcy law (the Law) has been amended to expand the list of persons who may be held vicariously liable for a bankrupt's debts and clarify the grounds for such liability.1

Definition of controlling person clarified

Filed under:
Russia, Insolvency & Restructuring, Baker McKenzie, Bankruptcy, Vicarious liability
Authors:
Edward Bekeschenko , Maxim Kalinin
Location:
Russia
Firm:
Baker McKenzie