A former ceo was exempted from subsidiary responsibility
June 06, 2019

The provisions of Chapter 3.2 of the Federal Law "On Insolvency (Bankruptcy)" give persons involved in an insolvency (bankruptcy) case the right to submit an application to bring the former CEO to secondary responsibility.

In a bankruptcy procedure, one of the debtor's creditors filed an application with the arbitration court to bring the former debtor's executive to secondary responsibility.

The integrated approach proposed by the law office "ZASCHITA" in the formation of the evidence base, as well as the results of the analysis of the debtor's financial condition and the conclusion about the presence (absence) of signs of fictitious or deliberate bankruptcy, allowed to prove such an application groundless.


Rizvan Fazdalov