“Bringing to bankruptcy: new approaches to subsidiary liability”
Recently, a rather diverse practice has been formed in bringing to subsidiary liability in the event of bankruptcy, and we can already formulate some conclusions from this practice. However, in a recent case, the Supreme Court supplemented existing approaches with new ones. Alexandra Ulezko, Head of Kachkin & Partners Bankruptcy Group, and Anna Vasilyeva, Corporate and Dispute Resolution Associate at Kachkin & Partners, examine them while analyzing this case (bankruptcy case of “Business Systems Management”, LLC, determination of the Judicial Collegium for economic disputes of the Supreme Court of the Russian Federation dated 30.09.2019 No. 305-ES19-10079, subsidiary liability of Sklyarova I. V.).
- Legal support for the business pursuits of the largest enterprise in the CIS engaged in the research, development and production of industrial- and scientific-purpose X-ray equipment on the issue of agreement performance in connection with the counterpart
- Representing the interests of a major importer of fish and seafood in a dispute with a bankrupt company seeking to have a deal declared void
- Protecting the interests of an architectural-design bureau during its contractor’s bankruptcy process
- Legal support for a client during a debtor’s bankruptcy procedure and the recovery of accumulated debt
- Holding a bankrupt company’s general director to subsidiary liability for more than 12 mln rubles