In the period from 2020 to 2022, the percentage of claims satisfied in bankruptcy cases for the recovery of damages from persons controlling the debtor ranged from 58.37% to 61.26%. Meanwhile, the figure for having subsidiary liability imposed was between 58.65% and 59.60%. In the context of general lawsuit proceedings, the frequency of satisfaction of claims for losses to be recovered from the manager of a company ranged from 34.14% to 41.52% of cases.
Kseniya Malmygina, an Associate in the Transactions & Corporate Law Practice at Nordic Star, understands in her article how the manager of an enterprise can protect himself from unfounded claims at different stages by developing a series of measures in advance.
Read the full article (in Russian)