Abstract
Russian legislation provides for certain types of management (and/or founders-of-legal-entities’) liability for deliberate insolvency. Issues of administrative and criminal liability by founders and management have become real problems. It is impossible for a company’s management to ignore the possibility of administrative or criminal prosecution. Yet company management and founders who often consider themselves as being safe have a not liability that is very real. This article sets out the main provisions relating to companies before examining civil liability for deliberate insolvency and describing the provisions relating to administrative and criminal liability.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
