July 18, 2024

Special Aspects of and the Procedure for Bringing the Debtor’s Manager to Subsidiary Liability in Case of Bankruptcy

Key Points

Subsidiary liability applies to debtor's managers during bankruptcy, impacting legal accountability and financial repercussions.
The article highlights specific conditions under which managers can be held liable, considering different bankruptcy laws.
Analysis of contemporary bankruptcy laws reveals notable issues affecting the enforcement of liability provisions for managers involved in insolvency procedures, complicating accountability and protections against abuse of authority in management roles after insolvency proceedings.

Abstract

The article reviews the experience of application of provisions on the subsidiary liability of the debtor’s manager in case of bankruptcy within the framework of contemporary bankruptcy laws. The author analyzes conditions for bringing the debtor’s manager to subsidiary liability in insolvency (bankruptcy) procedure. The article is aimed at identification and analysis of problems arising in the course of implementation of provisions of bankruptcy laws.

Bookmark

Cite This Study

Lyubov B. Sitdikova (Thu,) studied this question.

synapsesocial.com/papers/68e5feebb6db6435875929ea https://doi.org/https://doi.org/10.18572/1812-3929-2024-7-2-7

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

Bookmark