“The subsidiary liability of the company’s founders”, Oleg Ganyushin comments to Delovoy Peterburg
Owners and Directors will be forced to pay the debts for the entities belonging to them. The new mechanism will take advantage of creditors, including ex–employees and consumers.
Formally, the subsidiary liability of the founders of the companies were adopted in 1994 in the civil code, however it was hard to prove them guilty. The recent reform radically changed the situation.
"A new mechanism aimed at excluding the additional costs of maintaining the bankruptcy cases solely for the sake of attracting beneficiaries to vicarious liability. In the end, the cost of, say, private lender for debt collection can be only a few thousand rubles," — says the Prime Advice lawyer Oleg Ganyushin.