LIABILITY OF GENERAL DIRECTORS FOR LOSSES DUE TO INSTRUCTIONS FROM THE MANAGEMENT BODIES AND RECOMMENDATIONS OF THE SUBORDINATES

marketude Corporate and Commercial, Igor Brazhevsky, Publications, Russia, Russia Express

The current formal approach – which is based on par. 7 of the Resolution of the Plenum of the Higher Commercial Court dated 30.07.2013 No. 62, as confirmed by the Judicial review approved by the Presidium of the Higher Court dated 25.12.2019 – states that approval by the shareholders/board of Directors does not constitute, by itself, a ground for exemption from liability of the General Director…

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