Persons Controlling the Debtor And Grounds for Bringing Them to Subsidiary Liability

Subsidiary liability plays an important role in protecting the rights of creditors, becoming active when the main debtor is unable to satisfy its obligations. The protection of creditors' rights and maintaining order in civil circulation are unthinkable without proper regulation of subsidiary liability. This institution is aimed at guaranteeing responsible management of legal entities, based on the basic management principles. The issue of a balanced consideration of the interests of creditors and debtors remains one of the main problems in the context of subsidiary liability, since there is no consolidated regulatory approach and unified theoretical understanding of this issue.