Issues of Subsidiary Liability Insurance for Controlling Debtors in Bankruptcy Cases

The article examines the problematic aspects of subsidiary liability insurance for persons who control the debtor in difficult economic conditions. The legal grounds and possibilities of applying insurance principles in the institution of subsidiary liability in bankruptcy are analyzed. Such categories of civil law as entrepreneurial risk and guilt are considered in the context of subsidiary liability insurance. It is noted that regulatory uncertainty, limited insurance market and lack of incentives for policyholders hinder the development of the insurance market for this type of liability. Conclusion is made about the special role of the insurance contract of persons controlling the debtor as a tool for their protection when considering relevant separate disputes in the context of the latest trends in judicial practice, as well as a means of strengthening trust between participants in civil turnover and corporate relations.