Subsidiary liability of a member of the bank board of directors for issuing "technical" loans

The author examines the issues of bringing to subsidiary liability of members of the boards of directors of credit institutions for the issuance of «technical» (obviously bad) loans on the example of the bank «Kamsky Horizon». Analyzes the circumstances imputed to the members of the board of directors of this bank, the grounds for the claims of the Deposit Insurance Agency, and the objections of the defendants, on the basis of which the court refused to satisfy the claims. Gives recommendations on how to minimize the risk of being brought to subsidiary liability for the debts of a credit institution.