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The RF Federal Tax Service prepared recommendations on defining beneficiaries of debtor companies

DATE: September 4, 2017 | AUTHOR: atlawyers

Beneficiaries can be recognized as controlling persons of a company and brought to subsidiary liability to creditors. The person is treated as controlling one if gains any benefit, i.e. favorable consequences in tangible or intangible form from illegal actions of the nominal director. One of the cases of subsidiary liability is carrying out a transaction by the controlling person that has caused significant damage to creditors’ rights in the amount of 20-25% of the book value of assets.

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