Yulia Shilova | A commentary for Pravo.ru: Subsidiary liability for a lawyer: how to avoid it

Lawyers who help a debtor's management develop schemes for withdrawal of property should realize that they themselves can be brought to subsidiary liability. In-house lawyers, who play the role of advisors in companies and work out decisions on corporate governance, face similar risks.

Especially since the current legislation imposes no liability for filing unjustified claims. Therefore it is common practice to sue everyone who somehow interacted with the debtor in the pre-bankruptcy period, says Yulia Shilova, head of ART DE LEX bankruptcy group.

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