Liability of a company's officers | White & Case LLP International Law Firm, Global Law Practice
Liability of a company's officers

Liability of a company's officers

On 30 July 2013 the Plenary Session of the Supreme Commercial Court of the Russian Federation adopted Resolution No. 62 "On Certain Matters of Indemnification of Damages by Members of a Company's Governing Bodies."

In this Resolution of the Plenary Session, the Supreme Commercial Court summarized a number of positions regarding indemnification of damages by a company's managers taken in earlier commercial court decisions, and set out a number of rules that had not previously been established by the SCC.

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