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KK&P Defends RBC PJSC from "Unreasonable Subsidiary Liability"

KK&P Defends RBC PJSC from "Unreasonable Subsidiary Liability"

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A team from Moscow's Kulkov, Kolotilov and Partners has successfully assisted RBC PJSC avoid what it calls "unjustified subsidiary responsibility" in a bankruptcy case in the Moscow Arbitration Court.

According to the firm, the Court "agreed with the position of RBC PJSC that the plaintiff did not bear the burden on any of the elements of the subject of proof; correctly applied the 'old' version of Art. 10 of the Bankruptcy Law (as the plaintiff tried to impute the Respondent with actions allegedly committed prior to the introduction of Chapter III.2 of the Bankruptcy Law), despite the claimant’s submission after July 1, 2017; [and] recognized the arguments of the claimant to transfer the business (RBK Money payment system) from the debtor (formerly a subsidiary of PJSC RBC) to another former subsidiary of PJSC RBC."

The KK&P consisted of Partner Nikolay Pokryshkin and Senior Lawyer Artyom Antonov.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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