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Kachkin & Partners Successful for Former JSC Mostostroy No. 6 CEO in Subsidiary Liability Dispute

Kachkin & Partners Successful for Former JSC Mostostroy No. 6 CEO in Subsidiary Liability Dispute

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Kachkin & Partners has successfully represented Anton Vladimirovich Novikov, a former top manager and a JSC Mostostroy No. 6 board of directors member, in a dispute valued at RUB 7 billion.

According to Kachkin & Partners, JSC Mostostroy No. 6 was declared bankrupt in March 2016, and the firm represented Novikov's interests in a dispute concerning the imposition of subsidiary responsibility. According to the firm, “14 senior managers of the company were claimed as defendants together with Anton Novikov, [and] our client was accused of executing transactions that creditors and the insolvency representative considered unprofitable, as well as of refusing to initiate bankruptcy proceedings.”

In May 2019, Kachkin & Partners successfully argued that the appellate court's decision imposing subsidiary responsibility should be overturned, and the case was remanded for further consideration. According to the firm, "in addition to the request of subsidiary responsibility imposition, the Court requested restitution in the sum of more than RUB 1 billion to our client and another former top manager and the liquidator." Finally, according to the firm, "As a result, on January 25, 2021, more than a year and a half after the case was returned from the court of cassation, the Arbitration Court of the Moscow Region completed the trial and refused to bring Mr. Novikov to responsibility.”

Kachkin & Partners’ team included Partner Kirill Saskov and Attorney Alexandra Ulezko.