Smolny to be liable for the bankrupt Metrostroy

“Rosselkhoznadzor” (Federal Service for Veterinary and Phytosanitary Supervision) offered Smolny to pay for the bankruptcy of “Metrostroy” under the subsidiary liability. There is an opinion that earlier the bank could have secured the arrest of Sergei Kharlashkin, whom the St. Petersburg authorities appointed as the head of “Metrostroy” right before its collapse. Lawyers do not rule out that the case may become a precedent.

Karina Sidorova, Head of Crisis Management and Bankruptcy Practice, commented on the case:

“The amount claimed is not specified. The amount of subsidiary liability is equal to the amount of outstanding claims included in the register of creditors' claims. The liability is and several, that is, the court will recover the amount of outstanding claims on the register from each of the co-defendants. At the same time, the court may hold any of the defendants liable in the in the amount of the losses caused, if it considers that illegal actions, although they caused harm to the debtor, did not become a necessary cause of the debtor's bankruptcy."