In 2021, the Ukrainian courts confidently rule against existing or former owners and top managers, forcing them to bear liability for the debts of their companies. Previously, such cases were investigated in Ukraine quite reluctantly, allowing the top management to avoid liability. However, that has significantly changed. The formal approach is no longer the only possible one, and there are more and more requirements for the behavior of the defendants. Experts from INTEGRITES law firm explained how to navigate through the new tendencies to be on the safe side.
During the event, we discussed:
- Reasons to look into the grounds for liability
- Fiduciary duties and commercial risk
- Financial indicators and other evidence
- Case law
- Recommendations
Speakers:
Illya Tkachuk, Partner, Head of Corporate and M&A, Compliance and Employment practices at INTEGRITES. Illya specializes in cross-border transactions. He has been actively involved in the structuring and implementation of foreign investment projects in various sectors. He also has extensive experience with start-up companies, setting up joint ventures, corporate restructuring, securities, as well as contract-related and labor matters.
Orest Tsimerman, Senior associate, Domestic Litigation, INTEGRITES. Orest Tsimerman has extensive practical experience in corporate and administrative litigation. He advises international and Ukrainian clients from various sectors of the economy, with a particular focus on banking and finance, science and technology. He has in-depth expertise in debt collection, bankruptcies, and disputes with the state.
