LIABILITY OF NOMINEE MANAGERS FOR DEBTS OF A LEGAL ENTITY

Abstract

This article is devoted to the analysis of the current situation of attraction of nominal heads to subsidiary responsibility. In judicial practice, there are more and more cases when the Director of a legal entity is a person who in reality does not have the authority to manage the company. Ultimately, this leads to the fact that the ultimate beneficiaries of the business leave it, having accumulated debts, and the nominee Director is responsible for the debts of the company. This situation is detrimental not only to the nominee managers, but also to business turnover, since the counterparties of the legal entity headed by the nominee Director do not receive counter-performance of the obligation, and therefore incur losses. In my article I will try to find a solution to this problem.

Keywords

• insolvency
• bankruptcy
• vicarious liability
• beneficiary
• figurehead director
• manager
• damages
• harm
• debtor
• beneficiary.