An article by our partners,
Georgy Daneliya and
Natalia Kozyrenko, has been published in the authoritative journal Asia Business Law Journal.
Like other modern jurisdictions, Russia recognises the concept of limited liability. A non-Russian parent company and its Russian subsidiary are separate entities not liable for each other's debts. Yet the number of cases is increasing where a Russian subsidiary picks up the bill when a parent company or another group entity is in breach of a contract with a Russian counterparty.
This article explains when Asian businesses expect a hit on their Russian assets and how they can manage the exposure.
Review the article on
asia.law