cover_20201106

2020-11-06

【Wealth Succession】

RUSSIA: Companies held liable for third party’s illegal payments

The Supreme Court of the Russian Federation has ruled that a company can be liable for illegal remuneration paid by a third party with whom it has no formal legal relationship, if its officers either knew about or approved or ordered the third party‘s actions, and if the company has an ‘economic or other material interest’ in the third party’s conduct.


News Source:【Global Compliance News 2020/08/25】

  Back to News