Email this article The legal status of the founders (participants) in the bankruptcy case
- Authors: Sungatullina L.A.1, Kamaletdinova A.V.1
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Affiliations:
- Kazan Federal University
- Issue: Vol 9, No 2 (2025)
- Pages: 248-255
- Section: Issues of Private and Public Law
- URL: https://journal-vniispk.ru/2587-9340/article/view/295339
- DOI: https://doi.org/10.20310/2587-9340-2025-9-2-248-255
- ID: 295339
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Abstract
The formation of a holistic view of the rights, duties and responsibilities of the founders of a legal entity in insolvency (bankruptcy) relations is necessary to understand the legal nature and features of the mechanism of legal regulation of relations in the field of bankruptcy, to identify areas for improving relevant legislation. The purpose of the study is to examine the set of powers of the debtor's founders (participants) and compare them with the procedures used in bankruptcy proceedings. The analysis of the legal standing of the founders/members of the debtor company in bankruptcy proceedings is conducted. The necessary limitations on their legal standing in order to prevent unfair behavior are identified. The relationship between the set of powers of the founder/member and the goals of the particular bankruptcy process is explored. The issue of holding the founders/members liable for subsidiary liability as controlling parties of the debtor is addressed. The research methods employed include analysis, synthesis, legal modeling, legal-technical analysis, and comparative law. A conclusion is drawn regarding the connection between corporate governance models and the legal standing of a debtor entity. The peculiarities of differentiation of the status of founders during separate bankruptcy procedures are considered. The necessity of changing the bankruptcy legislation in terms of toughening the responsibility of the founders (participants) of the debtor in connection with their abuse of their rights is substantiated.
About the authors
Lilia A. Sungatullina
Kazan Federal University
Author for correspondence.
Email: lilia.sungatullina@mail.ru
ORCID iD: 0000-0002-4262-9259
Cand. Sci. (Law), Associate Professor of the Department of Business and Energy Law
Russian Federation, 18 Kremlyovskaya St., Kazan, 420008, Russian FederationAigul V. Kamaletdinova
Kazan Federal University
Email: vladi-mir-om@yandex.ru
Cand. Sci. (Law), Senior Lecturer at the Department of Business and Energy Law
Russian Federation, 18 Kremlyovskaya St., Kazan, 420008, Russian FederationReferences
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Supplementary files
Note
Author’s contribution
L.A. Sungatullina – concept development, collection and processing of normative materials, selection
of literature. A.V. Kamaletdinova – collection and processing of normative materials, selection of literature, writing – original draft preparation, preparation of the manuscript in accordance with the requirements of the Editorial Board.
