Credit Agricole Indosuez v. Rossiyskiy Kredit Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• recognizing that insolvent corporation’s officers are directors and may have fiduciary duty to existing creditors not to dissipate corporate assets
• stating that \the court will refuse the injunction if convinced that a money judgment is the true object of the action and that all else is incidental\
• “[Officers and directors of an insolvent corporation are said to hold the remaining corporate assets in trust for the benefit of its general creditors.” (emphasis added)
• “[O]nce a corporation is insolvent, corporate officers and directors owe a fiduciary duty to preserve corporate assets for the benefit of creditors.”

Source: CourtListener parenthetical corpus (CC0).