The trial against Banco Santander for the failed signing of the Italian bankerAndrea Orcel It has been suspended until further notice, as reported to Europa Press in legal sources. The reason could be related to close contact for coronavirus.
This Wednesday was scheduled to be held at the Court of First Instance number 46 of Madrid the trial for the frustrated signing of Orcel as CEO of Santander, for which the banker demands 112 million euros from the Spanish entity. As representative of the defendant, the president of Santander was going to attend, Ana BotÃ, While the former director of Human Resources of Santander was summoned as witnesses, Roberto di Bernardini; UBS Global Director of Compensation, Mark Shelton; the president of UBS, Axel Weber, and the general secretary and secretary of the board of Banco Santander, Jaime PÃrez Renovales.
However, this Tuesday the trial was suspended until further notice. Orcel, who has recently been appointed CEO of UniCredit, In July 2019, he formalized his legal offensive against Banco Santander by filing a lawsuit following the cancellation by the entity of his contract as CEO.
In its writing, Orcel claimed the fulfillment of the contract by Santander or, otherwise, damages for an amount close to 112 million euros, including the salary that it stopped receiving at UBS and that which could have received in Santander. For its part, Santander claims that the contract was never formalized, as the conditions to which it was subject were not met, and that it was only a letter with the conditions of the offer. To defend itself, the bank chaired by Ana BotÃn put the case in the hands of its head office, UrÃa Menandez. On his side, Orcel hired the services of the De Carlos Remón law firm.
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