• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Court hearing on Orcel’s Santander job offer set for October 20

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

By Jesús Aguado

MADRID (Reuters) -A court hearing of a case brought by Italian banker Andrea Orcel against Santander over the bank’s withdrawal of an offer to make him CEO is expected to resume on October 20, a statement from the Madrid court said on Tuesday.

Santander and Orcel ended up in the Madrid court after Spain’s largest bank dropped plans in January 2019 to make UBS investment banker Orcel its CEO after a dispute over his pay package.

Santander declined to comment, while Orcel’s legal team was not immediately available.

The proceedings were suspended in May after Orcel’s lawyer asked UBS Chairman Axel Weber and Mark Shelton, head of performance and rewards at Switzerland’s biggest bank, to testify.

Because of issues over remote testimonies, Santander asked the Madrid court judge Javier Sanchez Beltran to send a so-called rogatory commission to Switzerland, a source said at the time.

On Tuesday a source from the Madrid court said once the rogatory commission had been processed Weber and Shelton would testify remotely from Switzerland.

The hearing would resume at 1000 local time on October 20.

The source said that Santander’s general secretary Jaime Perez Renovales, who signed Orcel’s original job offer, and Roberto di Bernardini, the Spanish bank’s head of human resources at the time, would testify in person.

The case revolves around whether a four-page letter to Orcel constituted a binding contract or a non-binding initial offer.

In May, Santander boss Ana Botin defended in court the withdrawal of Orcel’s multi-million euro offer.

(Reporting by Jesús Aguado; editing by Emma Pinedo and Jane Merriman)

Source Link Court hearing on Orcel’s Santander job offer set for October 20

David Barret
David Barret

Related posts:

  1. US Health Officials Favor Covid Booster Shots To All Americans As Delta Variant Cases Rise
  2. Russian editor decries ‘destruction of media’ before election
  3. Daimler expects Mercedes Q3 sales significantly below Q2 – report
  4. Motor racing-Bottas rules out imminent announcement on his F1 future

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • A Spinning Island Lake In Argentina Looms Out Of The Swamps Like An Eyeball
  • Mammals Have Evolved Into Ant Eaters 12 Times Since The Dinosaurs Went Extinct
  • Thieving Pulsar Spinning 592 Times A Second Reveals New Understanding Of Where Its X-Rays Come From
  • The Rise And Fall (And Lamentable Rise) Of The “Alpha Male” Myth
  • IFLScience The Big Questions: How Do Black Holes Shape The Universe?
  • North America’s Smallest Turtle Is The Cutest Thing You’ll Find In A Bog
  • “Unambiguous Signal” To Curb Emissions Now: Long-Lost Aerial Photos Reveal Evolution Of Antarctic Ice Shelf Collapse
  • 8 Children Have Been Born With 3 Biological Parents Each After Mitochondrial Transfer
  • First Known Observations Of Matter-Antimatter Asymmetry In Special Particle Decay
  • In 1973, NASA Sent Two Spiders Into Space To See If They Can Spin Webs – And They Learnt A Lot
  • Meet The Many Species Of Freaky Looking “Assassin Spiders” That Only Eat Other Spiders
  • Your Dog’s TV Preferences Might Reveal Their Personality
  • Some Human Gut Bacteria Can Absorb Harmful Toxic “Forever Chemicals” So They Can Be Pooped Out
  • You Could Float Through 10 Countries Before The World’s Most International River Spat You Out
  • Enormous Coronal Hole And Beast-Like Crawling Prominences Dazzle On The Active Sun
  • Dramatic Drone Footage Of Iceland’s Latest Volcanic Eruption Shows An Epic Scene From Hell
  • A Shrimp That Lives In A Tree? Indonesia’s Cyclops Mountains Are Home To Some Seriously Strange Wildlife
  • Is NASA’s Claim That Saturn Could Float On Water Really True?
  • Pangea Proxima: This Is What Planet Earth May Look Like 250 Million Years In The Future
  • The Story Of Dogxim, The Fox-Dog Hybrid That Shouldn’t Have Existed
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version