Santander ready to fight legal battle against Andrea Orcel's €100m lawsuit

Eugenia Jiménez
clock • 2 min read

Spanish lender Santander has said it is ready to fight in court a lawsuit brought by Italian banker Andrea Orcel after the bank withdrew an offer to make him chief executive officer. Orcel launched earlier this month a €100m lawsuit against Santander alleging that the Spanish lender had breached his contract, while demanding the company to hire him as CEO or paying damages totalling €100m. According to Reuters, Santander was given then about 20 days to respond to the lawsuit filed by Orcel in a court in Madrid. Orcel's claims are based on a four-page letter in which the bank formal...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


More on Multi-asset