The star banker is pursuing several attempts to get Santander to make up for firing him as CEO before he had a chance to take the job. One of the avenues foundered in Spanish court.
A Madrid court declined to hear a case brought by Andrea Orcel, who ran UBS' investment bank until 2018, according to a report on Tuesday by Spanish news agency «EFE» (in Spanish). This represents one of two courses the high-profile Italian dealmaker, is pursuing against Santander, which last year reneged on a job offer Orcel had left UBS for.
The case is in addition to Orcel's main civil case, in which he is seeking 112 million euros ($132 million) in damages. The most recent ruling was to hear Orcel's claim that Santander had tampered with evidence after the 57-year-old banker lost the job.
