Press review: Russia takes center stage in US media and curbing the ruble in DavosPress Review January 20, 13:00
Presidential homes around the worldWorld January 20, 12:53
Scientists uncover links between perfectionism and sleep disordersScience & Space January 20, 12:37
Russia expects India, Pakistan to complete process of joining SCO in JuneRussian Politics & Diplomacy January 20, 12:32
Putin offers condolences to Italian prime minister over deadly avalancheRussian Politics & Diplomacy January 20, 12:07
IS terrirists destroy part of Roman theater in Palmyra — mediaWorld January 20, 11:43
Scientists use computer modelling of protein to cure epilepsy and heart diseaseScience & Space January 20, 11:22
Russian economy minister expects no sharp ruble’s fluctuations similar to 2014Business & Economy January 20, 11:11
Russian top diplomat notes progress in settling Syrian crisisRussian Politics & Diplomacy January 20, 10:35
MOSCOW, November 21 (Itar-Tass) — The Moscow Meshchansky Destrict court has turned down a lawsuit filed by ex- chief of Bank of Moscow Andrei Borodin who applied for a compensation worth five million dollars for early termination of his contract, Borodin's lawyer Mikhail Dolomanov told Itar-Tass.
The court has turned down the lawsuit; the court resolution has no legal basis behind because it contravenes the law and the norms of the Labor Code specified by the Constitutional Court; therefore, we will appeal the court resolution at the Moscow City Court, the lawyer said.
The Russian Labor Code envisages that a head of any joint stock society might be fired by its Board without explaining the reasons, but the tough norm is compensated by a mandatory compensation to the former head dismissed. The compensation is to be paid no later than the resignation date, the lawyer said.
"The Meshchansky district court has overruled legal guarantees due to Mr. Borodin as well as heads of all organizations to which they are entitled in equal measure, declaring Borodin is not entitled to a compensation for terminating his contract ahead of term," the lawyer said.
A criminal case against ex-president of Bank of Moscow Andrei Borodin and his former first deputy Dmitry Akulinin was opened in the end of 2010. Both were accused of fraud and put on an international wanted list.