Supreme Court upholds severance pay for employees during company bankruptcy

The Supreme Court ruled that "golden parachutes" for employees are legal even when a company goes bankrupt. This decision means employees are still entitled to severance pay and compensation upon termination, even if their employer faces bankruptcy proceedings. The court reviewed a case involving a former Oracle Russia employee. The ruling clarifies that such payments are valid unless proven to be excessively high or if the employee is demonstrably affiliated with company owners, upholding labor guarantees.