Stewarts Law and Mishcon de Reya have won a high-profile battle over €50m (£40m) in unpaid bankers' bonuses, with a judgment handed down today (9 May) in favour of a group of former Dresdner Kleinwort bankers. The High Court judgment, issued by Mr Justice Owen, found that their former employer Commerzbank acted in breach of its contractual obligations in slashing bonuses to 104 staff after it acquired Dresdner.
May 09, 2012 at 09:18 AM
1 minute read
The original version of this story was published on Legalweek
Stewarts Law and Mishcon de Reya have won a high-profile battle over €50m (£40m) in unpaid bankers’ bonuses, with a judgment handed down today (9 May) in favour of a group of former Dresdner Kleinwort bankers.
The High Court judgment, issued by Mr Justice Owen, found that their former employer Commerzbank acted in breach of its contractual obligations in slashing bonuses to 104 staff after it acquired Dresdner.
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