The Court of Appeal has granted Commerzbank permission to appeal against a €50m (£40m) judgment in favour of a group of former Dresdner Kleinwort bankers, who had allegedly been promised bonuses in 2008. The appeal - which will be heard next year - comes after a High Court judgment issued by Mr Justice Owen in May that the bankers' former employer, Commerzbank, had acted in breach of its contractual obligations in cutting bonuses to 104 staff after it acquired Dresdner.
November 06, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The Court of Appeal has granted Commerzbank permission to appeal against a €50m (£40m) judgment in favour of a group of former Dresdner Kleinwort bankers, who had allegedly been promised bonuses in 2008.
The appeal – which will be heard next year – comes after a High Court judgment issued by Mr Justice Owen in May that the bankers’ former employer, Commerzbank, had acted in breach of its contractual obligations in cutting bonuses to 104 staff after it acquired Dresdner.
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