The Court of Appeal has upheld a €52m (£44m) judgment handed down last year in a case involving 104 Commerzbank employees who argued they had been promised bonuses in 2008. Commerzbank was granted an appeal in November against the €52m award in relation to bonuses to a London-based group of former Dresdner Kleinwort bankers, arguing the promise to pay was not binding in law.
April 26, 2013 at 08:37 AM
1 minute read
The original version of this story was published on Legalweek
The Court of Appeal has upheld a €52m (£44m) judgment handed down last year in a case involving 104 Commerzbank employees who argued they had been promised bonuses in 2008.
Commerzbank was granted an appeal in November against the €52m award in relation to bonuses to a London-based group of former Dresdner Kleinwort bankers, arguing the promise to pay was not binding in law.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
