Court of Appeal rejects challenge in €52m Commerzbank bonuses case
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.
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.
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