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Commerzbank gets green light for Dresdner Kleinwort bonus appeal

UK appeals court allows German bank to challenge earlier order to pay €52m in unpaid bonuses to former Dresdner bankers

Commerzbank has been given the green light to appeal a High Court order to pay 104 ex-Dresdner Kleinwort bankers €52m in unpaid bonuses.

The Court of Appeal, which had the right to uphold an earlier court decision in favour of the employees or to allow the German lender to appeal it, delivered its verdict this morning in a hearing at the Royal Courts of Justice in London.

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