When several former members of Dresdner Kleinwort’s London-based management committee found themselves in dispute with the investment bank’s new owner, Commerzbank, earlier this year over unpaid severance and guaranteed bonus packages, media interest was not just confined to the UK where the legal claims were filed. Given the bank’s German HQ, the sizeable German government shareholding and that the Claimants ran global businesses within Dresdner Kleinwort with a significant German client base, the lawsuits attracted greater media attention in Germany than in the UK.
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