David Kahn, the former managing director of Dunlop Haywards, is to continue his battle for a £500,000 bonus from the company, despite its collapse.
Kahn, who has already received a £325,000 interim payment from DH was this week given the go-ahead to pursue the company for the remaining £175,000 that he claims he is owed.
Earlier this month, Cheshire Building Society ordered the company to be wound-up over its failure to pay a £10m interim payment in unconnected proceedings.
DH’s parent company, Erinaceous, collapsed into administration last month.
Under insolvency legislation, the high court must grant permission for a case to proceed against a party that is subject to a winding-up order.
Mr Justice Foskett – who found last November that Kahn had agreed a special bonus scheme in March 2005 with Bob Dyson, the then chief executive of DH – ordered that, in view of the advanced stage of the proceedings, the case could continue.
The liquidator of DH has 14 days to challenge his decision.
A final hearing to determine Kahn’s bonus is now unlikely to take place until autumn.
