A top City of London banker is suing one of Canada's biggest financial institutions for making him redundant allegedly because he is not Canadian, in one of the more unusual cases to emerge from the credit crunch.
Achim Beck, a German national, claims that Canadian Imperial Bank of Commerce had a secret policy of favouring “Canada connected” employees when making job cuts.
The case, which was due to come before a UK employment tribunal earlier this month, has been delayed by a row over CIBC's refusal to disclose internal documents that Mr Beck alleges lend support to his claim.
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