Martello was instructed on behalf of a large bank to provide an expert witness report relating to foreign exchange in a dispute regarding the non-settlement of an FX transaction subject to an ISDA Master Agreement.
The expert work involved explaining the FX market operation and opining on a reasonable range for a termination amount. The Martello analysis involved extracting Bloomberg FX data and providing multiple alternative calculations based on the cases brought by both parties. The expert questions in this case required significant data analysis and calculation, and the analyst team was led by Rachel Henderson. It was important that the calculations were also explained in a clear and digestible way for the Court. The appointed Martello expert had a wealth of FX trading experience, and an established CV.
The case achieved settlement before hearing.
