Martello were instructed on behalf of a commodities trading company in order to provide an expert witness report in relation to the standard hedging market practice adopted by buyers of energy under long-term supply contracts in an arbitration.
The expert was asked to opine on the practice of the Claimant as well as the appropriate response following curtailment due to a scenario of force majeure. The expert held over 35 years of experience within global corporations with major commodity portfolios, including energy, and used the Martello analyst support to effectively translate the complex terminology used on the trading floor into a succinct, understandable report.
The arbitral award is yet to be handed down.
