Solum was appointed to provide expert witness services in relation to market practice surrounding the pricing and marketing of CSOs in connection with a potential misselling dispute.
As part of the engagement, Solum considered the process that was followed by the arranging bank. Solum provided a thorough analysis of the explanations and disclosures provided by the bank including transaction mechanics, risk factors and scenario analysis. Solum reviewed exchanges between the arranging bank and the client as well as supporting documentation and provided information as to prevailing market practice based upon direct knowledge of the structuring and market of CSOs at the time.
In addition, Solum performed pricing of the relevant CSO structure along with several restructuring proposals.