“As Administrators to Lehman Brothers European business, we have had the benefit of working very closely with the team at Solum over a nine year period on a variety of disputes and in a number of cases as independent expert taking into account market standards and practices. The Solum team routinely provided a robust and credible view to the Administrators of the potential feasible range of values underpinning a number of complex structured and derivative products thereby providing a significant level of support to validate (or re-evaluate) and ultimately conclude our significant counterparty resolution activities.
We have also worked with the Solum team across our approach to valuation generally to ensure that the methodologies applied are fitting, defendable and appropriate as a basis to deal with our counterparties in an appropriate way. We have found the Solum experience to be current in terms of market activities; balanced to ensure their views remain independent, where necessary; and critical to achieve our administration objectives.”
Russell Downs, Joint Administrator, Lehman Brothers (International) Europe