Author: Catherine Wade

Legislation for ‘tough legacy' LIBOR contracts

As the cessation, or loss of representativeness, of each of the 35 LIBOR settings gets ever closer, legislation has now been introduced in each of New York State, the European Union and the United Kingdom, aimed at addressing contractual uncertainty arising in respect of the demise of panel bank LIBOR. In this briefing we provide an overview of the status and scope of each of these legislative solutions.