Understanding LIBOR: Its Role and Replacement

The London Interbank Offered Rate (LIBOR) was a major global interest rate benchmark, which was replaced by SOFR. Learn about ...
JD Supra

The end is here – LIBOR cessation looms for international finance markets

The phase out of the London Interbank Offered Rate ("LIBOR") continues apace and we are now approaching the finish line for transition away from LIBOR to reference free rates ("RFRs"). On June 30, ...
JD Supra

LIBOR Transition: Challenges for Islamic Finance Transactions

On 5 March 2021, the UK’s Financial Conduct Authority (the FCA) announced that all LIBOR settings will either cease to be provided by any administrator or will no longer be representative by 31 ...
Law

LIBOR Manipulation: Two Critical Points of Interest

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...