23 results

• Insight

  BANKING & FINANCIAL DISPUTES & FINANCIAL SERVICES & REAL ESTATE FINANCE

  libor transition and loans – what borrowers in the real estate market need to know

  The London Interbank Offer Rate (LIBOR) is the benchmark reference rate commonly used in commercial loans to calculate interest payments in variable (floating) rate loans.  LIBOR is now being phased out meaning significant changes for the loan and interest rate …

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• Insight

  competing libor transition proposals create more problems

  As the Dec. 31, 2021, end date for Libor approaches, it is becoming increasingly apparent that it will not be possible for market participants to amend all legacy contracts to add Libor fallback provisions or replace or ameliorate problematic fallback …

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• Insight

  BANKING LITIGATION & DISPUTE RESOLUTION

  uk government to enhance fca powers to facilitate libor transition

  The UK Government announced on 23 June 2020 that it intends to introduce new legislation to give the UK Financial Conduct Authority (FCA) enhanced powers in circumstances where (i) LIBOR ceases to be representative of the market and (ii) its representativeness cannot and will not be restored....

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• Insight

  BANKING LITIGATION & DISPUTE RESOLUTION

  the boe encourages market participants to move from libor to risk-free rates with new policies for the treatment of libor-linked collateral

  The Bank of England (BoE) provides liquidity to market participants and lends to firms against a wide set of eligible collateral. To encourage market participants to move away from LIBOR, the BoE has announced new policies for the treatment of LIBOR-linked collateral in the BoE’...

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• Insight

  litigation risks associated with libor transition

  The Financial Conduct Authority (FCA) has made clear that after 2021 it will no longer compel banks to submit LIBOR quotations or sustain the LIBOR benchmark, and that regulated parties proposing LIBOR for contracts beyond 2021 must explain the risks …

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• Insight

  FINANCIAL SERVICES

  libor transition update: q1 2021

  FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks In March this year, the FCA confirmed that all 35 LIBOR settings will either cease to be published by the ICE Benchmark Administration and/or will no longer …

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• Insight

  BANKING & FINANCIAL DISPUTES & FINANCIAL SERVICES & PRIVATE EQUITY & REAL ESTATE FINANCE

  real estate businesses facing libor crunch, finds collyer bristow research

  Real estate businesses are facing a LIBOR crunch, with over half of property businesses with borrowing yet to speak to lenders about alternative interest rate benchmarks, finds research commissioned by Collyer Bristow. Read the full white paper report, “Getting to …

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• Insight

  BANKING & FINANCIAL DISPUTES & COMMERCIAL DISPUTES

  know your limits – libor fraud claim time barred

  A banking fraud claim against NatWest Markets plc and the Royal Bank of Scotland plc (together, “the Bank”) has been struck out after it was held to be time barred. The Claimant, Boyse (International) Ltd (“Boyse”), is a trust company, …

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• Insight

  BANKING & FINANCIAL DISPUTES

  libor transition update: synthetic rates for sterling and yen

  The FCA has confirmed that synthetic rates will be published for 1, 3 and 6 month Sterling and Yen LIBOR from the 1st of January 2022, for at least 12 months. These rates will be available for use in all legacy …

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• Insight

  BANKING & FINANCIAL DISPUTES

  fca extends deadline for ceasing to issue new loans based on libor – what does this mean for lenders and borrowers?

  In the wake of the coronavirus pandemic, the FCA has decided to extend its deadline for ceasing to issue new loans based on LIBOR until the end of Q1 2021. Banking & financial disputes Partner, Janine Alexander, comments on the …

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