Sep 26, 2019
The expected phase-out of LIBOR will affect trillions of dollars in
investments across a wide range of financial products. The market
has been working to adapt new transactions to a post-LIBOR world,
but legacy transactions will also be affected. Whether and how
those contracts can be modified to account for the unavailability
of LIBOR - and how courts will respond to the changed facts - are
open questions. Mayer Brown partners Matthew Ingber, Chris Houpt
and Sagi Tamir discuss the current efforts to replace LIBOR,
litigation risks that market participants may face, and how to plan
for those risks.