This website uses cookies. By using this website, you agree to our Cookie Policy.
Feb 26, 2019
Cadwalader has created a multidisciplinary LIBOR Preparedness Team in anticipation of the Secured Overnight Financing Rate (SOFR) replacing the London Interbank Offered Rate, or LIBOR, as the key benchmark interest rate for financial transactions around the world, including derivatives, corporate and consumer loans, bonds and securitizations representing more than $400 trillion.
Cadwalader is uniquely positioned to advise clients on how best to manage and structure their LIBOR transition plans. The firm was selected last year by the Federal Reserve’s Alternative Reference Rates Committee (ARRC) to assist in guiding the post-LIBOR financial world by developing best practices. This includes preparing the recently released consultations on U.S. dollar LIBOR fallback contract language for bilateral business loans and securitizations. The ARRC consultations outline draft language for new contracts that reference LIBOR so as to ensure these contracts will continue to be effective in the event that LIBOR is no longer usable.
Cadwalader’s LIBOR Preparedness Team is led by partner Lary Stromfeld and includes partners David Burkholder, Mark Chorazak, Sophie Cuthbertson, Jonathan Hoff, Robert Kim, Jeffrey Nagle and Jason Schwartz.
VIDEO: Lary Stromfeld discusses "Life After LIBOR: What Financial Institutions Need to Know and Do."
Scott Cammarn, Mark Chorazak, Jonathan Watkins,Chris Gavin, Joseph Beach, Peter Morreale
Richard Brand, Stephen Fraidin, Jonathan Watkins, James Fee
Michele Maman, Thomas Curtin, Anthony De Leo, Donny Ariel
Nick Shiren and Daniel Tobias will be speaking at this key industry event on April 2 in London.