This website uses cookies. By using this website, you agree to our Cookie Policy.
February 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."
our latest insights on the impact of COVID-19 to help you navigate this unprecedented environment.
Learn more about the event and watch the on-demand replay here.
Selections to the Lawdragon 500 are limited to no more than 500 lawyers in the country.
Our latest podcast covers the legacy of the “Car Wash” investigation and how Brazil fits into the global landscape of white-collar crime enforcement.