The end of 2021 has been the date set in stone for the discontinuation of LIBOR for some time. Legacy transactions using sterling and other non-USD LIBOR rates will need to be amended this year as part of the active transition away from the use of LIBOR.
Our finance team has published a briefing which looks at the status of LIBOR transition across various different currencies and products and explores some of the events which will catalyse the transition in 2021.
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The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.