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New York legislative solution for LIBOR passed: Impact on transition of legacy LIBOR contracts

United Kingdom, USA - April 7 2021 The New York (NY) State Legislature has passed a statutory solution to tackle so-called “tough legacy” LIBOR contracts, to reduce the risks…

Alex Hokenson, Ceri Morgan, Emily Barry, Jenny Stainsby, John O'Donnell, Nick May, Peter Behmke, Rupert Lewis.

EU Advocate General considers interpretation of Prospectus Directive in relation to an issuer’s liability for a prospectus marketed to both retail and qualified investors

European Union, Spain, United Kingdom - March 29 2021 The Advocate General (AG) of the Court of Justice of the European Union (CJEU) has handed down an unsurprising opinion on the interpretation of…

Ceri Morgan, Nihar Lovell, Sarah Hawes.

Navigating “the final and critical phase” of LIBOR - Senior Managers take heed

United Kingdom - March 29 2021 The issues raised in this Dear CEO letter are not unexpected. But that does not mean they are straightforward to manage. LIBOR transition remains a…

Ceri Morgan, Jenny Stainsby, Nick May, Rupert Lewis.

High Court finds that a claimant’s “awareness” of a representation is an essential prerequisite to a claim for misrepresentation

United Kingdom - March 19 2021 In an important decision for financial institutions, the High Court has confirmed that a Claimant’s awareness of a representation is an essential…

Ceri Morgan, Chris Bushell, Nic Patmore.

LIBOR Discontinuation: FCA non-representativeness announcement

United Kingdom - March 5 2021 The FCA today made its much anticipated announcement that all LIBOR settings will either cease to be provided by any administrator or will no longer…

Ceri Morgan, Emily Barry, Jenny Stainsby, Nick May, Rupert Lewis.