New York paves the way for LIBOR transition
By EsqSocial Corporation 08/04/21
A newly enacted New York statute will ease the transition from U.S. Dollar LIBOR to the Secured Overnight Financing Rate (SOFR) while reducing the uncertainty and litigation risk posed by agreements that cannot be amended to adequately address the cessation of U.S. Dollar LIBOR....
By: Hogan Lovells