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Recent Amendments To English Civil Procedure Help Simplify The Issuance Of Contractual Claims Against Foreign Defendants—Service Of Process Pursuant To CPR 6.33(2B) - Corporate/Commercial Law

Recent Amendments To English Civil Procedure Help Simplify The Issuance Of Contractual Claims Against Foreign Defendants—Service Of Process Pursuant To CPR 6.33(2B) - Corporate/Commercial Law
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Can't We All Just Get Along? Four Key Areas of Dispute in the Evolving Landscape of LIBOR Cessation Litigation | King & Spalding

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On November 30, 2020, parties to legacy LIBOR contracts breathed a collective sigh of relief as LIBOR’s administrator Intercontinental Exchange, Inc. (“ICE”) announced that US Dollar LIBOR would continue to be published until December 31, 2021 for the one-week and two-month tenors and until June 30, 2023 for the remaining, more widely used tenors.
[i] As explained in our prior Client Alerts on the transition away from LIBOR, these extensions will allow time for most legacy LIBOR contracts to mature prior to the cessation of LIBOR’s publication,
[ii] significantly reducing – or at least delaying – the potential for disputes between counterparties over the selection of an appropriate alternative reference rate. But the potential for disputes remains, particularly because the earlier-expiring one-week and two-month tenors, though less popular than those expiring in June 2023, are still prevalent in c ....

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