Clifford Chance
Impact of LIBOR reform on contractual continuity
29 January 2014
Contracts with an estimated notional value of more than $300 trillion use LIBOR as their benchmark – for this reason Warren Buffet described LIBOR as the base rate for the whole world. With regulators across the world shining a light on LIBOR’s viability, this briefing considers what changes to LIBOR might mean for English law governed contracts that use LIBOR as a benchmark.
