Clifford Chance
New York Governor Signs Legislation to Address Cessation of USD LIBOR
April 20, 2021
On April 7, 2021, New York Governor Cuomo signed into law Senate Bill 297B/Assembly Bill 164B, available here, to mitigate risks and provide continuity for certain financial products at the time that U.S. dollar LIBOR is no longer published or is determined to not be representative.
