Clifford Chance

Contractual continuity for "tough legacy" contracts

14 December 2021

With time ticking until the end of 2021 when at least certain settings of LIBOR will cease, the UK authorities are finalising their plans for “tough” legacy through the means of legislation and powers granted to the FCA.

In this article in Butterworths Journal of International Banking and Financial Law (JIBFL), we examine such legislation and powers with a comparative eye to alternative solutions in the US and the EU.

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