Anthony Pavlovich writes on the LIBOR transition: when is the obvious answer not the right answer?

The High Court’s decision in Standard Chartered Plc v Guaranty Nominees Limited [2024] EWHC 2605 (Comm) set a precedent for handling tough legacy contracts post-LIBOR. The court implied a term to replace discontinued LIBOR with a widely used alternative rate. In an article for Practical Law, 3VB’s Anthony Pavlovich, counsel to the successful claimant in that case, considers possible alternative outcomes for tough legacy contracts.

This document was first published by Practical Law and can be seen here.

Anthony Pavlovich acted as junior counsel to Standard Chartered Plc. Read more on this case and access the decision in full here.