Lisa Lacob and Liisa Lahti report on the litigation risks for banks arising from the LIBOR transition in Practical Law

In this note first published by Practical Law, Lisa Lacob and Liisa Lahti provide an overview of the risks for banks in transitioning contracts from LIBOR to risk-free reference rates (such as SONIA and SOFR) and the steps which can be taken to mitigate that litigation risk. Click here to read the full article.