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Libor refers to the London Interbank Offered Rate, historically a benchmark for pricing loans and derivatives. This work covers negotiating, amending, or terminating contracts that reference Libor, advising on fallback clauses, converting to replacement rates such as SONIA, and coordinating with lenders, borrowers and counterparties to ensure a smooth transition. A banking solicitor drafts or reviews amendments, supports transition plans, prepares notices, and liaises with trade bodies and regulators to ensure lawful, robust documentation. The outcome shapes credit terms and risk exposure in finance agreements.
Fallback provisions can be complex and uncertain; a solicitor’s involvement ensures precise amendments, robust documentation, and compliant transition to alternative rates, protecting the client from inadvertent liability or market disruption.
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Tagged solicitor Donna Jackson
I dealt with Donna Jackson , who was very professional and assisted in exiting a bridging loan, so time was of essence, I will be using Farley’s / Donna again FS North Properties Ltd
Review left by Frazer
