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LIBOR Transition Update: Publication of Most LIBOR Settings to Cease by End of 2021

The transition away from LIBOR took a major step forward on March 5, 2021, with announcements by the U.K. Financial Conduct Authority (FCA) and ICE Benchmark Administration (IBA) in response to the results of a consultation conducted by IBA on its intention to cease the publication of LIBOR settings.

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Trust Me – A Security Trustee’s Duties to Subordinated
A recent High Court judgment has highlighted the importance for mezzanine creditors of including express and robust contractual protections when negotiating intercreditor agreements and provides a helpful summary of a trustee’s duties to mezzanine lenders in a security enforcement.

Practices: Finance, Business Restructuring

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