Legal
LIBOR – When the going gets tough, the tough legacy contracts get going
In brief In May 2020, the Tough Legacy Taskforce (the Taskforce) of the Working Group on Sterling Risk-Free Reference Rates (the RFRWG) published a paper entitled "Statement on the identification of 'tough legacy' contracts across asset classes" (the Statement)¹ making a case for action in relation to tough legacy contracts…
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