Topic: Libor discontinuation
Subscribe to Libor discontinuationCommercial Litigation Round-Up – Dec 2024
December 20, 2024
Catch up on important legal developments in the past 4 months.
Finance litigation trends: Autumn 2024 update
October 16, 2024
Focusing on key cases, developments and hot topics to help in-house counsel to stay up to date.
LIBOR cessation: High Court decides that a contract providing for payments referring to LIBOR contains implied term to use alternative rate
October 16, 2024
English High Court gives its first judgment on the effect on contracts of the cessation of LIBOR.
Commercial Court clarifies approach to US dollar interest awards
April 03, 2023
Clarifying the approach that the Court will take in relation to US dollar interest awards where there is no relevant contractual right to interest.
LIBOR misrepresentation claim time-barred and summarily dismissed
July 14, 2021
In a case concerning fraudulent misrepresentation relating to LIBOR manipulation, the High Court has granted summary judgment in favour of two banks, finding that the publication of the Final Notice started the limitation period and the claims were consequently time-barred.
Awareness and ‘Active Appreciation’: reliance revisited
March 24, 2021
In Leeds City Council and others v Barclays Bank plc and another [2021] EWHC 363 (Comm), Cockerill J struck out claims for rescission of loans on the grounds of fraudulent misrepresentation holding that a lack of ‘active appreciation’ of the alleged representations was fatal to the claim.
LIBOR discontinuation, tough legacy contracts and the legislative solution - where are we now?
February 01, 2021
With the introduction of the Financial Services Bill (the FS Bill) into Parliament in October last year and regulated firms working hard towards transitioning away from LIBOR by end 2021, this post focuses on the FCA’s proposed new powers to address so-called “tough legacy” contracts.