DLA Piper's LIBOR Transition Team can assist with impact assessment and advise on benchmark reform implementation across multiple jurisdictions and products. Our attorneys are actively involved in and/or monitoring developments spanning numerous industry working groups and addressing benchmark transition across jurisdictions, including ISDA, SFIG/SFA, LSTA, SIFMA and the ARRC.

The transition from interbank offered rates (IBOR) to alternative reference rates presents multiple challenges including:
List of challenges from transition from interbank offered rates (IBOR) to alternative reference rates: Operations, Legal, Tax, Accounting and Compliance

The DLA Piper Difference

As a global firm with significant experience across the finance industry, we can assist with benchmark transition issues arising out of multiple asset classes.

Our LIBOR Transition Team can assist in creating and implementing a strategic and personalized Transition Action Plan (TAP) specific to your needs. Your TAP may include procedures and action items for several steps to implement benchmark transition.

We Understand Your Sector

Our global team is closely following developments and assisting clients related to benchmark transition across the derivatives market.

  • OTC Derivatives
  • CLOS
  • Loans
  • Structured Products
  • Securities
  • Securitizations and CLOs
  • Exchange Traded Derivatives
Litigation Risks

Any and all LIBOR-linked financial products pose risks of litigation and regulatory scrutiny:

  • Contractual Claims
  • Fraud Claims
  • Fiduciary Claims
  • Potential defenses to performance of contractual obligations