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.
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.