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ARRC Publishes LIBOR Legacy Playbook
July 15, 2022 | Issue No. 184

On July 11, the Alternative Reference Rates Committee (the “ARRC”) published a “Playbook” to assist market participants in transitioning their legacy LIBOR contracts to an alternative rate by June 30, 2023. Cadwalader's LIBOR transition team attorneys summarize here the steps that the ARRC recommends for the successful implementation of fallbacks in legacy LIBOR contracts.

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