LIBOR Transition Team

Contact(s)

Lary Stromfeld
+1 212 504 6291
lary.stromfeld@cwt.com
v-card

Jeffrey Nagle
+1 704 348 5267
jeffrey.nagle@cwt.com
v-card

Overview
News & Resources
Team

Cadwalader is uniquely positioned to advise clients on how best to manage and structure their LIBOR transition process including potential disputes and litigation. We help clients with all aspects, including:

Developing a centralized program to assess scope and exposure
Reviewing and revising affected contracts
Identifying and mitigating potential risks created during the transition period
Communicating with regulators
Advising on potential disputes and litigation

NEWS

News Releases

Cadwalader Receives 2022 IFLR Americas ‘Team of the Year: Financial Services Regulatory’ Award and Lary Stromfeld Wins ‘Outstanding Achievement Award’ for ‘Contribution to Regulatory Reform’
May 20, 2022
Cadwalader’s LIBOR Team Wins Financial Times North America Innovative Lawyers 2021 Award
December 13, 2021
Cadwalader Shortlisted for Financial Times Innovative Lawyers North America 2021 Awards for “Practice of Law” and “Sustainable Finance”
November 05, 2021
Cadwalader’s Lary Stromfeld Presents at ISDA Benchmark Strategies Forum
June 04, 2021
Jeffrey Nagle Inducted as American College of Commercial Finance Lawyers Fellow
May 19, 2021
NY State Legislature Approves LIBOR Statute Drafted by Cadwalader
March 25, 2021
Cadwalader Attorneys Selected for the 2021 Lawdragon 500 Leading Lawyers in America
February 01, 2021
Cadwalader’s Ellen Holloman Authors Inaugural Chapter on Diversity and Inclusion in Commercial Litigation in New York State Courts, 5th Ed.
December 04, 2020
Cadwalader Wins 2019 Law360 Banking Group of the Year Award
January 13, 2020
Cadwalader Advises LSTA on Exposure Draft of its New Form of Credit Agreement for an Investment Grade Term Loan
December 27, 2019
Cadwalader Recognized by Financial Times for Innovative Work on LIBOR Transition and Shareholder Engagement
December 13, 2019
Sia Partners-Cadwalader Global LIBOR Transition Study Finds Year-End Progress but Major Investments Required Going Forward
December 09, 2019
Cadwalader’s Fourth Annual Finance Forum in Charlotte Gathers More Than 450 Industry Leaders in Broad Discussion of Key Financial Topics
October 17, 2019
Cadwalader Guides LSTA in Creating 'Compounded SOFR in Arrears Concept Document’
October 03, 2019
Cadwalader’s David Burkholder Discusses 'SOFR as the New LIBOR' as a Panelist at CRE Finance Council’s 2019 Annual Conference
June 17, 2019
Jeffrey Nagle and LSTA Members Hosted Roundtable Discussion on Transition Away From LIBOR
June 06, 2019
Cadwalader's Lary Stromfeld Moderates the Alternative Reference Rates Committee (ARRC) Roundtable on LIBOR Fallback Contract Language
June 03, 2019
Cadwalader Advises ARRC on Recommended LIBOR Fallback Language for Bilateral Business Loans and Securitizations
May 31, 2019
Cadwalader Advises ARRC on Recommended LIBOR Fallback Language for Floating Rate Notes and Syndicated Loans
April 26, 2019
Cadwalader Launches LIBOR Preparedness Team
February 26, 2019
Cadwalader Partner Lary Stromfeld Named a Financial Times Top 10 Innovator
December 11, 2018
Cadwalader Advises ARRC on Consultations on U.S. Dollar LIBOR Fallback Contract Language
December 07, 2018
Cadwalader Guides ARRC on Drafting of Post-LIBOR Consultations
September 24, 2018
Cadwalader Selected to Represent the Federal Reserve Board’s ARRC on LIBOR Transition
July 31, 2018

Recent Press

IFLR Examines the Impact of a Synthetic Rate on LIBOR’s End
June 08, 2023
Synthetic Libor vs. Libor Act: troubles ahead
December 20, 2022
More states step up to guide LIBOR transition, provide stopgap solution
February 03, 2022
Banking Regulation To Watch In 2022
January 03, 2022
Preparing for LIBOR Transition: Remediation Terms Managers Should Incorporate Into Their Existing Subscription Facilities (Part Two of Two)
November 16, 2021
Preparing for LIBOR Transition: What the Year End Deadline Means for PE Sponsors With Subscription Facilities (Part One of Two)
November 11, 2021
Federal bill unpicks some, not all, US Libor legacy knots
August 23, 2021
ARRC: state-by-state approach is plan B for SOFR tough legacy
June 23, 2021
Calls intensify for Congress to intervene on Libor
March 26, 2021
Libor Transition Hits 'Milestone' With NY Legacy Contracts Fix
March 25, 2021
NY Libor switch plan included in Cuomo budget
January 21, 2021
Coronavirus Impact on LIBOR Transition
April 21, 2020
Lawyers Pick Holes in Libor Statutory Fix
April 17, 2020
‘It’s Game Time’: Libor Transition to Pick Up Steam in New Year
December 29, 2019
Big Banks Making Most Progress in Libor Transition, Study Finds
December 09, 2019
ARRC Sets Sights on Libor Fallbacks for Consumer Loans
July 15, 2019
Banks Must Take Libor's End Seriously, Fed's Vice Chair Says
June 03, 2019

RESOURCES

Clients & Friends Memos

Federal Reserve Issues Final Rule Implementing LIBOR Act
December 21, 2022
ARRC Publishes LIBOR Legacy Playbook
July 11, 2022
IBA to Consult on End of USD LIBOR; U.S. and UK Regulators Respond
December 01, 2020
An Overview of the ISDA IBOR Fallbacks Supplement and Protocol
October 23, 2020
Proposed Amendments to the European Benchmark Regulation Address “Tough Legacy” IBOR Contracts
July 24, 2020
ARRC Publishes Refreshed Recommended Fallback Language for Syndicated Business Loans for LIBOR Transition Planning
June 30, 2020
UK Government Proposes Increased Powers for the FCA over the LIBOR Wind-Down Process
June 24, 2020
ARRC Releases Best Practices for Orderly LIBOR Transition
May 28, 2020
The Bank of England’s Discussion Paper on Collateral Referencing LIBOR
July 08, 2019

Articles

ARRC Updates its Recommendations for Use of Term SOFR
April 27, 2023
Libor transition: the final leg of the marathon
April 24, 2023
FCA Compels the Publication of ‘Synthetic’ USD LIBOR
April 06, 2023
Latest CFTC Action on LIBOR Transition
January 05, 2023
FCA Seeks Feedback on ‘Synthetic’ USD LIBOR
December 01, 2022
Federal Reserve Issues Proposed Rules under LIBOR Act
July 21, 2022
FCA Announcement on Synthetic Sterling LIBOR
April 28, 2022
Federal LIBOR legislation: five things financial market participants need to know
March 23, 2022
Federal LIBOR Legislation in Five Quick Bites
March 17, 2022
It’s the end of LIBOR as we know it
January 10, 2022
It’s The End of LIBOR As We Know It
January 04, 2022
A Guide to LIBOR Legislation
July 14, 2021
LIBOR Update
March 31, 2021
LIBOR Remediation Raises Lien Priority and Title Insurance Questions
March 29, 2021
Transitions From IBOR to Alternative Rates Avoid Tax Under Proposed Regulations (Journal of Taxation of Investments)
July 17, 2020
INSIGHT: The Demise of LIBOR—Tax and Transfer Pricing Implications—Part 2
November 26, 2019
INSIGHT: The Demise of LIBOR—Tax and Transfer Pricing Implications—Part I
November 25, 2019
Taxing Times: The Death of LIBOR
December 12, 2018

Events

ISDA's Benchmark Strategies Forum
June 7, 2022
11th Annual Investors' Conference on CLOs and Leveraged Loans
May 23-24, 2022
ISDA Virtual Conference: Next Steps for Benchmark Reform
December 1, 2021
Mondaq Webinar: Hot Topics in Fund Finance
September 22, 2021
CREFC Annual Conference 2021
June 16-17, 2021
ISDA Benchmark Strategies Forum
June 3, 2021
CFA Society New York's LIBOR Transition Series
May 25, 2021
How to Approach SOFR in the Waning Days of LIBOR
March 26, 2021
Impact of LIBOR Cessation on Fallbacks
March 24, 2021
“Into the Unknown”: A Fund Finance Perspective on “Letting LIBOR Go”
February 25, 2021 (10:00 AM EST)
Cadwalader Finance Forum 2020
November 12, 2020
Successful Transition from LIBOR: An Introduction
Oct 29, 2020
ABA Business Loans Section Annual Meeting
September 22, 2020
SFVegas 2020
Feb. 23-26, 2020
2019 Global Financial Reporting and Valuation Conference
Dec. 8-10, 2019
CREFC's After-Work Seminar Series - LIBOR Endgame: Is the Industry Ready?
Nov. 7, 2019 4:00 PM - 8:00 PM
Residential Mortgage Finance Symposium 2019
Nov. 4-5, 2019
ISDA Symposium® Benchmark Reform: Update on ISDA and Industry Initiatives
Oct. 23, 2019
The Structured Finance Association’s LIBOR Symposium
Sept. 11, 2019
CREFC Annual Conference 2019
June 10 - 12, 2019
Alternative Reference Rates Committee Roundtable
June 3, 2019
IMN's 8th Annual Investors' Conference on CLOs and Leveraged Loans
May 20-21, 2019
Webinar: The ARRC's Final Recommendations for Fallbacks for LIBOR Floating Rate Notes
May 14, 2019 (12:00 PM EDT)
Lary Stromfeld and Mark Chorazak to Speak at IIB’s LIBOR Seminar
Apr. 18, 2019
The ISDA's 34th Annual General Meeting
Apr. 9-11, 2019

Videos

Implementing the LIBOR Act: The Federal Reserve’s Final Rule---
January 13, 2023
LIBOR Before Labor Day (2022 Edition)---
August 26, 2022
Finance Forum Focus Series: Spotlight on LIBOR Transition---
October 20, 2021
'Fund Finance Friday: Industry Conversations' — LIBOR Transition Update with Jeffrey Nagle---
December 04, 2020
'Fund Finance Friday: Industry Conversations' — A Crash Course in SOFR---
August 28, 2020
"Life After LIBOR: What Financial Institutions Need to Know and Do"---
February 26, 2019

19 Attorneys

Barnes, Cheryl D.	Partner	Washington T. +1 202 862 2340 cheryl.barnes@cwt.com
Brandman, Lawrence S.	Senior Counsel	New York T. +1 212 504 6898 lawrence.brandman@cwt.com
Burkholder, David	Partner	Charlotte T. +1 704 348 5309 david.burkholder@cwt.com
Chamberlain, Holly Marcille	Partner	Charlotte T. +1 704 348 5121 holly.chamberlain@cwt.com
Cotton, Nikita B.	Associate	New York T. +1 212 504 6855 nikita.cotton@cwt.com
Cuthbertson, Sophie K.	Partner	Washington T. +1 202 862 2341 sophie.cuthbertson@cwt.com
Damianova, Assia	Special Counsel	London T. +44 (0) 20 7170 8564 assia.damianova@cwt.com
Ena, Michael	Counsel	New York T. +1 212 504 6870 michael.ena@cwt.com
Foster, Brian	Partner	New York T. +1 212 504 6736 brian.foster@cwt.com
Gellman, Michelle	Associate	New York T. +1 212 504 6160 michelle.gellman@cwt.com
Goldstein, Stuart N.	Partner	Charlotte T. +1 704 348 5258 New York T. +1 212 504 6316 stuart.goldstein@cwt.com
Kim, Robert S.	Partner	New York T. +1 212 504 6258 robert.kim@cwt.com
McDermott, Christopher M.	Senior Counsel	Charlotte T. +1 704 348 5184 New York T. +1 212 504 6184 chris.mcdermott@cwt.com
Nagle, Jeffrey	Partner	Charlotte T. +1 704 348 5267 jeffrey.nagle@cwt.com
Oosterhouse, Kurt T.	Partner	Charlotte T. +1 704 348 5172 New York T. +1 212 504 6172 kurt.oosterhouse@cwt.com
Schetman, Richard M.	Senior Counsel	New York T. +1 212 504 6906 richard.schetman@cwt.com
Stromfeld, Lary	Partner	New York T. +1 212 504 6291 lary.stromfeld@cwt.com
Watkins, Jonathan	Partner	Charlotte T. +1 704 348 5129 New York T. +1 212 504 6229 jonathan.watkins@cwt.com
Wong, Jessica	Special Counsel	New York T. +1 212 504 6929 Jessica.Wong@cwt.com

Contact(s)

Lary Stromfeld
+1 212 504 6291
lary.stromfeld@cwt.com
v-card

Jeffrey Nagle
+1 704 348 5267
jeffrey.nagle@cwt.com
v-card

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LIBOR Transition Team

Contact(s)

Featured Content

NEWS

News Releases

Recent Press

RESOURCES

Clients & Friends Memos

Articles

Events

Videos

19 Attorneys

Contact(s)

Insights

Deals & Matters

Firm News