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Paul Weiss Discusses LIBOR Transition and SOFR Alternative

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By Jane O'Brien Verified, Manuel S. Frey, Jessica Carey, Amy Barton
| LexBlog
As previously reported, the LIBOR settings for one-week and two-month USD LIBOR tenors will cease being representative after December 31, 2021.[1] This cessation is expect to have less of an impact because these tenors are not as widely used as others.[2] All other settings—including one-month, three-month, and six-month USD LIBORs—are scheduled to cease being representative after June 30, 2023. In the U.S., transition efforts continue.
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