What would you do if one day the essence of your financial agreement, the price of your contract, was suddenly changed into something ambiguous which requires interpretation or negotiation? Will you try to negotiate all of your agreements again or will you resort to litigation? It is possible that the decision is out of your hands.
In this article, we will look into the imminent discontinuation of LIBOR and the potential litigation risks it carries for market participants.
May 18, 2020
