Christopher Houpt

Christopher Houpt

Mayer Brown

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Latest Posts › Alternative Reference Rates Committee (ARRC)

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New Rev Proc 2020-44 Provides Limited Relief for Amending Legacy Contracts to Add IBOR Fallbacks

On Friday, October 9, 2020, the US Internal Revenue Service released Revenue Procedure 2020-44 (the “Revenue Procedure”), providing retroactive but limited relief for amending specific types of legacy contracts to add...more

10/14/2020  /  Alternative Reference Rates Committee (ARRC) , Financial Services Industry , Inter-Bank Offered Rates (IBORs) , ISDA , Legacy Contracts , Libor

US ARRC Proposes a New York State Legislative “Solution” for Legacy LIBOR Contracts Without Adequate Fallbacks—But What Does It...

On March 6, 2020, the Alternative Reference Rates Committee (ARRC) released its “Proposed Legislative Solution to Minimize Legal Uncertainty and Adverse Economic Impact Associated with LIBOR Transition,” which the ARRC...more

3/18/2020  /  Adverse Impact , Alternative Reference Rates Committee (ARRC) , Benchmarks , Capital Markets , Interest Rates , Legislative Agendas , Libor , Regulatory Agenda , Transition Relief , Transitional Arrangements
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