News & Analysis as of

Interest Rates Fraud United Kingdom

ArentFox Schiff

The End of LIBOR: Hotel California Edition [Part II]

ArentFox Schiff on

On October 1, 2024, the United Kingdom Financial Conduct Authority (UK FCA) phased out ‘Zombie’ LIBOR, as a transitional benchmark, with the move to alternative “risk-free” rates....more

Quinn Emanuel

The ‘Fraud is Not Enough’ – English law raises the bar for proving reliance in misrepresentation claims

Quinn Emanuel on

I. Introduction - What level of awareness is required to be in a person’s mind when being induced by another to rely on an implied fraudulent representation? According to the English High Court, which recently had to...more

ArentFox Schiff

The End of LIBOR: The Twilight Zone™ Edition

ArentFox Schiff on

The United Kingdom’s Financial Conduct Authority announced the future cessation and loss of representativeness of worldwide LIBOR rates. Potential Detrimental Developments - Recent Events - On Friday, March 5,...more

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