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On October 1, the United States Department of Justice (DOJ) issued a favorable business review letter to the International Swaps and Derivatives Association (ISDA) that clears the way for ISDA to complete its work on developing standard amendments to swap documents to account for the discontinuation of LIBOR and other interbank offered rates (collectively, IBORs). Because of the global scope of the IBOR replacement problem, ISDA had been concerned that its work in developing standard document solutions could be perceived as promoting coordination among competitors. The DOJ letter alleviates those concerns: “Based on the information and representations you provided, after…