The 2012 LIBOR scandal, in which a group of bankers manipulated the global interbank rate, rocked the financial world. LIBOR, long used to establish interest rates on commercial and consumer loans, is scheduled to sunset in 2021. The question “what will replace LIBOR?” has persisted. Oscar Stephens provides an overview of the current situation and offers a preview of SOFR, the top contender for LIBOR’s replacement.
Greenberg Traurig has expanded its Miami office Litigation Practice and Corporate Practice with the addition of attorneys Humberto H. Ocariz and Jennifer D. Newton.
Robert C. Jones has joined Greenberg Traurig as co-chair of the firm’s Washington, D.C. Federal Government Law & Policy Practice.
Greenberg Traurig added former Ocwen Financial Senior Vice President and Deputy General Counsel Andrew Wein to its Financial Services Litigation and Financial Regulatory and Compliance groups.