New Laws Passed In New York And Alabama Provide Trigger For LIBOR Replacement

LexisNexis (February 16, 2022, 12:32 PM EST) -- New York and Alabama are the first two states to pass legislation addressing LIBOR’s cessation with respect to the U.S. dollar. On March 5, 2021, LIBOR’s United Kingdom regulators officially announced the discontinuation of the U.S. Dollar LIBOR (USD LIBOR)....