While the loan markets have yet to adopt SOFR as a replacement benchmark to LIBOR, lenders and borrowers have started using the ARRC’s fallback provisions or variations thereof in credit agreements. However, in almost all cases credit agreements continue to contain other standard provisions that arguably are inconsistent with the ARRC provisions and should be removed. More

A matter in which Friedman Kaplan Partner Mary Mulligan, Counsel Bonnie Baker, and Associate Nora Bojar recently represented a UK national in defense of charges of fraud, bribery, and money laundering has been nominated by Global Investigations Review for its Most Important Court Case of the Year award. More