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Entries tagged “debt & equity transactions”

EB-5 Regional Center Program Extended Through June 30, 2021

im-report EB-5 Regional Center Program Extended Through June 30, 2021 Debbie A. Klis · December 22, 2020

The EB-5 Regional Center Program will be extended through June 30, 2021 as part of the Consolidated Appropriations Act, 2021. This legislation does not address the EB-5 per-country-caps limit or other major reform issues that had been raised just a short time ago in Congress but separates EB-5 Regional Center Program reauthorization from future federal…

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Welcome News in Financial Circles: LIBOR Termination Extended Briefly

im-report Welcome News in Financial Circles:  LIBOR Termination Extended Briefly Debbie A. Klis · December 2, 2020

On November 30th, LIBOR administrator, ICE Benchmark Administration (“IBA”), announced plans to ease worries surrounding LIBOR cessation with a brief extension to June 30, 2023.  IBA’s intention is to cease publication  (i)  of 1-week and 2-month USD LIBOR at the end of 2021 and (ii) subject to compliance with applicable regulations, including as to representativeness, it…

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ISDA IBOR Fallbacks Supplement and Protocol: What You Need to Know

im-report ISDA IBOR Fallbacks Supplement and Protocol: What You Need to Know Robin Powers · November 19, 2020

I.  Introduction In 2017, the UK’s Financial Conduct Authority (“FCA”) announced that it will not require the calculation and publication of interbank offered rates (“IBORS”) beyond 2021.  The absence of a guaranteed IBOR after 2021 has triggered one of the largest and intricate challenges that financial markets have confronted to date.  Trillions of dollars of…

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