LIBOR Transition for Derivatives


The end of LIBOR is approaching. Panel banks may cease to make submissions as of the end of 2021 and LIBOR benchmarks may cease to be representative soon thereafter as a result. For transactions with a term beyond 2021, in order to achieve a predictable outcome and avoid litigation risks, parties should incorporate fallback clauses into the contracts. Such fallback clauses may be incorporated into legacy transactions by adherence to an ISDA Fallbacks Protocol to be published soon. Alternatively, parties may agree to fallback clauses in bilateral amendment agreements.


Olivier Favre


Subscribe to our Updates

*Required fields

Monthly selected key topics from our practice areas and sectors, plus Newsflashes on current events.
Monthly email with the latest updates on and summaries of the Swiss Federal Supreme Court's case law in arbitration matters.
A regular look (1 – 2 per year) from a unique M&A perspective on legal changes, economic developments and societal trends in Switzerland.
Regular insights on Swiss and international trends and legal developments in the construction industry.
Concise analyses of key trends in the fast moving world of corporate governance for the boards of Swiss companies.