In Parts 1 and 2 of this series, we discussed the circumstances that led to the planned phase-out of the London Inter-bank Offered Rate, commonly referred to as “LIBOR” and the proposed replacement rate known as the Secured Overnight Financing Rate (“SOFR”). In this last part of the series, we will present the proposed language recommended by the Alternative Reference Rate Committee (“ARRC”) to be used in new contracts that reference LIBOR.
Our resident mediator, Judge Meloni offers attorneys helpful tips to help mediate the best outcome for the client.
Judge Meloni discusses how to initiate and prepare for a mediation in the second installment of the Alternative Dispute Mediation blog.
Judge Meloni discusses the advantages of alternative dispute resolution.