 | Date: Tuesday, December 17, 2019 Time: 17:00–19:30 Venue: Morgan, Lewis & Bockius LLP, Marunouchi Building 16th Floor, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-6316 Speaker: Paul Denham, Partner, Morgan, Lewis & Bockius LLP Hosting Committee: Alternative Investment Member Fee: ¥3,000 Guest Fee: ¥6,400 Meal: Finger food and free-flowing drinks Registration/Cancellation Deadline: Thursday, December 12, 12:00 Noon |
Event Overview
The London Inter-Bank Offered Rate (LIBOR) is expected to be phased out after the end of 2021. Due to price-fixing scandals attending its use by financing parties, among other things, regulators in the UK and many other jurisdictions are requiring banks, investment banks, and other lenders to discontinue quoting or using LIBOR in financial documentation.
As the deadline for the end of LIBOR nears, financing market professionals are encountering a number of regulatory and economic challenges as they search for an appropriate substitute for LIBOR in their financing documentation and investment models. Meanwhile, borrowers and issuers who will have to obtain funding following the end of LIBOR are concerned about funding costs.
Join us to learn about the current posture of regulators on post-LIBOR market-pricing practices and how hedge and other investment funds are coping as they ready themselves for the post-LIBOR world.
About the Speaker
Paul Denham is a London-based financing partner at Morgan Lewis. He advises clients on a wide range of leveraged finance, general banking, insolvency, and restructuring matters, and acts for senior and mezzanine lenders, credit funds, borrowers, and private equity sponsors on acquisition financings and secured-lending transactions. He has been following and speaking extensively on developments in the end of LIBOR.
Denham’s presentation will be followed by the Alternative Investment Committee’s year-end celebration. Beer, wine, and finger foods will be served.
Frank Packard, Chair
Christopher Wells, Jenifer Rogers, and Pieter Franken, Vice-Chairs
ACCJ Alternative Investment Committee
NOTE 1: This event is ON THE RECORD.
NOTE 2: If you cancel after the stated deadline, the full meeting fee will be charged to your account. All guests must be accompanied by an ACCJ member. Sorry, no substitutions or walk-ins.
The London Inter-Bank Offered Rate (LIBOR) is expected to be phased out after the end of 2021. Due to price-fixing scandals attending its use by financing parties, among other things, regulators in the UK and many other jurisdictions are requiring banks, investment banks, and other lenders to discontinue quoting or using LIBOR in financial documentation.
As the deadline for the end of LIBOR nears, financing market professionals are encountering a number of regulatory and economic challenges as they search for an appropriate substitute for LIBOR in their financing documentation and investment models. Meanwhile, borrowers and issuers who will have to obtain funding following the end of LIBOR are concerned about funding costs.
Join us to learn about the current posture of regulators on post-LIBOR market-pricing practices and how hedge and other investment funds are coping as they ready themselves for the post-LIBOR world.
About the Speaker
Paul Denham is a London-based financing partner at Morgan Lewis. He advises clients on a wide range of leveraged finance, general banking, insolvency, and restructuring matters, and acts for senior and mezzanine lenders, credit funds, borrowers, and private equity sponsors on acquisition financings and secured-lending transactions. He has been following and speaking extensively on developments in the end of LIBOR.
Denham’s presentation will be followed by the Alternative Investment Committee’s year-end celebration. Beer, wine, and finger foods will be served.
Frank Packard, Chair
Christopher Wells, Jenifer Rogers, and Pieter Franken, Vice-Chairs
ACCJ Alternative Investment Committee
NOTE 1: This event is ON THE RECORD.
NOTE 2: If you cancel after the stated deadline, the full meeting fee will be charged to your account. All guests must be accompanied by an ACCJ member. Sorry, no substitutions or walk-ins.
