Seth Messner, a partner in the Structured Finance and Securitization practice, will participate in the "Legal Challenges Ahead for CLOs: LIBOR Reform and Volcker" panel discussion at 3:50 p.m. on Wednesday, May 23. Panelists will discuss questions such as:

  • LIBOR: Looking ahead to 2021: In what form and when will a successor benchmark rate to LIBOR be developed?
  • What specific or unique features should the LIBOR transition have for CLOs versus other loan products?
  • What are the pros and cons of a successor benchmark for CLOs matching those used for underlying loans?
  • Is it always the right decision to match the benchmark with the underlying assets, as in the case of leveraged loans?
  • What voting rights or consent rights will be associated with the switchover? How is the decision made and what level of investor engagement will be required?
  • What is the outlook for potential litigation as a result of retroactively applied benchmarks?
  • Volcker Rule repeal: How will it affect the banks?
  • Will this impact investors and managers?

For more information on the 7th Annual Investors’ Conference on CLOs and Leveraged Loans, please click here.

Sheraton New York Times Square Hotel
811 7th Avenue
New York, NY 10019