By: Jennifer M. Egan, Esq. On July 27, 2017, the U.K. Financial Conduct Authority announced that the London interbank offered rate (LIBOR) may be phased out after the end of 2021. Many tax-exempt bonds and interest rate swaps use a LIBOR-based interest rate. If such instruments are modified to replace the LIBOR index with another interest rate index, tax consequences can arise, such as triggering a reissuance of tax-exempt bonds or a deemed termination of a swap. Therefore, on October 8, 2019 ...
News & Events
Government Finance Officers Association of Connecticut
UKS attorneys Michael P. Botelho and Jennifer M. Egan will be attending the Government Finance Officers Association (GFOA) CT 2019 Fall Quarterly Meeting, held in Portland, CT on Thursday November 7, 2019. The conference will provide attendees with information on pension administration, trends in CT public sector pension and OPEB plans, trusts, workplace burnout and stress and networking opportunities with public finance officials throughout Connecticut. As part of their public finance practice ...