Greenspoon Marder’s Harlan Greenman Joins NYC Bar Association Working Group For New York Legislation Seeking Libor Sunset Solution

News Jan 10, 2020

New York, NY – January 10, 2020 – Greenspoon Marder is proud to announce that Harlan Greenman (of counsel) has joined the New York City Bar’s working group that is coordinating with the Alternative Reference Rates Committee concerning potential New York State legislation to address the post-end of LIBOR interest rate determination for legacy loans lacking clear and effective contractual provisions. The Alternative Reference Rates Committee (ARRC) is a group of private-market participants convened by the Federal Reserve Board and the New York Fed to help ensure a successful transition from U.S. dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR). The ARRC is comprised of a diverse set of private-sector entities that have an important presence in markets affected by USD LIBOR and a wide array of official-sector entities, including banking and financial sector regulators, as ex-officio members.

Harlan Greenman is a member of the Real Estate group at Greenspoon Marder LLP. He has extensive experience in all aspects of complex commercial real estate, including financing, restructurings, workouts, development, sales and acquisitions, office and retail leasing, and joint ventures. He also has significant experience in connection with construction agreements, hotel management agreements and architect agreements. He has represented owners, investors and developers of office, hotel, multi-family residential and industrial properties, as well as banks and private lenders in connection with the acquisition, disposition and financing of commercial real property, and represented landlords and tenants in connection with office, retail and restaurant leases, in New York City and nationally.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 225 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Greenspoon Marder’s Harlan Greenman Joins NYC Bar Association Working Group For New York Legislation Seeking Libor Sunset Solution

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