The Local Government and Social Care Ombudsman (LGSCO) has published a number of recent reports from October 2025. This round-up covers key findings and recommendations, in relation to education and housing.

The Local Government and Social Care Ombudsman (LGSCO) has published a number of recent reports from July 2025. This round-up covers highlights of the reports containing upheld decisions, including in relation to social care.

The Lebanese and International Arbitration Center of the Beirut Bar Association (LIAC-BBA) has announced its first Beirut Arbitration Days, scheduled for 20-22 May 2025 at Maison de l'avocat, Beirut. The conference seeks to establish Beirut as an arbitration hub in the MENA region, bringing together international practitioners, scholars and experts. LexisNexis joins as an official partner, alongside support from major arbitration institutions including the International Chamber of Commerce (ICC), Dubai International Arbitration Centre (DIAC) and the Chartered Institute of Arbitrators (CIArb).

The London Interbank Bid Rate—the rate of interest quoted by banks in the London Interbank Market at which they are willing to borrow money i.e. bid for deposits from other institutions

The London Interbank Offered Rate (LIBOR) is the daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank lending market).

ARCHIVED: This Practice Note has been archived and is not maintained. Scope of the tracker This tracker sets out developments related to the transition away from LIBOR to risk-free rates starting from 2018. It provides updates in relation to each of the LIBOR currencies and contains separate sections for regulatory updates and for cross-currency updates. The euro section also contains information on the transition from EONIA to €STR. The final section of the tracker sets out anticipated next steps in relation to LIBOR transition. For more information on the background to the transition away from LIBOR and other IBORs towards using RFRs, as well as information on the specific issues for the loan market, derivatives market, and debt capital markets of the adoption of RFRs, see Practice Note: LIBOR transition. For information on basing a facility agreement on risk-free rates instead of LIBOR, see Practice Note: Interest provisions in risk-free rate based loan agreements. This tracker does not cover updates in relation to the EU Benchmarks Regulation. For information on this, see: Benchmarks Regulation—timeline

This refers to the contractual arrangements in place if LIBOR is unavailable.

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note provides: • information on the background to the transition away from London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) towards using risk-free rates (RFRs) (so named because they reflect minimal credit risk—see glossary definition below) • an explanation of key terms in relation to the transition to RFRs • a table setting out the RFR selected for each LIBOR currency and the focus of the relevant Working Group • an explanation of contractual fallbacks for LIBOR • information on the specific issues for the loan market of the transition to RFRs • information on the specific issues for the derivatives market of the transition to RFRs • information on the specific issues for the debt capital markets of the transition to RFRs, and • information on the current status of developments in relation to EURO benchmarks, including EONIA, €STR and EURIBOR For a quick reference guide, a list of FAQs on LIBOR transition, and key outstanding

Our LIBOR transition collection is an interactive guide to the transition away from LIBOR to risk-free

All currencies and tenors of LIBOR ceased or became unrepresentative at the end of December 2021 with the exception of overnight, 1, 3, 6 and 12 month USD LIBOR which continues to be published until end-June 2023. Fast forward four months and what progress has been made and what, if anything, is there still left to do?   Synthetic LIBOR and statutory replacement rates For the currencies and tenors that have now ceased or become unrepresentative, it is fair to say that, after a great deal of work from regulators, industry bodies and market participants themselves, the transition to risk-free rates has been fairly smooth. 1, 3 and 6 month GBP and JPY LIBOR continue to be published as ‘synthetic’ LIBOR for the time being, but, as noted by the Bank of England in its meeting on 26 January 2022, the number of legacy transactions relying on them is relatively small, assisted by widespread adherence to the ISDA Protocol and a concerted effort by the lending markets in Q4 last year. However,

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note compares the conventions used in the loan and swap markets for sterling, US dollar, Euro and Swiss franc interest rate benchmarks referencing risk-free rates (RFRs) and is intended to help hedging lawyers identify potential mismatches and sources of basis risk. Loan and swap RFR conventions for legacy transactions—comparison table Currency and RFR Conventions recommended for existing loan facilities and sources Conventions used in applicable ISDA Fallback Rate and sources Additional information Pounds sterling (GBP)SONIA Working Group on Sterling Risk-Free Rates (RFRWG)Working Group on Sterling Risk-Free Rates Detailed Loans Conventions (updated March 2021)Best Practice Guide for GBP Loans (updated March 2021) Fallback Rate (SONIA)Fact Sheet IBOR FallbacksIBOR Fallback Rate Adjustments Rule BookRFR Conventions and IBOR Fallbacks—Product Table Interest methodology Compound in arrearsWhile the market has shown a preference for compounding the rate rather than compounding the balance, several methods exist to calculate SONIA compounded in arrears

Stop press: LIBOR, including synthetic LIBOR, ceased to be published following 30 September 2024. Please note that this Practice Note is no longer being maintained. ARCHIVED: This Practice Note was archived and is not maintained. This Practice Note provides focused information on legislative solutions put forward in the US, UK and EU for addressing the issue of tough legacy contracts in the context of the cessation of the London Interbank Offered Rate (LIBOR). It: • explains what is meant by ‘tough legacy contracts’ and why they are an issue • summarises the legislative solutions put forward in the UK, US and EU and the current status of the legislation • discusses to what extent the legislative solutions may address the tough legacy issue, with a particular focus on the UK, and • includes a table comparing key aspects of the legislative solutions Further information on LIBOR transition can be found in the following: • LIBOR transition toolkit • Introductory guide to LIBOR transition • Practice Note: Interest provisions in