Hunton Retail Law Resource

Recently, it was reported that the UK Financial Conduct Authority will discontinue the London interbank offered rate ("LIBOR"), at the end of 2021. LIBOR is an interest rate index used in calculating floating or adjustable rates on trillions of dollars in loans, bonds, derivatives and other financial contracts. What happens under derivatives transaction documents when LIBOR is discontinued?

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Measuring your costs against the competition is an important tool for staying competitive and minding the bottom line. Benchmarking studies performed by outside consultants are an increasingly common way for businesses to gain insight into how their contracts stack up against others' in the industry. In an age where retailers rely on outside vendors to provide many integral functions, making sure you are getting the best deal matters.

In May, Hunton & Williams is pleased to host in-person forums in its Charlotte and Dallas offices, bringing together industry experts in technology and procurement to discuss some of the most pressing legal and business issues facing customers in this space. These forums are hosted with the support of ISG. Our program topics include software audits and contract lifecycle management. These forums are designed to provide an in-depth understanding of these issues, as well as key practical and legal principles to apply on a routine basis.

Emboldened by its recent victory in SAP v. Diageo (2017) EWHC (TCC) 189, SAP may become even more opportunistic when it comes to auditing its customers’ use of various SAP products. On February 16, 2017, the England and Wales High Court of Justice, Queen’s Bench Division (Technology and Construction Court) ruled that the use by Diageo’s sales representatives and customers of various software systems that pulled data from and pushed data to Diageo’s instance of mySAP ERP, even though there was no direct access to or use of mySAP ERP by such sales representatives or customers, constituted impermissible access to and use of mySAP ERP under Diageo’s license agreement with SAP.