Greenspoon Marder’s Harlan Greenman Joins NYC Bar Association Working Group For New York Legislation Seeking Libor Sunset Solution
Jan 10, 2020
New York, NY
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.
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