LIBOR - SONIA Advice
Cabinet Office · London
Key facts
- Contract value
- £36,000
- Awarded
- 30 Jun 2021
- Contract starts
- 14 Jul 2021
- Contract ends
- 31 Dec 2021
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Central government
Awarded to
| Supplier | Value |
|---|---|
| Hogan Lovells International LLP | £36,000 |
Description
Provision of advice in relation to the requirement for consent to be given across a majority of the contracts in the PFI portfolio, in relation to the transition of the calculation of interest under project financing agreements, from LIBOR to SONIA, as required by the Bank of England. The advice will be provided in relation to the requirement for consent to be given by procuring authorities in general. Support will also be provided in the background on a pilot scheme to establish the principles on which consent should be given.
Categories (CPV)
- 79100000 Legal services
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