Peter Rankin and Andrew Tepperman wrote an article entitled “Avoiding Windfalls: The Basic Economics of Prejudgment Interest,” which appeared in the July-September 2013 issue of Corporate Disputes, a Financier Worldwide online magazine. In the article, they discuss translating a damages award for conduct that occurred in the past into present-day value.
The end of LIBOR: Which benchmark rate for pre-award interest?
LIBOR was discontinued for most currencies at the end of 2021, with only USD LIBOR set to be discontinued in 2023.[1] As noted earlier, LIBOR has been widely...