Insights
US Banking Regulators Propose to Refocus Supervision on Material Risks and Eliminate Use of Reputation Risk
Key Elements of the Football Governance Act 2025
Italian Council of Ministers Approves in a Preliminary Review the Legislative Decree Modifying the Consolidated Financial Act
Report
One Big Beautiful Bill: Key Business and Investment Impacts
The Act makes permanent many expiring TCJA provisions and changes key features of US tax law applicable to businesses and investments.
Latham in Focus Video Series
The Book of Jargon Series – Word of the Day®
The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.
Delay and Pray
A variation on the predominant means of restructuring in some countries, in which the maturities of debt instruments are extended through out-of-court agreements, without deleveraging of the company or formulation of a business plan and financial projections that would lead to repayment or refinancing of debts; see Amend and Extend and Amend and Pretend.
Maturity Date
generally, in the Startup context, the date on which a Convertible Promissory Note or other Debt outstanding must be repaid in full.
Points to Consider (PTC)
documents issued by the FDA that are not necessarily regulations or guidelines, but represent the thinking of the FDA at a certain point in time. Points to Consider can serve to clarify FDA thinking with regard to different topics such as processes, policies and procedures.
Safe Drinking Water Act / SDWA
a US federal law that aims to protect public health by regulating drinking water and its sources — rivers, lakes, reservoirs, springs, and groundwater wells — throughout the United States. Under the SDWA, the EPA sets standards aimed at protecting against both naturally occurring and man-made contaminants that may be found in drinking water. The EPA, states, and water systems then work together to meet these standards.
HODL
a misspelling of “hold” that refers to the act of maintaining ownership of an Asset for a long period of time regardless of market sentiment and volatility. HODL has also been interpreted as an acronym for “Hold On for Dear Life.”
See also BUIDL.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
New York Establishes CERCLA-Like Liability for Inactive Hazardous Waste Disposal Sites
New statute allows the government to recover costs and natural resource damages from a broad set of PRPs.
UK Regulators Finalise Updates Bank Remuneration Rules
The regulators have tweaked the final rules in places to grant more flexibility to firms.
SEC Staff Issues No-Action Letter for DePIN Token Distributions
The first of what may be a series of crypto no-action letters supports the view that programmatic token distributions serving as network incentives are not securities.
The 2025 US Government Shutdown: Update on IRS Operations
As the shutdown continues, taxpayers should expect longer wait times and ramifications for the 2026 filing season.
FCA Consults on Motor Finance Redress Scheme
The proposed scheme covers three types of arrangements that are presumed to be unfair.
The 2025 US Government Shutdown: What It Means for Federal Litigation
The shutdown’s effect on federal court proceedings is in flux. For now, most litigants should expect business as usual in the nation’s courthouses, at least in private civil matters.
CARB Publishes List of Companies Subject to California Climate Disclosure Laws
The agency simultaneously issued a survey to validate the list.
Navigating the 2025 US Government Shutdown
With the government shutdown in effect, many federal agencies are operating with limited staff, leading to delays in regulatory approvals, permits, and federal contracts.