Insights
Active Enforcement of Saudi Arabia Privacy Regime: Implications for Businesses
DOD Proposes Rule Requiring Ownership and Control Disclosures for Most Awards Above $5 Million
OCC Preempts Illinois Interchange Fee Law
Resource
The Latham FPI Guide
Updated guide includes the topics that are of most interest to foreign private issuers and their advisors when engaging in US capital markets transactions.
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.
Somatic Cell
any Cell of the body other than reproductive Cells.
Pari Passu
If your Latin is a little rusty, this means “on equal footing” or equality of treatment, e.g., in a right of payment. In Startups, Pari Passu typically describes classes of Preferred Stock that have the same rights (as set forth in a company’s Charter).
Good Faith
acting honestly and fairly towards one’s counterparties. Similar to acting reasonably. Good Faith is also a critical component of a Director’s Duty of Loyalty.
Hydropower
power derived from the energy of falling or fast-flowing water.
Earn Out
a provision in a Mortgage ensuring that the Borrower will be able to obtain additional funds if certain conditions of the business are met. This allows for the Borrower to reap the benefits of projected earnings, since the lender is not willing to loan additional funds for those future earnings.

