Insights
Tax Structuring of Up-C Convertible Debt
FCC Expands Oversight of Licensees and Other Regulated Entities Subject to Foreign Adversary Control
Decoding the Exchange Act ABS Definition: A Practical Guide to Classifying Structured Finance Transactions
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.
Mainnet
the operating copy of a Blockchain that effectuates the purpose of such Blockchain. For example, the Bitcoin Mainnet operates to transfer Bitcoin from one public address to another.
In contrast, see Testnet.
Debenture
a Bond with a maturity longer than 10 years. Bonds with a maturity of 10 years or less are usually called Notes.
Clawback
when a bankruptcy court requires a creditor to return assets or payments that are determined to be Preferential Transfers or Fraudulent Transfers. Clawback actions are always highly fact-specific and may involve a range of potential defenses, even if the statutory elements for a prima facie claim are met.
Write-Offs
a colloquial term for tax deductions in the oil and gas industry, including Tangible Drilling Costs, IDCs and Depletion allowances.
Crystallisation
The process under English law whereby a Floating Charge becomes a Fixed Charge over the assets to which it relates. Crystallisation can take place as a result of a notice (e.g., after an Event of Default) or, in some circumstances, may occur automatically on an Event of Default or other agreed event.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
Federal Court Partially Upholds Illinois Law Limiting Interchange Fees
The decision clears a legal path for state-level regulation of credit and debit card swipe fees (while striking down data usage restrictions), setting the stage for a high-stakes appeal.
Project Vault: The Promises and Pitfalls of the Critical Minerals Stockpile Initiative
The recently announced stockpile represents significant opportunities, but much of that depends on unresolved details that companies must continue to monitor.
District Court Vacates the “New” HSR Form — What Next?
The ruling impacts those with HSR filings expected to be submitted on or after February 20, 2026.
SEC Staff Issues Statement on Tokenized Securities
The Staff statement provides a technology-neutral framework for understanding securities tokenization models and emphasizes the consistent application of the securities laws to such models.
UK Parliamentary Committee Publishes Report on AI in Financial Services
The Committee believes that the financial services regulators are not doing enough to manage the risks presented by AI.
FCA Consults on UK SRS-Aligned Disclosure Rules for UK Listings
The FCA is seeking views on proposals to update its climate-related disclosure rules for listed issuers to align with the new UK SRS.
UK Government Consults on Significant Legislative Changes to Merger Control Regime
The consultation aims to make jurisdictional thresholds more predictable, enhance the CMA’s political accountability, and improve interactions between businesses and the regulator.
OCC Proposes Regulation to Clarify Permissible Activities for Trust Banks
The Proposal addresses recent comments about the scope of permissible activities for national trust banks, as applications to charter new banks continue to be filed.