Insights
FDA on Peptides: A New Landscape for Compounders
DOJ Declines to Prosecute in First Healthcare Declination Under New Corporate Enforcement Policy
FCA Confirms Changes to UK MiFID Transaction Reporting Regime
Resource
The Latham US IPO Guide
An insider's guide to the IPO process in the United States.
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.
Net Asset Value (NAV)
the net value of a company’s total assets (not limited to real Property), after subtracting its total liabilities.
Strawman
an outline proposal or paper. Strawman often describes a preliminary summary version of the Structure Memorandum.
Pairs Trading
an investment strategy that involves matching a long position with a short position in two historically correlated stocks.
Slug
Technically, any land or acquatic gastropoda mollusk without a shell. Universally detested by gardeners as an obnoxious and highly destructive pest. Think of a snail without a shell. In restructuring, people speak of a Slug of debt generally when they mean a tranche of debt, or sometimes a large quantity of debt.
Yates Memo
named after author Deputy Attorney General Sally Yates, the memo formally titled “Individual Accountability for Corporate Wrongdoing” emphasized the Department of Justice’s focus on holding individual corporate executives accountable for corporate wrongdoing. The memo set forth six steps to reinforce the Department of Justice’s pursuit of individual wrongdoing.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
European Commission Publishes EU ETS Review, Proposing Significant Reforms
The proposed changes to the carbon pricing policy intend to balance industrial competitiveness with climate goals.
EU Methane Regulation: European Commission Recommends Delaying Penalties
New recommendations clarify compliance solutions for import requirements and propose a suspension of penalties for three years.
SEC Proposes to Make Electronic Delivery the New Normal
The proposal would establish an opt-out model in which e-delivery is presumed unless a recipient affirmatively elects to receive paper.
FCA Proposes Reforms to Remuneration Codes
The FCA is proposing to replace the existing Remuneration Codes for AIFMs, MiFID investment firms, and UCITS management companies with a single consolidated Code.
ESMA Launches Common Supervisory Action on Digital Operational Resilience of CASPs
Crypto custody services under the microscope: EU regulators turn their attention to compliance with digital operational resilience rules.
UK Financial Regulators Report on Growth and Competitiveness
The FCA and PRA share details on their annual progress across capital reform, compliance costs, authorisations, supervision, and innovation support in financial services.
Prediction Markets: ESMA Confirms Application of Binary Options Product Intervention Measures to Event Contracts
ESMA’s statement reinforces that existing EU Member State product intervention measures on binary options apply to event contracts which constitute financial instruments.
The NIS 2 Registration Gap How Cyber Incidents Can Expose Non EU Companies to Enforcement Risks
As the transposition of NIS-2 into EU national laws nears completion, organizations should carefully assess whether they fall into scope before a cyber incident occurs.