Insights
Treasury Seeks Public Comment on CFIUS Process Improvements and Known Investor Program
Section 45Z Proposed Regulations: Key Changes and Guidance for Clean Fuel Producers
Latham in Focus: Tariff Fraud’s New Frontier
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.
Tranche
French for a slice or a portion, commonly used to describe each time an investment is made in connection with a Financing that has multiple Closings. As an example, if a Series A Financing has three Closings, you could refer to this as a Financing with three Tranches.
Jus Cogens
an absolute rule of general international law, defined under Article 53 of the VCLT as:
“a norm accepted and recognized by the international community of States as a whole as a norm from which no derogation is permitted and which can be modified only by a subsequent norm of general international law having the same character.”
Dematerialization
a term used in economics to describe the absolute or relative reduction of materials needed to support economic functions in society.
Riparian Right
the right belonging to landowners to use water that flows naturally either on or adjacent to their Property.
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.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
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.
SEC Staff Provides Clarity on the Custody of Cryptoasset Securities
The Staff statement provides a framework for broker-dealers seeking to maintain “physical possession” of digital asset securities, emphasizing operational security and risk mitigation.
Washington State’s Amended PFAS Rule Restricts New Product Categories and Adds Total Fluorine Threshold
The amended rule adds to the growing patchwork of state-level PFAS laws and to compliance burdens.
FCA Publishes Update to Cryptoasset Gateway
The update will create significant time pressure for firms seeking UK authorisation.