Insights
HM Treasury Confirms Reforms to the UK Consumer Credit Regime
Key Regulatory Updates for Hong Kong Listed Companies — March/April 2026
Latham in Focus: Inside the Rise of Prediction Markets
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.
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.
Non-Custodial
the Decentralized storage of Private Keys by a user (rather than by an Intermediary Custodian) in relation to Wallets or Exchanges.
See also Self-Custody.
Parent
the main document in a Family (typically a cover email). Children are attached to Parents to comprise a single Document Family.
Rule 10b-5
the SEC rule regarding employment of manipulative and deceptive practices. Rule 10b-5 is one of the most important SEC rules. This rule seeks to prohibit fraud or deceit in connection with the purchase or sale of any Security, including insider trading.
National Oil Company (NOC)
an oil company that is owned, completely or in the majority, by a national government, as opposed to an oil company that is independently owned. Examples of NOCs include Pemex (Mexico), Eni (Italy) and Saudi Aramco (Saudi Arabia).

