Insights
Congress Enacts Changes to Outbound Investment Security Program
HM Treasury Proposes to Significantly Reduce Scope of UK BMR
European Institutions Reach Agreement on Sustainability Omnibus
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.
Barrel
the unit of measurement typically used to gauge oil volume in the United States, where a standard Barrel contains 42 US gallons. Elsewhere, oil is commonly measured in cubic meters or tonnes (known in the US as a metric ton, which is 1,000 kilograms).
Footsie
slang term for the FTSE 100 index of the LSE’s leading Shares by market capitalization
Basis Trader
A trader who invests in an asset by purchasing the asset in the cash market and selling the same asset at the same time via Credit Default Swap. The result of such position is that the trader is not taking a view on the credit risk of the underlying asset but rather focuses on the difference in pricing of the asset in the cash and synthetic markets.
Feather / Feathering
a method of controlling torque on a Wind Turbine Rotor by decreasing the area of Blade surface exposed to the wind.
Pac-Man Strategy
in a hostile takeover situation, when a takeover Target company launches a tender offer for the company that is trying to acquire it.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
HM Treasury Proposes to Significantly Reduce Scope of UK BMR
Under the proposals, only designated benchmarks or benchmark administrators would be regulated.
OCC Continues to Move Digital Assets Into the Banking System
The OCC affirmed that certain cryptoasset activities are part of, or incidental to, the business of banking and conditionally approved five national trust bank charters for digital asset entities.
Federal Agencies Move to Return the Endangered Species Act to 2019 Interpretation
Proposed rules would reverse Biden-era regulations under the ESA and return to the regulatory framework implemented during the first Trump administration.
OCC and FDIC Withdraw From Leveraged Lending Guidance
Banks subject to the Agencies’ jurisdiction will now be expected to manage leveraged lending using general risk management principles for safe and sound lending.
Privy Council Issues Pivotal Judgment on Misrepresentation
The Credit Suisse judgment has significant implications for claims in deceit.
SEC Staff Issues No-Action Letter for Fuse Crypto Token
The NAL provides incremental clarity for innovators in the digital asset space and reduces legal risk for similarly structured rewards tokens.
Less Tickbox, More Toolbox: 4 Key Takeaways From Latest SFO Guidance on Corporate Compliance Programmes
Internal controls must be tailored, proportionate, and risk-based — not just a “paper exercise.”
Trump Administration Proposes New Rule Defining Waters of the United States
The proposed rule would scale back federal jurisdiction under the Clean Water Act.