Insights
President Trump’s Cyber Strategy and Executive Order Combating Cybercrime: Key Takeaways
OCC Finalizes Rule on National Trust Bank Activities
UK MHRA Launches Consultation on Indefinite Recognition of CE-Marked Medical Devices
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.
Bullet Maturity
when the entire principal of a Bond or Term Loan is due and payable on the Maturity Date (i.e., there is no Amortization prior to maturity).
Nacelle
the box-like enclosure on top of a WTG Tower that holds the gearbox, generator, drive train, and brake assembly.
Bank Book
shorthand for the Confidential Information Memorandum (or CIM) used to Syndicate the bank loans.
Custodian
the person or entity in charge of the record or control of an ESI File. Sometimes, but not always, a Custodian is the author of the document. Other times they are a much-loved elementary school staff member.
High Splits
when the holder of the Incentive Distribution Rights (often the General Partner) is receiving distributions at the highest marginal percentage (typically 48 percent, exclusive of the General Partner Interest), it is sometimes said that the holder is “in the high splits.” See Incentive Distribution Rights.

