Insights
Chambers Global Practice Guides: International Arbitration 2024 - Hong Kong
EPA’s Recent Power Plant Rules: What You Should Know
How to Start a Private Fund
Featured Resource
UK Online Safety Act 2023
A primer on the new law for relevant service providers, within and beyond the UK.
Energy & Infrastructure — Battery Energy Storage Trends
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.
Leaching
a movement of water that removes nutrients from soil. Rainfall or surface water runoff dissolves soluble matter in Landfills, and can contaminate the surrounding environment.
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).
Special Purpose Vehicle (SPV)
an entity created for a specific purpose, as opposed to a general operating entity. Can be (but isn’t always) a Bankruptcy Remote Vehicle, used for acquiring specific assets.
Unitranche
a type of debt that combines Senior Debt and Subordinated Debt into one instrument in order to simplify the debt structure and accelerate the acquisition process. The Borrower would typically pay a blended Interest Rate falling between the rates which would have been applicable for Senior Debt and Subordinated Debt.
Obligor
The collective name for Borrowers and Guarantors.