Insights
Egypt’s Personal Data Protection Regime vs. the GDPR: A Comparison
Financial Regulation: November 2026 Edition
UK Government Announces Mandatory Human Rights Due Diligence Law
Resource
The Latham US IPO Guide
An insider's guide to the IPO process in the United States.
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.
Unit Majority
during the Subordination Period, means at least a majority of the aggregate number of Outstanding Common Units and Outstanding Subordinated Units, voting as separate classes. After the Subordination Period, means at least a majority of the aggregate number of Outstanding Common Units.
Dry Closing
a lending transaction in which all of the documents are executed and delivered but no money flows, pending satisfaction of one or more Conditions Subsequent, at which point the Financial Closing will occur (i.e., the loans will be made).
Hard Call
a prepayment premium that has to be paid both for Voluntary Prepayments and Mandatory Prepayments. Even a Hard Call provision may include negotiated exceptions for certain Mandatory Prepayment provisions.
‘33 Act
another name for the Securities Act
Cash-and-Carry
a term that refers to purchasing a cash instrument and holding it for a period of time.

