Insights
Saudi Arabia Regulator Approves the Establishment of Simplified Investment Funds
Toxic Substances Control Act in Transition: EPA, Courts, and Congress Race to Define TSCA’s Future
Healthcare & Life Sciences: Drug Pricing Digest — Number 69
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.
Liquidity
the degree to which an asset can be converted into cash. While government-issued treasuries are considered highly liquid, a 49% interest in a Malaysian paper mill probably is not. The term can also be used to refer to a company’s ability to meet its near-term payments.
In the Money
The term describes Creditors who are not Out of the Money.
Unfunded Commitment
the amount of a loan that a lender has agreed to fund at Closing but has not yet funded. The Unfunded Commitment is the total amount of Commitments less the amounts funded at any point in time under the loan.
On The Block
in relation to a company or an asset, a description of the fact it is known that the business/asset has been put up for sale by its owners
Canadian Wrapper
a Canadian disclosure document that is wrapped around (or stapled to the front of) the US Offering Memorandum or Prospectus. The Canadian Wrapper is required in certain instances where Canadian (or provincial) law requires certain statutory disclosure on the cover of the offering document for sales in Canada.

