Insights
Senate Advances 21st Century ROAD to Housing Act
Carbon Removals and Carbon Farming: Recent EU Developments
OCC Issues Proposal to Implement the GENIUS Act
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.
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.
Abstract
a document showing the Encumbrances and Liens associated with a certain Property. The Abstract includes the names of all the Property owners and documents that affect the Property, such as Mortgages, Deeds, Covenants, restrictions, Property taxes, and the like.
R-squared
a measure of how a Hedge Fund's returns are correlated compared to the broader market. Zero (0) indicates no correlation; one (1) indicates perfect correlation; minus-1 indicates a perfect inverse correlation.

