 | DOL Issues Further Guidance on New Annual Reporting Requirements for Investment Fund Service Provider Compensation
22 July 2008 - On July 14, 2008, the Department of Labor (DOL) issued FAQs (frequently asked questions) intended to help with the administration and implementation of new annual reporting requirements issued on November 16, 2007, in the form of a revised Form 5500, applicable to most ERISA plans. Read >>
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| FAQs on Annual Return/Report of Employee Benefit Plan Form 5500 Schedule C
The Department of Labor's Employee Benefits Security Administration issued July 14 guidance in the form of 40 frequently asked questions and answers (FAQs) on Annual Return/Report of Employee Benefit Plan Form 5500 Schedule C (for reporting service provider compensation) for plan year filings beginning on or after Jan. 1, 2009. Read >>
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| Client Alert: SEC to Propose Liberalizing Changes to Securities Exchange Act Rule 15a-6
26 June 2008 - At an open meeting convened on June 25, 2008, the US Securities and Exchange Commission (SEC) approved the issuance for public comment of liberalizing amendments to Rule 15a-6 under the Securities Exchange Act of 1937 (the "Exchange Act"). Read >>
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| Client Update: Proposed Deferred Compensation Restrictions for Offshore Entities
3 June 2008 - Recently proposed federal legislation would, if enacted, dramatically limit the ability of certain offshore entities to provide nonqualified deferred compensation to US taxpayers. Read >>
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| Private Investment Fund Newsletter - Reporting Gifts, Entertainment And Other Payments To Union Officers Or Employees
May 2008 - The Department of Labor (the "DOL") maintains an "advisory" and a set of Frequently Asked Questions ("FAQ") on an employer's duty to report gifts and other payments to any labor organization or its officers, employees, or representatives. Read >>
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| Private Investment Fund Newsletter - Department of Labor Expands Annual Reporting Requirements for Service Provider Compensation
12 March 2008 - On November 16, 2007, the Department of Labor ("DOL") published a revised Form 5500 applicable to most ERISA plans, as well as accompanying regulations. Read >>
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| Supreme Court Decision in LaRue May Increase Potential Liability for Plan Fiduciaries but May Also Offer Additional Defenses
The Supreme Court issued on February 20, 2008 its much-anticipated decision in the case of LaRue v. DeWolff, Boberg & Associates, Inc. No. 06-86, 2008 WL 440748 (2008) Read >>
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| Client Alert: Indian Supreme Court Paves the Way to Challenge Foreign Arbitration Awards in India on Broad Public Policy Grounds
14 February 2008 - On January 10, 2008, the Supreme Court of India issued an important decision in the case Venture Global Engineering v. Satyam Computer Services, Ltd. regarding the enforcement in India of foreign arbitration awards. The decision has implications both for companies doing business involving India and for companies with substantial assets located in India. Read >>
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| Client Alert: Stoneridge Investment Partners v. Scientific-Atlanta, Inc., No. 06-43
15 January 2008 - In a case argued by Mayer Brown partner Stephen Shapiro and previously described by the Wall Street Journal as "the biggest securities-litigation court clash in a generation," the Supreme Court today affirmed that third parties who do not themselves mislead investors cannot be held liable for damages under Section 10(b) of the Securities Exchange Act even if their conduct facilitates the fraud of another. Read >>
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| Department of Labor Proposes Amendments to Regulation Interpreting Multiple Services Exemption
This newsletter outlines the new disclosure and contract requirements applicable to service arrangements with plans that have been proposed by the Department of Labor ("DOL") by amendment to its regulation interpreting the statutory multiple services exemption under Section 408(b)(2) of ERISA (the "Multiple Services Exemption"). Read >>
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| Private Investment Fund Newsletter - PBGC Determination Extends Pension Liabilities of a Portfolio Company to the Private Equity Fund hich
Controls It and to Other Portfolio Companies Controlled by the Fund
January 2008 - The U.S. Pension Benefit Guaranty Corporation ("PBGC") recently released a copy of a decision by its Appeals Board rendered on September 26, 2007, in which it concluded that a private equity fund was engaged in a trade or business for purposes of pension liabilities to the PBGC. Read >>
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| Private Investment Fund Newsletter - Pension Protection Act and New DOL Guidance Open Doors for Nondiscretionary Investment Advice to 401(K) Participants
March 2007 - The Pension Protection Act of 2006 (the "Pension Protection Act") includes the most sweeping changes to the fiduciary provisions of ERISA since its enactment in 1974. Among the most significant changes is a new statutory exemption intended to facilitate the provision of investment advice to plan participants. Read >>
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 | Mayer, Brown, Rowe & Maw named "Law Firm of the Year" by Private Equity Magazine
28 February 2007 - International law firm Mayer, Brown, Rowe & Maw LLP has been named 'Law Firm of the Year' at an awards ceremony held by Private Equity Magazine, the French publication dedicated to capital investment. The event which was held on 13 February 2007, honoured the most proactive capital investment professionals operating within France and the rest of Europe during 2006. Read >>
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| Mayer, Brown, Rowe & Maw LLP Adds Two Corporate Partners to its Private Equity Practice
22 January 2007 - Mayer, Brown, Rowe & Maw LLP is adding two partners to its Private Equity Practice, David H. Lee and Robert C. Davis III. Both are joining the firm's Chicago Corporate and Securities Practice from Kaye Scholer LLP. Read >>
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| Private Equity Fund Formation Partners Gary Jungels and Olga Loy Join Mayer, Brown, Rowe & Maw LLP's Chicago Office
12 September 2006 - The international law firm Mayer, Brown, Rowe & Maw LLP is pleased to announce the addition of partners Gary Jungels and Olga Loy. Mr. Jungels and Ms. Loy join the firm as partners in the Private Equity Practice from Kirkland & Ellis LLP, where they were partners specializing in the formation of buyout, venture and other private equity funds. Mr. Jungels and Ms. Loy have represented over 30 fund sponsors that have raised billions of dollars of capital, including from some of the largest institutional investors in the world. Read >>
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