ISDA Releases Second Dodd-Frank Protocol (Financial Services Alert For April 2, 2013)

Edited by: Eric R. Fischer, Jackson B.R. Galloway and Elizabeth Shea Fries

In This Issue:

Goodwin Procter Alert and April 17 Seminar Provide Updates for Non-European Private Fund Managers on the European Union Alternative Investment Fund Managers Directive New Goodwin Procter ERISA Litigation Update Available ISDA Releases Second Dodd-Frank Protocol FRB, FDIC and OCC Issue Updated Guidance Concerning Leveraged Lending Federal Agencies Issue Guidance Concerning Revisions to Flood Disaster Protection Act Goodwin Procter Alert and April 17 Seminar Provide Updates for Non-European Private Fund Managers on the European Union Alternative Investment Fund Managers Directive

Goodwin Procter's Private Investment Funds Practice issued a Goodwin Procter Alert that provides an update for non-European private fund managers on rules under the European Union Alternative Investment Fund Managers (AIFM) Directive that, effective July 22, 2013, will govern the marketing and operation of alternative investment funds within the European Economic Area (EEA).

On April 17, 2013, Goodwin Procter will be hosting a breakfast seminar on the AIFM Directive in its Silicon Valley office. If you are interested in attending this event, please contact us here for more information.

New Goodwin Procter ERISA Litigation Update Available

Goodwin Procter's ERISA Litigation Practice published its latest quarterly ERISA Litigation Update. The update discusses:

a Ninth Circuit decision affirming the district court's rulings in the Tibble case previously reported in the ERISA Litigation Update. Tibble v. Edison International, Nos. 10-56406, 10-56415, 2013 WL 1174167, No. 11-56628, 2013 WL 1150788 (9th Cir. Mar. 21, 2013). a Fourth Circuit decision affirming dismissal of claims and summary judgment in a suit challenging a financial services company's use of proprietary products in its retirement plans. David v. Alphin, 704 F.3d 327 (4th Cir. 2013). a Second Circuit decision affirming in part, and vacating and remanding in part, a decision by the United States District Court for the Southern District of New York dismissing all claims as to the inclusion in two 401(k)-style plans that allowed participants to invest in the stock of the sponsoring employer. Taveras v. UBS AG, 708 F.3d 436, No. 12-1662, 2013 WL 692720 (2d Cir. Feb. 27, 2013). ISDA Releases Second Dodd-Frank Protocol

The International Swaps and Derivatives Association ("ISDA") released the ISDA March 2013 Dodd-Frank...