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In This Issue:
 
June 30 Deadline for Reporting Foreign Accounts to U.S. Department of Treasury 1
Private Funds Do Not Need To Deliver ADV Part II to Fund Investors 2
Judge Rules Against Hedge Funds in CSX Case, Requires Disclosure of Swap Positions 2
Proposed Legislation Passed by the U.S. House of Representatives Would Limit Deferral of Compensation for Offshore Hedge Fund Managers 3
New York City Proposes New Taxes on Fund Managers 4
California Shelves Registration Proposal 4
UK FSA Adds New Short Selling Rules During Rights Offerings 5
Third Decision on Hedge Fund Disclosure in Bankruptcy Case 6
U.S. District Court Affirms Denial of Recognition of Foreign Hedge Fund Bankruptcy 6
New York Appellate Court Upholds Nonsolicitation and Liquidated Damages Claims Under Partnership Agreements 7
 
   
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