Client Alert

| June 26, 2009

Limited Extension of June 30, 2009 FBAR Filing Deadline for Certain Taxpayers

On June 25, 2009, Dewey & LeBoeuf LLP issued a client alert1 addressing filing requirements potentially applicable to investors in foreign hedge funds and other alternative investment funds. As indicated in that client alert, certain representatives of the Internal Revenue Service (the “Service”) have indicated that foreign hedge (and other alternative investment) funds should be subject to filing requirements under Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (“FBAR”).

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

Hershel Wein

+1 212 259 6165

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383