New Dechert Partner Steven W. Rabitz Discusses Revocation of the DOL’s Fiduciary Rule

Dechert has added Steven W. Rabitz as a partner in its employee benefits and executive compensation group. Based in the firm’s New York office, Rabitz’s practice focuses on the fiduciary responsibility, prohibited transaction and funding rules of the Employee Retirement Income Security Act of 1974 (ERISA); related tax code provisions; how they relate to financial products and services; and how they affect retirement plan consumers. Hedge Fund Law Report interviewed Rabitz in connection with his move to Dechert, and this article presents his thoughts on his practice as an ERISA lawyer, developments in the area and the revocation of the Department of Labor’s fiduciary rule. For more from Rabitz, see “Recent Developments Affect Classifications of Control Groups and Fiduciaries Under ERISA” (Apr. 14, 2016); and our three-part series on considerations under ERISA for European hedge fund managers: “Liability and Incentive Fee Considerations” (Sep. 24, 2015); “Prohibited Transaction, Reporting and Side Letter Considerations” (Oct. 1, 2015); and “Indicia of Ownership and Bond Documentation Considerations” (Oct. 8, 2015). See also our four-part series by Rabitz and his colleague Andrew Oringer, “A ‘Clear’ Guide to Swaps and to Avoiding Collateral Damage in the World of ERISA and Employee Benefit Plans”: Part One (Jul. 28, 2016); Part Two (Aug. 4, 2016); Part Three (Aug. 11, 2016); and Part Four (Aug. 25, 2016).

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