Exact N=4 Supersymmetric Low-Energy Effective Action in N=4   Super-Yang-Mills Theory
  We review a recent progress in constructing the low-energy effective action of N=4 SYM theory. This theory is formulated in terms of N=2 harmonic superfields corresponding to N=2 vector multiplet and hypermultiplet. Such a formulation possesses the manifest N=2 supersymmetry and an extra hidden on-shell supersymmetry. Exploring the hidden N=2 supersymmetry we proved that the known non-holomorphic potentials of the form ln W ln \bar{W} can be explicitly completed by the appropriate hypermultiplet-dependent terms to the entire N=4 supersymmetric form. The non-logarithmic effective potentials do not admit an N=4 completion and, hence, such potentials cannot occur in N=4 supersymmetric theory. As a result we obtain the exact N=4 supersymmetric low-energy effective action in N=4 SYM theory. 
I.L. Buchbinder, E.A. Ivanov