Nihal Patel is a special counsel in the firm’s Financial Services Group. He counsels both financial institutions and “buy-side” market participants on a variety of regulatory and compliance issues relating to securities and derivatives trading. This includes, inter alia, advice as to numerous aspects of broker-dealer regulation and swap regulatory issues arising under Title VII of the Dodd-Frank Act.
Nihal also has substantial experience in drafting and negotiating prime brokerage, derivatives, and other trading and financing documentation. He has been a member of Cadwalader teams representing industry and trade groups, including ISDA (drafting documentation for addressing CFTC regulations adopted under Dodd-Frank), SIFMA (margin for TBAs and derivatives capital rules) and the Alternative Reference Rates Committee (benchmark transition). He also has been a speaker on these and related topics at industry conferences in the United States and abroad.
Nihal is a contributor to the chapters on trading and dealings with customers in Lofchie’s Guide to Broker-Dealer Regulation and the swap definition, margin, and employees chapters of Lofchie’s Guide to CPO/CTA Regulation. In 2018 and 2019, he was named an Associate to Watch in Financial Services Regulation: Broker Dealer (Compliance) in Chambers USA.
He earned his B.A. from Northwestern University and his J.D. from the Northwestern University School of Law, where he served on the board of the Northwestern University Law Review. Nihal is admitted to practice in the State of New York.