FacultyFaculty/Author Profile
Michael S. Sackheim

Michael S. Sackheim

Sidley Austin LLP

New York, NY, USA


Mr. Sackheim concentrates on exchange-traded and over-the-counter derivatives regulatory, transactional and enforcement matters, including structured products.  He advises financial and commercial entities on the implications of Title VII of the Dodd-Frank Act. 

Memberships and Affiliations

Past Chair, New York City Bar Derivatives Regulation Committee. 
Managing Editor, Futures & Derivatives Law Report (Thomson Reuters, publ.). 
Member, Thomson Reuters Governance, Risk and Compliance, Business Law Partner Advisory Board.
Member, Futures Industry Association, Law & Compliance Division.

Recent Publications

  • The Duck That Broke the Camel’s Back:  What SIFMA v. CFTC Means for U.S. Swaps Regulation (Futures Industry Magazine, November 2014)
  • US Swaps Compliance for Multinationals (IFLR.com, August 26, 2014)
  • End User Exception from Dodd-Frank Clearing Mandate and Trade Execution Requirement (Harvard Law School Forum on Corporate Governance and Financial Regulation Online, August 2014)
  • Structuring In Good Faith – Transactions that Will and Won’t Run Afoul of U.S. Swap Anti-Evasion Rules (International Financial Law Review, February 2014)
  • Professional Responsibility Issues for Swaps Lawyers Under Dodd-Frank (Review of Securities & Commodities Regulation, November 2012)
  • Four Critical Issues Affecting Commodity Pools and Derivative Transactions Under Proposed Regulations Implementing the Volcker Rule (Futures & Derivatives Law Report, June 2012)
  • In the Aftermath of MF Global (Law360, December 21, 2011)
  • Dodd-Frank Act Has Its First Birthday, But Derivatives End Users Have Little Cause to Celebrate (Harvard Business Law Review Online, July 2011)
  • Position Limits for Commodity Derivatives Under Dodd-Frank (Thomson Reuters Accelus™  - Business Law Currents, June 21, 2011)
  • Ethical Issues for Lawyers Under the Dodd-Frank Wall Street Reform and Consumer Protection Act:  Lawyer Representations Under the End-User Swap Exemption (Securities Regulation & Law Report, June 6, 2011)
  • Commodities Regulation and Derivatives (Chapters 3 and 16, Derivatives:  Legal Practice and Strategies, Aspen Publishers, 2010)
  • Deconstructing Dodd-Frank:  Regulation of Over-the-Counter Derivatives (Practical Law, November 2010)
  • Knocking on the Clearinghouse Door (Futures & Derivatives Law Report, August 2010)
  • Energy Prosecutions:  Is the CFTC Out of Gas? (Futures & Derivatives Law Report, December 2009)
  • DB Commodity Index Tracking Fund:  An Innovative Exchange-Traded Fund (Futures Industry Magazine, May/June 2006)
  • Derivatives, Issuers & Counsel:  Reporting of Material Violations (Derivatives Week, December 22, 2004)
  • False Reporting of OTC Energy Transactions (Review of Securities & Commodities Regulation, August 2004)
  • Ethical Standards for New York Brokerage House Attorneys (Review of Securities & Commodities Regulation, October 2000)
Michael S. Sackheim is associated with the following items:
Transcripts  Transcripts Ethics - Ethics, Monday, April 12, 2010
Enforcement and Ethics: When the Deal Goes Wrong, Enforcing Corporate Agreements and the Importance of Boilerplate; Ethical Issues in Drafting Corporate Agreements - Enforcement and Ethics: When the Deal Goes Wrong, Enforcing Corporate Agreements and the Importance of Boilerplate; Ethical Issues in Drafting Corporate Agreements, Thursday, January 06, 2011
Enforcement and Ethics -- A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate; B. Ethical Issues in Drafting Corporate Agreements - Enforcement and Ethics -- A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate; B. Ethical Issues in Drafting Corporate Agreements, Thursday, January 05, 2012
Ethics - Ethics, Monday, February 13, 2012
Derivatives and Professional Responsibility - Derivatives and Professional Responsibility, Friday, October 19, 2012
Derivatives Regulation and its Impact on Securitization - Derivatives Regulation and its Impact on Securitization, Thursday, December 06, 2012
Ethics Issues for Securitization Lawyers - Ethics Issues for Securitization Lawyers, Thursday, December 06, 2012
Enforcement and Ethics: A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate; B. Ethical Issues in Drafting Corporate Agreements - Enforcement and Ethics: A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate; B. Ethical Issues in Drafting Corporate Agreements, Thursday, January 03, 2013
Ethics - Ethics, Friday, March 15, 2013
A. Structuring and Negotiating Earn-Outs B. Ethics in Negotiating and Documenting Transactions C. Fiduciary Duties of Directors and Majority Shareholders - A. Structuring and Negotiating Earn-Outs B. Ethics in Negotiating and Documenting Transactions C. Fiduciary Duties of Directors and Majority Shareholders, Wednesday, June 12, 2013
Derivatives and Professional Responsibility - Derivatives and Professional Responsibility, Wednesday, October 23, 2013
Enforcement and Ethics: A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate B. Ethical Issues in Drafting Corporate Agreements - Enforcement and Ethics: A. When the Deal Goes Wrong: Enforcing Corporate Agreements and the Importance of Boilerplate B. Ethical Issues in Drafting Corporate Agreements, Wednesday, January 15, 2014
Ethics - Ethics, Wednesday, March 12, 2014
Ethics in Negotiating and Documenting Transactions - Ethics in Negotiating and Documenting Transactions, Monday, June 09, 2014
B. Ethical Issues in Drafting Corporate Agreements - B. Ethical Issues in Drafting Corporate Agreements, Thursday, January 15, 2015
Ethics in Negotiating and Documenting Transactions - Ethics in Negotiating and Documenting Transactions, Wednesday, June 17, 2015
CHB Chapters  CHB Chapters Professional Responsibility Issues Focusing on Title VII of the Dodd-Frank Act (December 2013) - Investment Management Institute 2014, Thursday, March 06, 2014
Professional Responsibility Issues - Acquiring or Selling the Privately Held Company 2014, Tuesday, April 29, 2014
Ethics for Financial Industry Lawyers (January 2014) - PLI's Chicago Ethics Programs , Wednesday, April 30, 2014
Hypothetical - PLI's Chicago Ethics Programs , Wednesday, April 30, 2014
Key Professional Responsibility Issues Under Title VII of the Dodd-Frank Act (July 2014) - Advanced Swaps & Other Derivatives 2014, Thursday, October 16, 2014
Drafting and Negotiating Corporate Agreements 2015 - Drafting and Negotiating Corporate Agreements 2015, Friday, January 09, 2015
Hypothetical - PLI Ethics Programs: Winter/Spring 2015, Friday, February 20, 2015
Ethics for Financial Industry Lawyers 2015 - PLI Ethics Programs: Winter/Spring 2015, Friday, February 20, 2015
Key Professional Responsibility Issues Under Title VII of the Dodd-Frank Act (October 2014) - Investment Management Institute 2015, Thursday, March 05, 2015
Professional Responsibility Issues - Acquiring or Selling the Privately Held Company 2015, Monday, April 27, 2015
Course Handbooks  Course Handbooks PLI's Chicago Ethics Programs
PLI Ethics Programs: Winter/Spring 2015, New York, NY
On-Demand Web Programs  On-Demand Web Programs Acquiring or Selling the Privately Held Company 2014, Friday, June 20, 2014, New York, NY
Advanced Swaps & Other Derivatives 2014, Friday, October 31, 2014, New York, NY
Drafting and Negotiating Corporate Agreements 2015, Friday, January 23, 2015, New York, NY
Ethics for Financial Industry Lawyers 2015, Friday, March 06, 2015, New York, NY
Investment Management Institute 2015, Friday, March 20, 2015, New York, NY
Acquiring or Selling the Privately Held Company 2015, Friday, June 26, 2015, New York, NY
Web Segment  Web Segment Derivatives and Professional Responsibility - Advanced Swaps & Other Derivatives 2014, Monday, October 20, 2014
B. Ethical Issues in Drafting Corporate Agreements - Drafting and Negotiating Corporate Agreements 2015, Thursday, January 15, 2015
Ethics - Investment Management Institute 2015, Tuesday, March 10, 2015
Ethics in Negotiating and Documenting Transactions - Acquiring or Selling the Privately Held Company 2015, Wednesday, June 17, 2015
MP3 Audio  MP3 Audio Derivatives and Professional Responsibility - Derivatives and Professional Responsibility, Monday, October 20, 2014
B. Ethical Issues in Drafting Corporate Agreements - B. Ethical Issues in Drafting Corporate Agreements, Thursday, January 15, 2015
Ethics for Financial Industry Lawyers 2015, Friday, February 20, 2015
Ethics - Ethics, Tuesday, March 10, 2015
Ethics in Negotiating and Documenting Transactions - Ethics in Negotiating and Documenting Transactions, Wednesday, June 17, 2015
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Derivatives and Professional Responsibility - Derivatives and Professional Responsibility, Monday, October 20, 2014
B. Ethical Issues in Drafting Corporate Agreements - B. Ethical Issues in Drafting Corporate Agreements, Thursday, January 15, 2015
Ethics for Financial Industry Lawyers 2015, Friday, February 20, 2015
Ethics - Ethics, Tuesday, March 10, 2015
Ethics in Negotiating and Documenting Transactions - Ethics in Negotiating and Documenting Transactions, Wednesday, June 17, 2015
Live Seminar  Live Seminar Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, New York, NY
Ethics for Financial Industry Lawyers 2016, Friday, February 19, 2016, New York, NY
Live Webcast  Live Webcast Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, New York, NY
Ethics for Financial Industry Lawyers 2016, Friday, February 19, 2016, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, Pittsburgh, PA
Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, Mechanicsburg, PA
Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, Boston, MA
Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, Philadelphia, PA
Advanced Swaps & Other Derivatives 2015, Tuesday, October 20, 2015, New Brunswick , NJ
Ethics for Financial Industry Lawyers 2016, Friday, February 19, 2016, Atlanta, GA
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