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Nick Allen
Special Counsel
Fried, Frank, Harris, Shriver & Jacobson LLP

Nick Allen is a special counsel in the Financial Services Group. He advises clients on the structuring and trading of complex derivatives and structured financial products. Nick has substantial experience with the setup and ongoing operation of structured note and tender option bond programs, counseling on issues arising under the federal securities laws and advising clients in the negotiation of trading agreements and equity, currency, commodity, fixed income and municipal derivative transactions.

Nick also works closely with the Corporate Group on a variety of equity derivatives-related matters, including advising activist hedge funds on securities and derivatives trading issues, equity forwards, convertible note hedges and monetization issues.

In 2021, Chambers USA recognized Nick as “Up and Coming” in Capital Markets: Structured Products – USA Nationwide.

Nick received his J.D., magna cum laude, from St. John’s University School of Law, where he served as Notes & Comments Editor of the St. John’s Law Review, and his B.S. from the University of Miami. He is admitted to practice in the State of New York.

Practice Areas

  • Derivatives & Structured Products
  • Financial Regulation
  • Municipal Derivatives
  • OTC Derivatives

Admissions

  • New York

Education

  • St. John's University School of Law
    J.D., 2012, magna cum laude
  • University of Miami
    B.S., 2009

Recent Articles & Comments

November 15, 2022

Though expected, this is welcome news as it affords maximum time until LIBOR ICE Swap Rate's ("LIBOR ISR") discontinuance. Nonetheless, parties should not delay in ensuring that legacy transactions are amended as needed to allow for a rate transition upon LIBOR ISR's discontinuance, whether by adherence to the ISDA Fallbacks Protocol and related Benchmark Module, bilateral amendment or otherwise.

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November 14, 2022

These amendments received support from SIFMA and, thanks to technological advances since this Rule's 1987 adoption, should not prove onerous as 95 percent of corporate debt offerings are now priced, allocated to investors and traded in the secondary market within the same day. Additionally, these requirements are still less exacting than those for municipal debt securities, which, since 2009, have required final settlement of syndicate accounts within 30 days of settlement.

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September 02, 2022

For those who have been following the swap rate issue generally, or had exposure to the GBP LIBOR ICE Swap Rate, nothing in IBA's consultation will come as a surprise. That said, participants with USD LIBOR ICE Swap Rate exposure should consider whether simply waiting until June 30, 2023 is ideal, or if some earlier date tied to underlying volumes would be preferred to ensure that - as volumes shift to the SOFR-based rate - there are not extended periods of non-publication due to…

August 20, 2022

Even if a determination were made that information providers offer investment advice and, therefore, are within the definition of an “investment adviser,” it is unclear how subjecting their activities and services to the existing regulatory framework would increase investor safety or market soundness, given that the existing framework was designed to address entirely different actors providing significantly different services.

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