Cheryl Isaac Photo

Cheryl L. Isaac

Senior Counsel

Overview

Cheryl represents clients in a variety of complex financial transactions, including interest rate swaps and other derivatives products, venture debt finance, commercial lending, cryptocurrencies, and digital asset offerings. 

In her derivatives practice, she drafts and negotiates ISDA documentation (including the ISDA Master Agreement, Schedule, Credit Support Annex and related documents) for interest rate, foreign exchange and commodities derivatives, and advises clients on compliance with Title VII of the Dodd-Frank Act and related rules and guidance issued by the Commodity Futures Trading Commission (CFTC) and other federal regulators.

She also represents both borrowers and lenders in various lending transactions, focusing on traditional bank loans as well as customized debt finance solutions for start-up and early growth companies.

Cheryl is considered an expert on the LIBOR phase-out and its impact on derivatives and cash markets, and regularly speaks on panels and in webinars on this topic. 

 

In addition, Cheryl is a founding member of the firm’s Blockchain, Digital Currencies & Smart Contracts industry group, in which she advises clients on the evolving laws and regulations that apply to cryptocurrencies and digital assets. She works with both start-up and established companies to ensure that they are in compliance with CFTC and FinCEN regulations, the Bank Secrecy Act, and various state licensing requirements. She also advises clients on the potential impact of blockchain technology and smart contracts in the areas of derivatives, banking, and commodities trading.

Prior to joining Michael Best, Cheryl practiced law in the Derivatives group of a global law firm in Washington, D.C. She began her legal career in the Structured Finance practice group of a global law firm based in New York City. Cheryl also previously served as a legal intern for Investment Advisor Association and as a law clerk for Senator Charles E. Schumer, in his Senate Judiciary Committee office.

Professional Activities

  • Member, District of Columbia Bar Association, Corporation, Finance and Securities Law Section
  • Board Member, Women’s Bar Association Foundation of the District of Columbia
  • Member, American Bar Association, Section on Business Law and Derivatives and Futures Law Committee
  • Member, International Swaps and Derivatives Association, Inc.

Education

Admissions

Community Involvement

  • Board and Executive Committee Member, Anti-Defamation League
  • Associate Trustee, Washington Lawyers Committee for Civil Rights and Urban Affairs
  • Member, D.C. Bar Association Foundation Young Lawyers Network Leadership Council

Education

Admissions

Community Involvement

  • Board and Executive Committee Member, Anti-Defamation League
  • Associate Trustee, Washington Lawyers Committee for Civil Rights and Urban Affairs
  • Member, D.C. Bar Association Foundation Young Lawyers Network Leadership Council
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