Trading
Policies & Procedures
We’ll Help You Identify Legal Gaps Before They Cost You.
Kolobara Law Firm provides comprehensive evaluation, drafting, training, and implementation services for trading/risk management policies and procedures, with clearly defined objectives and deliverables including the following:
Enabling mandatory training requirements
for all trading personnel to ensure that the most current and appropriate regulatory
requirements are timely communicated to everyone involved in the trading/risk management activities;
Demonstrating clear and consistent enforcement
including appropriate sanctions for violating policies and procedures.
Clearly defined appetite for risk
from a corporate viewpoint, including the exposure and position limits, stop loss limits, approved trading strategies and products, as well as regional markets.
Ensuring that there is unequivocal emphasis
on creating and maintaining a culture of compliance both internally and externally,
including, but not limited to: anti-manipulation rules and prohibited trading strategies, price reporting rules, generation and capacity rules, shipper-must-have rules, exchange position limit rules, large trader reporting requirements, and bona fide hedge definition;
Outlining a clear directive and authority
from the governing body (Board/Audit Committee/Risk Oversight Committee), authorizing the operational implementation of trading policies and procedures and the approved practices governing the trading and exposure
management activities, as well as management’s accountability with respect to the compliance of trading and exposure management activities in accordance with the policies and procedures.
Implementing a clear segregation of duties
on the trade floor including up-front deal flow analysis, independent monitoring (including independent valuations, price curves, models, and stress testing), and effective reporting (mid-market and daily mark-to-market)
Clearly defined appetite for risk
from a corporate viewpoint, including the exposure and position limits, stop loss limits, approved trading strategies and products, as well as regional markets.
Sufficient documentation
Verifying that there is sufficient documentation to ensure consistent and adequate legal and contractual protections across portfolio(s);
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What is Kolobara Law Firm, LLC?
Kolobara Law Firm, LLC is a boutique legal practice based in Omaha, Nebraska, dedicated to serving the energy and commodities industries. We provide tailored legal services focused on trading contracts, credit risk, regulatory compliance, and energy market transactions.
What areas of law do you focus on?
We focus on:
– Energy and commodity trading, transport and hedging contracts.
– Credit and risk management, netting agreements, corporate guarantees, and letters of credit
– Regulatory compliance (FERC, CFTC, Dodd-Frank).
– Physical products and financial derivatives (e.g., ISDA, EEI, WSPP, NAESB agreements).
– Renewable energy credits and emissions trading, NGL and LNG transactions
Who leads the firm?
Our firm is led by Miki Kolobara, Esq., an experienced energy attorney with over 20 years in senior legal roles at major energy companies. He has advised on complex trading, credit, and compliance matters for organizations such as Energy Transfer, Dynegy, DTE Energy Trading, and Salt River Project.
Who are your clients?
We represent:
– Energy trading companies.
– Utilities and power generators.
– Natural gas and crude oil producers and gathering companies, pipelines and marketers.
– Renewable energy firms and data center operators.
– Financial institutions and brokers active in energy derivatives.
What sets Kolobara Law Firm apart?
We offer:
– Deep industry experience from both legal and commercial perspectives.
– Direct, personalized client service and real-time support.
– Strategic legal solutions aligned with business objectives.
– Efficient contract negotiation and risk mitigation strategies.
– Thoughtful compliance support tailored to today’s regulatory landscape.
Your Partner for Trade Agreements
Address
12020 Shamrock Plaza, Suite 200
Omaha, NE 68154
Fax (402) 778-5135
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