Capital Markets

Capital-intensive investment processes are a hallmark of the modern economy. Businesses often lack the capacity to make investments exclusively with their own resources and therefore require to have additional outside capital involvement. The capital market makes it possible to link those in need of capital with those who have a surplus thereof. The flow of capital takes place through transactions using financial instruments.

Due to the need to protect the interests of participants in trading in financial instruments, the national and EU legislators have regulated the capital market extensively and in detail. Knowledge of this regulation is crucial for the proper functioning in the capital market, for the achievement of the set objectives and also for the avoidance of possible administrative and criminal sanctions.

Scope of our services

• public and private offerings of shares, bonds and other securities;
• establishing collateral (including pledges, mortgages or guarantees) and acting as collateral administrator;
• admission and introduction of financial instruments to public trading on the Warsaw Stock Exchange, NewConnect, Catalyst, BondSpot and foreign stock exchanges;
• preparation of prospectuses, memoranda and other disclosure documents related to the public offering or the admission of instruments to public trading;
• delisting of financial instruments from public trading;
• assisting public companies in fulfilling their disclosure obligations;
• advising on the development of incentive programmes;
• handling the processes of acquiring and disposing of large blocks of shares in public companies, including the calls to subscribe for the sale of shares in public companies;
• representation of companies and investors in proceedings before the Financial Supervision Authority, in relations with the Stock Exchange and the National Depository for Securities, as well as in court and arbitration disputes with issuers of securities and financial institutions;
• legal services to public companies, including in particular the preparation of reports on the application of best practices, compliance procedures, pay policies, dividend policies, or non-financial reports;
• establishment of and legal services to investment funds, including in particular the preparation of documents and representation of clients in administrative proceedings before the Polish Financial Supervision Authority on matters related to their activities;
• legal services to investment fund associations and brokerage houses;
• establishment of and legal services to crowdfunding platforms.