Banking & Finance

Financial regulation

We are one of the rare law firms in Poland with a specialized team dedicated to financial services and financial institutions regulatory matters. We cover the full spectrum of financial regulated activity, including banking, leasing, lending, investment, insurance, and payment services, based on national and EU regulations (including CRR, MiFID/MiFIR, AIFMD, UCITS, BMR, CSDR and EBA guidelines). We regularly handle complex regulatory projects and proceedings in front of the Polish Financial Supervision Authority (KNF) and the Office for Competition and Consumer Protection (UOKiK). We skillfully combine an interdisciplinary approach with in-depth sector-specific knowledge and understanding of the expectations and practices of the regulator.

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For more on our financial regulatory practice see: link

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Finance

Our experienced team acts in all types of domestic and international financing transactions, across all sectors of the economy. We help clients with transaction structuring and documentation, as well as restructuring projects. We represent both lenders and borrowers, which gives us the necessary understanding of the needs and expectations of both parties to the transaction. Over the years, we have contributed to the development of a number of solutions and market standards that are now generally accepted on the Polish market.

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Our expertise encompasses, among others:

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Energy financing

Energy projects (both in the area of renewable energy, including wind farms, PV, and in the conventional energy sector) are a significant part of project finance practice. We work closely with our energy law practice, leveraging our colleagues’ in-depth sectoral expertise.

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Real estate finance

We regularly advise investors, developers and banks on projects for the financing and refinancing  of commercial properties (office buildings, logistics centers, retail facilities) and housing properties.

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Acquisition financing

In cooperation with our M&A practice, we advise clients on structuring the financing of M&A transactions, both private and public, and on the execution of such financings. We also advise lenders financing acquisition projects.

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Sustainable finance

We have unique experience in green and sustainability-linked (SLL) financing, which includes preparing sustainable finance frameworks (SFF) for a number of leading Polish banks, setting market standards in Poland.

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International Financial Institutions

Thanks to many years of cooperation with such institutions as the EBRD, World Bank, IFC and the European Investment Bank, we know and understand the nature and special expectations of international financial institutions (IFIs).

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Trading in receivables and securitization

We advise clients on securitization projects, leveraging our experience to tailor each transaction to the nature of the transferred receivables and to the requirements of finance providers. We have advised the largest Polish banks on the transfer or sale of mortgage-secured receivables involving retail clients, with a total value of over PLN 20 billion. We regularly advise on factoring transactions, inter alia structuring the documentation pertaining to special types of factoring (e.g. reverse factoring).

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Bonds and DCM

We work on financing projects using debt instruments, advising issuers, offerors and bondholders. Our experience covers both private and public transactions, bond issue programs, and high yield bond projects. We have advised Polish entities in connection with issues on the US market launched under Rule 144A and Regulation S.

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Cross-border finance

We regularly participate in international projects, including global financing or refinancing of capital groups, and advise on the structuring, negotiating and documentation of comprehensive collateral packages. We regularly cooperate closely in this area with leading foreign and international law firms operating in key global financial markets.

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Restructuring

We have participated in the biggest and the most complex domestic and international restructurings. Our transactional team works closely with our litigation department which regularly advises on the most complex bankruptcy and composition proceedings in Poland. This gives us a unique perspective and allows us to provide optimal solutions to our clients.