Regardless of a type of transaction (public offering, over-the counter takeover of a public company, take-over bid, de-listing), the task of a legal advisor is not only to properly prepare the offering and contractual documentation, but also to guide the client from the beginning of the project until its closing.
This includes providing support in negotiations of the financial advisor’s mandate, proper preparation of the transaction’s structure and schedule, smooth cooperation with the supervision authorities, central depository and stock exchange, as well as settling numerous details in the course of the transaction and after the closing. Even simple “passporting” of securities pursuant to EU prospectus regime requires precise planning and careful execution.
Members of our team have participated in numerous projects of that kind, from small to large, in almost every role a lawyer can assume. These include the IPO of Softbank, PKN Orlen, PKO BP, TVN, AmRest, Pegas, ACE and Libet, many public tenders, buy-back programs for TP SA, Impel and ACE own shares, public tender forced buyout of shares of Vantage Development SA, as well as a number of non-prospectus offerings of public companies.
We are among the few Polish law firms willing and able to draft the entire description of the issuer, instead of legal parts of the prospectus only. We belong to the handful of non-in-house lawyers who understand the operational aspects of clearing and settlement system for financial markets.