Bonds issues

MFW’s lawyers have unique expertise and extensive experience in the matters related to the issuing of bonds as well as other debt instruments.

MFW’s lawyers have been involved in numerous bond (particularly corporate bonds) issues, including, among others:

  • advised the companies issuing the bonds (the issuers), the entities acquiring the bonds (the bondholders), as well as the investment firms servicing the bond issues (including the bond brokers and issue agents),
  • drafted the issue documents for the offering and introduction of the bonds, including the structured products, to trading on the capital market, and represented the issuers before the public authorities in the proceedings for the approval of the offering documents,
  • advised the entities offering foreign financial instruments in Poland, including debt financial instruments admitted to trading in the European Union Member States,
  • provided comprehensive legal advice to the closed-end investment funds on the securitisation of assets through bond issues; and
  • represented the bondholders in court proceedings, including both against the bond issuers and in their relations with the security administrators.

Our advice covers the full range of activities related to preparing and carrying out the issues of the bonds and other debt instruments, representing the issuer before the National Depository for Securities, the Warsaw Stock Exchange or the Polish Financial Supervision Authority and supervising the fulfilment of the obligations set out in the terms and conditions of the bonds.

We provide comprehensive legal services covering the entire bond issue process – from analysing the issue feasibility and the terms and conditions of the bonds, drafting (or reviewing) the issue resolutions, verifying the legal solutions for the establishment of the optimum security, drafting the full issue documentation, providing legal support for conducting the bond offering (subscription) process, registering the bonds with the National Depository for Securities, and, finally, monitoring the issuer’s redemption of bonds. We also support the issuers whose bonds/notes were introduced to trading on the regulated market in fulfilling their disclosure obligations.

We cooperate with courts and notaries in establishing the security provided for in the terms and conditions of the bonds as well as with other entities participating in the issues, including, among other, the issuer’s representatives and advisors involved in the distribution of the bond offers to potential bondholders.

Completed projects

  • Kredyt Inkaso SA

    Advising in the proceedings before the Polish Financial Supervision Authority for the approval of the base prospectus of the bond issue program up to the total amount of PLN 150,000,000.


Awards and rankings

The highest quality of services provided by the lawyers of the capital markets team has been repeatedly appreciated by professional publications and rankings as well as industry organizations.

  • IFLR1000
  • Legal 500
  • Chambers Europe
  • PSIK
  • MergerMarket
  • CEE Mergers and Acquisitions

In the IFLR1000 2023 ranking, MFW Fiałek were  awarded in the field of M&A practice and in the Capital markets: Debt and Capital markets: Equity.

In the IFLR1000 2023 ranking, MFW Fiałek were awarded in the field of M&A practice, obtaining a high position in Tier 4.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the IFLR1000 2022 ranking, MFW Fiałek were  awarded in the field of M&A practice and in the Capital markets: Debt and Capital markets: Equity.

In the IFLR1000 2022 ranking, MFW Fiałek were awarded in the field of M&A practice, obtaining a high position in Tier 4.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the IFLR1000 2021 ranking, MFW Fiałek were awarded in the field of M&A practice.

In the IFLR1000 2021-22 ranking, MFW Fiałek were awarded in the field of M&A practice, obtaining a high position in Tier 4.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the IFLR1000 2019 ranking, MFW Fiałek were awarded in the field of M&A practice.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the IFLR1000 2019 ranking, MFW Fiałek were awarded in the field of M&A practice.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the IFLR1000 2018 ranking, MFW Fiałek were awarded in the field of M&A practice.

Partner Mirosław Fiałek was distinguished as “Highly Regarded” in the field of M&A.

In the Legal 500 2024 ranking, MFW Fiałek was awarded in the field of Capital Markets practice.

In the Legal 500 2023 ranking, MFW Fiałek was awarded in the field of Capital Markets practice.

In the Legal 500 2019 ranking, MFW Fiałek was awarded in the field of Commercial, Corporate and M&A practice.

In the Legal 500 2018 ranking, MFW Fiałek was awarded in the field of Commercial, Corporate and M&A practice.

In the Legal 500 2017 ranking, MFW Fiałek was awarded in the field of Commercial, Corporate and M&A practice.

In the Legal 500 2016 ranking, MFW Fiałek was awarded in the field of Commercial, Corporate and M&A practice.

In the Chambers Europe 2024 ranking, MFW Fiałek law firm has been distinguished in the Corporate & M&A: Mid Market category, advancing to Band 3 this year compared to our previous position:

“MFW Fiałek climbs the rankings as a result of strong market support. The team advises on a full range of corporate matters, including acquisitions, joint ventures and corporate structuring. The team has experience advising international investors, including private equity funds. Its clients include domestic conglomerates as well as international companies.”

Mirosław Fiałek, our managing partner, has once again been recognised as a recommended lawyer in the Corporate & M&A: Mid Market category. Mirosław Fiałek maintained his position in the ranking and was indicated at Band 2.

According to Chambers Europe Mirosław Fiałek showcases extensive activity and market recognition at the mid-market level. Fiałek is proficient at handling acquisitions and restructuring procedures.”

In the Chambers Europe 2023 ranking, MFW Fiałek law firm has been distinguished in the Corporate & M&A: Mid Market category:

MFW Fiałek enters the rankings as a result of strong market support. The team advises on a full range of corporate matters, including acquisitions, joint ventures and corporate structuring. The team has experience advising international investors, including private equity funds. Its clients include domestic conglomerates as well as international companies.

Mirosław Fiałek, our managing partner, has once again been recognised as a recommended lawyer in the Corporate & M&A: Mid Market category. His position in this ranking has strengthened and this year he has been designated as Band 2.

According to Chambers Europe Mirosław Fiałek showcases extensive activity and market recognition at the mid-market level. Mirosław Fiałek is proficient at handling acquisitions and restructuring procedures.

In the Chambers Europe 2022 ranking, Partner Mirosław Fiałek was awarded in the Corporate/M&A: Mid-Market category in Band 3.

Mirosław Fiałek has joined the ranking ‘after showcasing extensive activity and market recognition at the mid-market level’. In addition, he has been recognized as an expert in handling acquisitions and restructuring.

In the Chambers Europe 2012 ranking, Partner Mirosław Fiałek was distinguished as “Up and Coming” in the area of Private Equity practice and was identified as “a lawyer valued both for his particular attention to detail and the ability to see the full picture of the situation” and as “one of the most promising lawyers in the field of private equity in Poland.”

The Private Equity practice, led by Partner Miroslaw Fiałek, is a finalist in the “legal advisor” category of the PSIK Awards competition, organised by the Polish Private Equity and Venture Capital Association. The law firm is among the five law firms in Poland that were nominated.

The Private Equity practice, led by Partner Miroslaw Fiałek, was a finalist in the “legal advisor” category of the PSIK Awards competition, organised by the Polish Private Equity and Venture Capital Association. The law firm was among the four law firms in Poland that were nominated.

In 2019, the Partner Mirosław Fiałek was classified as one of the most active lawyers in the field of M&A practice in the entire CEE region.

In 2018, MFW Fiałek were recognised as the best boutique law firm of the year, receiving an award at the CEE Mergers and Acquisitions Awards 2018.

  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2024
  • 2023
  • 2019
  • 2018
  • 2017
  • 2016
  • 2024
  • 2023
  • 2022
  • 2012
  • 2022
  • 2020
  • 2019
  • 2018
Practices
  1. 01. Mergers and acquisitions
  2. 02. Private equity, venture capital
  3. 03. Acquiring an investor
  4. 04. Share offers
  5. 05. Bonds issues
  6. 06. Due diligence
  7. 07. Real estate and investment process
  8. 08. Acquisitions, capital market transactions
  9. 09. Collateral administration
  10. 10. Investment funds
  11. 11. Regulatory advice
  12. 12. Corporate law
  13. 13. Restructuring
  14. 14. Obtaining finance
  15. 15. Dispute resolution
  16. 16. Competition law
  17. 17. Manager option programs
  18. 18. Labour law
  19. 19. Intellectual property
  20. 20. Personal data protection