capital markets

Investments in securities by managers of public companies

A management board member, with access to confidential company information, is subject to a number of restrictions on buying or selling shares of the company, on his own or another’s account.

Is the Alternative Investment Fund Managers Directive already in force in Poland?

Poland has yet to adopt regulations implementing AIFMD, but that does not mean that nothing will change on the Polish market for private equity and closed investment funds in the next few months, before the new regulations are enacted here.

The future of securitisation

The recommendations published recently by the Financial Stability Board may result in more rigorous regulation of securitisation transactions.

2013 brings further changes in laws governing the capital market

A number of changes in two key laws governing the capital market—the Investment Funds Act and the Public Offerings Act—will go into effect in 2013.

Can a company defend against a hostile takeover?

When reports become public of plans for a hostile takeover of an exchange-listed company, the question arises whether the company may take any measures to oppose the takeover.

New rules for settling securities transactions

A bill to amend the Act on Trading in Financial Instruments was adopted on 28 June 2012