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Petr Vybiral

Partner

Prague

Vybiral Petr
Petr Vybiral

Partner

Prague

Petr has extensive experience in representing various parties on a wide range of financing and capital markets transactions, including loan and bond financings, refinancings and restructurings, public takeovers, equity issues and offerings, covered bonds, regulatory capital instruments, derivatives and structured finance transactions. He has also advised major financial institutions and corporations on the capital markets and other financial regulations in the Czech Republic and assisted in the preparation of their standard documentation in the space of loans, securities, derivatives and other structured finance products. 

Petr is also a member of the Remonstrance (Appeals) Committee of the Czech National Bank and is well-known for his unique expertise in the field of covered bonds and other types of secured financings. Petr has been regularly recognized in each of Chambers, Legal 500 and IFLR1000 as highly sought banking and capital markets expert and as a leading or recommended lawyer. "Petr is a towering figure in the area of capital markets and receives glowing praise from peers and clients alike. One client enthuses: 'He understands all issues in capital markets and is one of the greatest experts, is always willing to share knowledge, offers feasible solutions, understands business to a great extent and detail, and puts things into terms I can understand'." CHAMBERS 2018 

Noteworthy experience includes advising:

  • Czech Banking Association and all major Czech banks in respect of the reform of Czech covered bonds and other capital markets legislation with a view to aligning the local legal regime with Western European standards and EBA best practices on covered bonds.
  • JP Morgan and other joint bookrunners and initial purchasers in respect of two subsequent EUR300mn international secured high-yield bond issuances and offerings by SAZKA, the market leader for both numerical lotteries and instant lotteries in Europe.
  • MUFG Securities EMEA plc acting as arranger on the EUR175m financing, development, construction, and operation of 280 MW Alpaslan II dam and hydro power plant located in Muş province in Turkey.
  • Česká spořitelna (subsidiary of Erste), J&T, Komerční banka (subsidiary of Société Générale) and UniCredit as joint lead managers on the domestic standalone bond issuance of SAZKA worth CZK 6bn.
  • JP Morgan as the sole lead manager on two subsequent domestic subordinated Tier 2 capital bond issuances by MONETA Money Bank.
  • UniCredit as arranger and BNP Paribas and LBBW as dealers in connection with updates of EUR5bn international covered bond programme of UniCredit Bank Czech Republic and Slovakia.
  • CSOB (subsidiary of KBC) as an issuer in connection with establishment, updates and extensions of its debt issuance programme for issuance of senior unsecured bonds and its retail structured note (investment certificate) programme, including multiple drawdowns thereunder.
  • Česká spořitelna as the sole lead manager, fiscal, paying and security agent, in relation to repeated standalone secured and guaranteed bond issuances by various entities from the Polish MCI group.
  • UniCredit in respect of entering into a whole range of master agreements (ISDA, GMRA, GMSLA, Czech Master Agreement and others) and any ancillary or related documentation with a variety of local and international counterparties as well as various regulatory aspects.
  • Citi and its Czech (Prague) branch in relation to implementation of MiFID II and related legislation in the Czech Republic, including in respect of various local as well as broader compliance aspects of MiFID II implementation and the impacts on their processes, reporting, internal documentation and client facing documentation as well as amendments to that documentation.

News & insights

News: 23 APRIL 2020

Major success for Allen & Overy in the IFLR Europe Awards

Allen & Overy has had success in four categories in the annual International Financial Law Review (IFLR) Europe awards, the winners of which were announced today.

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Publications: 17 APRIL 2020

MiFID 2.5 (or 3) – What you need to know during 2020

As required by the existing framework, the MiFID II review has begun but what is not clear at this stage is whether it will be a complete re-write or simply MiFID 2.5.   

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Publications: 09 APRIL 2020

Covid-19 coronavirus: Upcoming changes relating to derivatives and similar financial transactions with Czech counterparties

The Czech Parliament is debating a set of new draft bills that are likely to affect a myriad of financing transactions on the Czech market. The bills are expected to enter into force fairly quickly in…

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Publications: 03 APRIL 2020

Covid-19 coronavirus: Impending changes to Czech insolvency law

The Czech government has submitted to the Parliament a proposal for temporary changes to Czech insolvency law aiming to mitigate the impact of the measures adopted in combating the coronavirus SARS…

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Office

Prague

Allen & Overy (Czech Republic) LLP, organizační složka
V Celnici 4
Prague
11000

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Qualifications

Professional

Admitted to the Czech bar association, 2009

Academic

LLM, Columbia Law School, New York, 2009-2010

Mgr., Faculty of Law, Charles University in Prague, 2006

Bc., University of Economics in Prague, 2006

Faculty of Law, University of Regensburg, Germany, 2003-2004

Pro-bono experience

  • Petr has extensive experience in representing various parties on a wide range of financing and capital markets transactions, including loan and bond financings, refinancings and restructurings, public takeovers, equity issues and offerings, covered bonds, regulatory capital instruments, derivatives and structured finance transactions. He has also advised major financial institutions and corporations on the capital markets and other financial regulations in the Czech Republic and assisted in the preparation of their standard documentation in the space of loans, securities, derivatives and other structured finance products.
  • Petr is also a member of the Remonstrance (Appeals) Committee of the Czech National Bank and is well-known for his unique expertise in the field of covered bonds and other types of secured financings. Petr has been regularly recognized in each of Chambers, Legal 500 and IFLR1000 as highly sought banking and capital markets expert and as a leading or recommended lawyer.
  • Working with Caritas Czech Republic, archdiocesan charity in Prague, to support families and kids living in sub-Saharan Africa.
  • Working with Pride Business Forum and Prague Pride to support diversity and inclusion in the Czech Republic, including signing on behalf of the A&O Prague office of the Pride Business Forum Memorandum 2017+ on support of LGBT+ diversity and inclusion in workspace and on active promotion of equality principles.
  • Running Volkswagen Prague Marathon (2016) and Birell Grand Prix (2017) to raise financial contributions for Mamma Help centres supporting women with breast cancer. 
  • Working with and supporting on on-going basis The Duke of Edinburgh’s International Award Czech Republic Foundation in relation to a number of beneficial and educational events. 
 

Experience highlights

Recognition

Awards

Best Law Firm for Capital Markets

CZECH LAW FIRM OF THE YEAR AWARDS 2018

Czech Law Firm of the Year

IFLR European Awards 2013

Czech Law Firm of the Year

IFLR European Awards 2017

Published work

  • Vybíral, P., Kirner, T.: Fintech in the Czech Republic. In: Global Legal Insights Guide – Fintech. 1st ed. London: Global Legal Group Ltd. (2019) 
  • Vybíral, P.: The issuer’s perspective – Czech Republic. In: ECBC: European Covered Bond Fact Book (2019)
  • Vybíral, P., Živanský, J.: Financial Assistance in the New Attire. In: Recodification & Practice (Rekodifikace & Praxe) 7/2014
  • Lasák, J., Pokorná, J., Čáp, Z., Doležil, T. and co-authors: Act on Business Corporations: Commentary. 1st ed. Prague. Wolters Kluwer 2014.
  • Horáčková, S., Myšáková, P., Pavlů, R., Vybíral, P.: Pledge of Enterprise in the New Civil Code. In: Judge (Soudce) 12/2013, p. 31 et seq.
  • Lasák, J., Vybíral, P., Jemelka, L., Kotásek, J., Němec, L. and co-authors: Act on Takevover Bids: Commentary. 1st ed. Prague. Wolters Kluwer 2012.