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Petr Vybiral

Partner

Email

petr.vybiral@aoshearman.com

Phone

+420 222 107 173

Offices

Prague

V-CARD
Petr delivers top-notch legal solutions for various financing and capital markets matters. He has a wealth of experience in handling loan and bond transactions, refinancings and restructurings, public takeovers, equity offerings, covered bonds, regulatory capital instruments, derivatives, and structured finance transactions. He also helps major financial institutions and corporations navigate the complex capital markets and financial regulations in the Czech Republic and develop their standard documentation for loans, securities, derivatives and other structured finance products. Petr is a member of the Czech National Bank's Remonstrance (Appeals) Committee and a renowned expert in covered bonds and other secured financings. He is consistently ranked as a highly sought banking and capital markets expert and a leading or recommended lawyer by Chambers, Legal 500 and IFLR1000.

Expertise

Industries

Experience

Representative matters

  • Dr. Max group on their first retail bond issue on the Czech capital market in a total nominal value of CZK5bn.
  • Colt CZ Group SE (formerly CZG – Česká zbrojovka Group SE), a leading European producer of firearms, on its IPO and the listing of its shares on the Prime Market of the Prague Stock Exchange.
  • A subsidiary of a multinational financial institution, and other lenders, on the senior financing of Allwyn, EUR1.6bn, including a further increase of EUR335m.
  • Raiffeisenbank on its EUR500m issuance of senior non-preferred MREL-eligible sustainable notes issued under its international debt issuance programme. It is a transaction which is unique in the entire CEE region.
  • A subsidiary of a multinational financial institution on the 2022 update of its EUR7bn international mortgage covered bond programme and the subsequent three EUR500m mortgage covered bond issuances under the programme, including a first ever green mortgage covered bond issuance by a Czech bank.
  • Kommunalkredit Austria and Komerční banka (subsidiary of a multinational financial institution), on the syndicated leveraged infrastructure acquisition financing of Cube Infrastructure Fund III’s purchase of MVV Energie CZ, a leading Czech energy network. 
  • W.A.G payment solutions plc (Eurowag) on its EUR200m IPO on the London Stock Exchange.
  • Initial purchasers in relation to a EUR1.3bn high yield issuance by Allwyn. 
  • Česká spořitelna as joint lead manager and Komerční banka (subsidiary of a multinational financial institution) as joint lead manager and administrator in relation to CZK1.93bn Czech law-governed standalone bond issuance by Colt CZ Group SE (formerly CZG – Česká zbrojovka Group SE).
  • Česká spořitelna (a subsidiary of Erste) as sole arranger and coordinator and joint lead manager, and Komerční banka (subsidiary of a multinational financial institution) and Československá obchodní banka (a subsidiary of an insurance company) as joint lead managers, on two domestic issuances of Czech Koruna-denominated (CZK) bonds by NET4GAS, the Czech gas transmission operator, in a total volume of nearly CZK11bn.

Pro bono

  • Petr is a member of the Czech National Bank's Remonstrance (Appeals) Committee and a renowned expert in covered bonds and other secured financings.
  • 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.
  • 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.

Published Work

  • Vybíral, P., Vojtko M., Felgr M., Hurych D., Jíně T. and co-authors: Banking & Finance. General Practice, C.H.Beck (2023)
  • 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) (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), p. 31 et seq. (2013)
  • Lasák, J., Vybíral, P., Jemelka, L., Kotásek, J., Němec, L. and co-authors: Act on Takevover Bids: Commentary. 1st ed. Prague. Wolters Kluwer (2012)

Speaking Engagements

  • Guest Speaker, From bonds to burnout, Money Talks event organized by Rockaway, 2019
  • Guest Speaker, CEE capital markets potential, PRAGUE CAPITAL MARKET SUMMIT IV., 2018
  • Guest Speaker, Private equity and venture capital’, 0100 Conferences Prague conference, 2017
  • Guest Speaker, Digitalisation of the financial markets, 1st CEE Innovation & Startups Forum Prague, 2017
  • Guest Speaker, Blockchain and smart contracts in the context of ICOs, Insurance coverage, Loans or Bonds as Options to Finance a Corporation, Treasury Forum organised by Czech Association of Treasury and the Czech Association for Financial Management, 2019, 2018, 2017, 2016

Recognition

“Petr is a leading capital markets adviser, well versed in bond issuances and regulatory matters. He assists also with equity issues, derivatives and structured finance transactions.”
Chambers 2024
“Petr is an excellent lawyer with deep professional knowledge and a flexible approach to problem solving.”
Chambers 2023

Awards

  • Czech Law Firm of the Year, IFLR European Awards 2013, 2017, 2019, 2020 and 2023
  • Best Law Firm for Capital Markets, Czech Law Firm of the Year Awards, 2018
  • Most Innovative Law Firm in Europe, Financial Times Innovative Lawyer Award 2017 and 2018

Qualifications

Admissions

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

Languages

Czech, English, German
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.