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The firm

Established in 2010 by the attorney Nenad Stankovic, Stankovic & Partners (NSTLAW) is a full-service firm located in Belgrade, Serbia, with a team of experts who advise multinational corporations and Serbian and Montenegrin companies, often acting in co-operation with well known international law firms.

Most of the firm’s lawyers have previously held senior positions at highly respected international and national firms. They also often speak at major international conferences, and contribute to leading national and international publications.

Stankovic & Partners is now well established as one of the leading commercial firms in the Serbian market, providing advice on banking and finance, corporate and M&A, restructuring and insolvency, commercial and regulatory, competition/antitrust, real estate, dispute resolution, privatisation, public procurement, intellectual property, capital markets, energy, mining and infrastructure, employment, tax, telecoms and technology.

The firm’s clients include many leading global corporations as well as some of the largest Serbian and Montenegrin companies and financial services firms, entrepreneurs and national local government institutions.

The firm has received a number of national and international accolades, including recommendations by Chambers & Partners’ Europe and Global Guides, The Legal 500 EMEA, and IFLR.

The firm’s international links include membership of Nextlaw Global Referral Network, the largest legal referral network in the world, and the Legal Network Alliance, a carefully selected global alliance of independent law firms.

The firm’s lawyers have worked with the respected international legal publications Getting the Deal Through since 2012, preparing its annual M&A overview for the Republic of Serbia.

Stankovic & Partners acts for clients carrying out business in Montenegro in co-operation with Kastravoic Law Office in Podgorica.

Areas of practice

At Stankovic & Partners (NSTLAW) banking and finance is a core area of practice. The firm has considerable experience of acting for major international and domestic financial institutions, as agents, senior lenders or syndicate members, as well as for borrowers from a variety of sectors, on a range of financing transactions. These include corporate and investment grade lending, leveraged and acquisition finance, asset finance and leasing, real estate development finance and cross-border intercompany loans.

In addition, with their acclaimed knowledge of the Serbian energy market, the team boasts award-winning expertise in project finance, as well as an impressive track record of success in big-ticket debt restructuring and reorganisation. On the borrower side, the firm assists clients with the financing of acquisitions and mergers, loans for funding new equipment or working capital, and a host of other projects. In addition, Stankovic & Partners offers a wealth of expertise in financial regulatory issues, while their experienced dispute resolution team has notable skill in resolving problems and enforcing security.

The office has developed in-depth expertise in all aspects of Serbian, Montenegrin and Bosnian competition and antitrust law. The firm advises clients from a wide range of sectors on obtaining merger clearance, handling complex processes from start to finish. They also advise their international clients on distribution and franchising networks, conducting antitrust audits and ensuring that their commercial practices remain compliant with local law. State aid and public procurement also form significant elements of Stankovic & Partners’ practice, and the firm has considerable experience providing training to key business personnel on all aspects of competition regulation and practices.

When contentious issues arise, including cartel allegations and follow-on claims, the competition group works closely with the firm’s large and highly regarded dispute resolution team to represent clients before the competition authorities and courts of Serbia, Montenegro and Bosnia and Herzegovina.

The firm enjoys a particularly fast-growing reputation in the intellectual property arena, where their sizeable dedicated IP and data protection team supports domestic and international clients on everything from intensive portfolio management and IP prosecution and protection strategies, to advice on exploiting image rights and IP due diligence in the context of some of the region’s largest M&A transactions and financings. The group is also widely admired for its expertise in data protection and privacy matters, where they assist a number of well-known international clients with data project and cross-border data transfer, and on advertising and marketing, having, for example, prepared the sponsorship agreements relating to the two biggest music festivals in Serbia as well as the Serbian Premier League and the national football team.

  • Other offices

  • Podgorica

  • Number of lawyers: 10
  • Languages
  • English
  • Serbian
  • Member
  • Nextlaw Global Referral Network
  • Legal Netlink Alliance

Above material supplied by Stankovic & Partners (NSTLAW).

Legal Developments by:
Stankovic & Partners (NSTLAW)

  • NSTLAW takes part in the Briefing Session on Foreign Corrupt Practices Act

    The speakers will be Jennifer Barnard, Special FBI Agent, who will speak of FCPA investigations in the region and practical aspects of cooperation between U.S. Department of Justice and local authorities, Roger Burlingame, attorney at law and partner at Kobre &amp; Kim Law Office< , London, and Nenad Stankovic, attorney at law and senior partner at Law Office Stankovic and Partners, Belgrade.
    - Stankovic & Partners

Legal Developments in Serbia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Transaction complete: Mid Europa Partners sells Bambi

    The leading private equity investor in Central and Eastern Europe Mid Europa Partners sold Bambi, the leading Serbian biscuit and confectionary maker, to Coca-Cola HBC. The sale was completed on 18 June, and Bambi, one of the most recognisable brands in Serbia, will continue its development under  Coca-Cola HBC .
  • Use of a Feed-In Premium for Photovoltaic Electricity

    The  Government of North Macedonia  announced an open call for awarding a contract for the use of a feed-in premium for electricity produced in photovoltaic power plants (“PVPPs ”) on state land in North Macedonia, with total installed capacity of 35 MW. Two locations are envisaged for construction of the PVPPs – Azambegovo (Sveti Nikole) and Manastirec (Makedonski Brod). Bidders can submit a bid for three PVPPs, at most, for the location of Azambegovo, as well as one PVPP on the location of Manastirec. The installed capacity of the PPVPs on the mentioned locations can be 10 MW, 5 MW, 2 MW and 1 MW depending on the parcel. The term of the contract for the use of a feed-in premium will be 15 years.
  • Welcome to the Slovenian Legal Market

    This article is written by  Marko Ketler  and originally published in Issue 6.4 of the  CEE Legal Matters Magazine .
  • Investing in the Slovenian Automotive Production Industry

    This article was written by Igor Angelovski and was originally published in Issue 6.2 of the  CEE Legal Matters  Magazine. 
  • Niš-Ekspres Fined for Abuse of Dominance

    On 24 May, the  Serbian Competition Commission  fined the bus company Niš-Ekspres from Niš (“Niš-Ekspres ”) for the abuse of dominant position in the amount of RSD 40,726,439 (app. EUR 345,000), which is 1.3% of the total turnover generated by Niš-ekspres in 2016.
  • What to watch out for in case of a hard Brexit and ZUVIZK

    The  European Commission  consistently emphasises the citizens’ rights and status in its hard Brexit preparations and contingency works. It appealed to EU Member Stats to take a generous approach towards the rights of UK citizens in the EU, given that the UK reciprocates such an approach. Therefore, in line with the Commission’s “no-deal” Contingency Action Plan, the Slovenian Government proposed and the Parliament adopted the Act regulating certain issues in the event of the withdrawal of the United Kingdom of Great Britain and Northern Ireland from European Union without an Agreement (ZUVIZK).
  • Karanovic & Partners wins the Law Firm of the Year Award

    We are proud to announce that Karanovic & Partners is the 2019 winner of the prestigious Law Firm of the Year award, in the Eastern Europe and the Balkans category. 
  • Serbia: The Registration Of Ultimate Beneficial Owners

    As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the  Serbian Business Registers Agency  (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018).
  • Karanovic & Partners joins Ius Laboris

    We are proud to announce that Karanovic & Partners has joined Ius Laboris, the world's premier global network of human resources law firms. The Employment practice of Karanovic & Partners in Serbia joined this prestigious organisation to reinforce its international HR advisory services for domestic and international companies.
  • Karanovic & Partners: The 13th Traditional Conference on Competition Law and Data Protection

    On 28 November 2018, Karanovic & Partners, together with the  Friedrich Naumann Foundation for Freedom , held the Competition and Data Protection conference at the Hilton Belgrade hotel. This traditional yearly conference – now in its' 13th year, gathered more than 120 experts from the business and legal community, as well as key regulators and stakeholders, to discuss the most important current issues in the fields of competition law and data protection.