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Milica Popović

Work +382 20 416070

Work Department

Corporate, Banking & Finance


Milica Popović is local Partner in Montenegro and experienced attorney specialised in corporate as well as banking and finance law


with CMS Belgrade since 2008;


Serbian, English


Belgrade University Law School (2001); LL.M. in International Commercial Law at the Columbia University in New York (2008);


Leading firms

Within: Leading firms

CMS‚Äô team has strong experience in handling cross-border banking and finance matters and acts for clients including GE Capital, the OTP group and Michelin. In recent highlights, Milica Popovińᬆassisted the joint venture of Swiss Orascom and the government of Montenegro with financing for the LuŇ°tica Bay project and advised the European Bank for Reconstruction and Development and the IFC on the refinancing of¬†the Delta¬†mall acquisitions in Serbia, Montenegro and Macedonia. Another field of expertise is the energy sector and the team recently worked alongside its Serbian office to represent EVN in disputes pertaining to real estate and construction issues arising from several investment projects, including wastewater treatment and desalinisation plants.

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Banking and finance

Within: Leading individuals

Milica Popovińá - Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz

Within: Banking and finance

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz¬†was recently focused on acquisition financing, real estate project¬†development and the restructuring and refinancing of loan facilities and security packages. Milic Popovińᬆadvised a¬†syndicate of banks, led by ING and UniCredit London, on the refinancing of the Danube Foods Group portfolio in Serbia;¬†Ksenija Boreta¬†is a well-regarded attorney at law.

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Commercial, corporate and M&A

Within: Commercial, corporate and M&A

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz¬†acts for¬†multinational corporations, with presences in Serbia, on both large deals as well as their day-to-day business operations. Managing partner Radivoje Petrikińᬆadvised¬†Zumtobel Group, a¬†European manufacturer of professional indoor and outdoor lighting, on the establishment of its business in Serbia, which included advising on the acquisition of state-owned land, real estate contracts for the construction of a plant, and a lease agreement for a brownfield investment.¬†Marija TeŇ°ińá, Maja Stepanovińᬆand Milica Popovińᬆare the other names to note.

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Legal Developments by:

  • Access to justice: protective costs orders in planning challenges

    Third parties and competing developers have no rights of appeal to the Secretary of State against planning decisions. Disappointed applicants can appeal to the Secretary of State and can have the merits of the application reconsidered. The only remedy available to a disappointed third party is a challenge by way of judicial review in the High Court on a point of law. The sense of frustration and disempowerment this creates has not been helped by the increasing complexity of the planning process and the use of consultation to legitimise decisions that many perceive may already have been taken.
    - CMS Group

Legal Developments in Montenegro

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Recent Amendments to Montenegrin Tax Legislation

    The Montenegrin Parliament recently enacted the new Law on Tax on Coffee and amendments to the Law on Value Added Tax, the Law on Real Estate Tax, the Law on Tax Administration and the Law on Mandatory Social Security. The purpose of these changes is to clarify existing provisions of these tax laws in order to improve their enforcement and to better control the tax liabilities of non-resident taxpayers. Changes to the Law on Real Estate Tax have introduced higher taxes, but also tax benefits aimed at stimulating the development of high-end tourism in Montenegro.
  • Law on Prevention of Illegal Business - Montenegro fights gray economy

    The Law on the Prevention of Illegal Business ( Zakon o spre ńćavanju nelegalnog poslovanja, ‚ÄěOfficial Gazette of tthe Republic of Montenegro" no.29/13) came into force on 23 June 2013. Its nature is largely declaratory, aimed at showing the declared intent of the state to fight corruption and black market.¬†