x

Thumbs upLive

Clients are currently raving about this firm’s Billing Transparency in Corporate/Commercial

View Firm Profile

Legal market overview in Bosnia & Herzegovina

Bosnia & Herzegovina continues to be a country partly defined by its tumultuous but promising political and economic situation. Following a down year in 2020, the World Bank projected Bosnia’s GDP to grow in the 2021 period by 4% and continue that growth into 2022. While much of this is due to a post-Covid rebound, the growth is partly is due to increased interest in the economy in the tourism and industrial sectors. Most notably, the country has seen a significant amount of interest in the energy space, with interest in both the traditional and renewable sides.The country’s more technical work tends to be heavily affected by the split nature of its legal system. The country’s two federal units (Republika Srpska and Federation of Bosnia & Herzegovina) each have independent judiciaries and demand separate qualifications. As such, several practices feature dual-qualified lawyers.Due to the difficult nature of this split bar, a significant amount of work is done by Serbian firms, whose lawyers are often also qualified in Republika Srpska. Practices including Moravcevic Vojnovic and Partners in cooperation with Schoenherr have a significant presence in major corporate and commercial work. International firms, such as Wolf Theiss – in cooperation with local lawyers and CMS Reich-Rohrwig Hainz D.O.O. in cooperation with local lawyers are also active in the market. Finally, practices including Maric & Co Law Firm and Dimitrijevic & Partners offer a combination of corporate support for more domestically focused clients and more technical work in specialist segments.