Next Generation Partners

Firms To Watch: Leading firms

Pejovic Legal was launched in October 2022 by former Karanovic & Partners in cooperation with local lawyers‘ Montenegrin practice leader, Milena Rončević Pejović. A hospitality expert, her track record includes assisting clients with market entry issues, including establishing and maintaining presences in Montenegro.
The exclusive Montenegrin member firm of the Lexcellence law firm alliance, PLK advokati was launched in Montenegro in early 2021 by former practitioners of Karanovic & Partners in cooperation with local lawyers, namely: Luka Prelević, who assists with corporate, labour and real estate law, as well as dispute resolution; litigator Stefan Lučić; and banking and finance specialist Djordje Kuzmanović.
The principal figures in Montenegro for IP firm Zivko Mijatovic & Partners are associates Marija Savic, who heads the office, and Rajka Vukcevic, both of whom focus on trade mark, design and patent prosecution and enforcement work.

Leading firms in Montenegro

BDK Advokati

BDK Advokati is a go-to firm for investors in Montenegro’s banking, hospitality, gaming, infrastructure, energy, and oil and gas sectors. Managing the firm’s office in Montenegro since 2013, Luka Popović is a gambling and hospitality sector expert, whose experience includes advising on long-term land lease projects involving the state and foreign investors, along with concession projects. Counsel and life sciences and healthcare sector leader, Bisera Andrijašević, also co-heads the competition practice, while Jelena Brajković is a key associate. Dragoljub Cibulić assists with greenfield real estate, energy and infrastructure projects from Belgrade.

Practice head(s):

Luka Popović; Dragoljub Cibulić


Other key lawyers:

Bisera Andrijašević; Jelena Brajković


Testimonials

‘The law firm appears to be apolitical and respected from all sides of politics, which is a major factor for clients.’

‘Luka Popović is very considered, appropriate, friendly and professional, and his team is also professional and welcoming.’

Key clients

Nomad Foods


Ecomed Eastern Europe


BL Harbert International


Fusion Capital


Net Holding


Eni


Hoffmann-La Roche


EPAM Systems


Zorlu Enerji


The European Federation of Energy Traders


Energean


Work highlights


  • Assisting Ecomed with structuring a joint venture deal with local company Hemosan.
  • Advising US contractor BL Harbert International on the corporate law aspects of a US embassy construction project in Podgorica.

Harrisons Solicitors

In addition to its Montenegro presence, English law firm Harrisons Solicitors has a London office and an office in Belgrade. With ‘top local lawyers and knowhow‘, its enviable track record includes major privatisations in Montenegro and bond issues, while being widely respected for its expertise in banking and finance, along with tourism and real estate projects. Head of the Podgorica office, senior associate Milan Keker is a renewables expert. In Belgrade, name partner Mark Harrison is honorary legal adviser to the British Ambassador to Montenegro; and consultant Goran Martinovic acts on tourism sector-related foreign investments.

Practice head(s):

Milan Keker; Mark Harrison


Other key lawyers:

Goran Martinovic


Testimonials

Strong experience in foreign investments in former Yugoslavia.

Leading international work ethics, standards and quality, with top local lawyers and knowhow.

The legal experts at Harrisons are very familiar with both local and international law, especially labour and employment law.

Key clients

Adriatic Marinas (Porto Montenegro)


Lustica Development


EBRD


Fortenova Grupa


DEG


EU Delegation to Montenegro


Royal Group


Vantage Drilling


Dahlem


British Embassy Podgorica


British Council Montenegro


AFD – Agence Française De Developpement


EDC – Export Development Canada


Corporacion America Airports


Aer Rianta International


Alucon


Dahlem


Harper Downie


Melia Hotels


Volvo


Adria Biotech


Sheba Investment Holdings (Egypt)


Aggreko


Work highlights


  • Advised Croatian Fortenova Grupa on the sale of its frozen food business group to Nomad Foods.
  • Acted as legal counsel to EBRD, as lender, on a senior unsecured loan to Lovcen Bank.
  • Advising Corporacion America Airports on the tender for concessions for two airports in Montenegro.

Moravčević Vojnović and Partners in cooperation with Schoenherr

Moravčević Vojnović and Partners in cooperation with Schoenherr is a go-to firm for high-stakes transactions and projects in Montenegro. In Podgorica, its expertise covers dispute resolution, employment law, banking, finance, financial services regulatory matters, project development, and corporate and M&A work. The office also has robust IP and merger control practices. The key Podgorica attorneys at law are renewables specialist Ana Vukčević, real estate and construction expert Luka Veljović, and Petar Vučinić, who focuses on banking, finance, capital markets and disputes. Founding partner Slaven Moravčević leads the office from Belgrade.

Practice head(s):

Slaven Moravčević


Other key lawyers:

Ana Vukčević; Luka Veljović; Petar Vučinić; Miloš Laković; Nikola Babić; Jelena Bezarević Pajić; Ivana Panić


Testimonials

The firm helped prepare a number of extremely informative and high-quality reports surrounding the requirements in Montenegro. The relocation programme would probably not have been successful without its efforts; and the larger challenge of helping employees integrate into a new country and culture has, to a material degree, been made much easier by the contributions of the team.

The team has been an excellent partner – always accessible, willing to help find solutions to problems, and an excellent bridge between cultures and legal frameworks.

The team was instrumental in helping understand the local requirements and processes, in order to get work permits, set up bank accounts, and manage tax compliance for the company and relocated employees, as well as connecting with other service providers, such as accountants, in the region.

Key clients

Hyatt


State of Montenegro


Enemalta


Shanghai Electric Power


ICBC Austria Bank


EBRD


Mozura Wind Park doo Podgorica


Elektroprivreda Crne Gore AD Nikšić


Fortum


United Group


Enel Global Trading


Deutsche Bank


Citigroup Global Markets


Erste Group Bank


Merrill Lynch International


Société Générale


The Ministry of Transport and Maritime Affairs of Montenegro


UNIQA Insurance Group


UNIQA Österreich Versicherungen


Raiffeisen Bank International


Sucafina


Hydra Brokerage DMCC


Société Générale


Atena Bohor


Novi Volvox


Work highlights


  • Advising hotel operator Hyatt on the franchising arrangement with Montenegrin company Krolbay.
  • Advising Novi Volvox and Leitner on a €25m investment project that involves the design, financing, construction, operation, maintenance and transfer of a cable car facility.
  • Advising EBRD and the Government of Montenegro on the framework for the development of PPP and concessions projects in Montenegro.

CMS

Genuinely interested in getting clients the best outcome‘, CMS‘ Montenegrin practice comprises assistance with Montenegrin market entry and business operation issues. Other key areas include corporate, merger clearance, real estate, banking, employment and dispute resolution matters. Managing partner of the firm’s Belgrade and Podgorica offices, Radivoje Petrikić has substantial experience in commercial and M&A deals and development projects. Milica Popović leads the banking and finance teams in both Belgrade and Podgorica, while further support is provided by attorney at law Tamara Samardžija.

Practice head(s):

Radivoje Petrikić; Milica Popović


Other key lawyers:

Tamara Samardžija


Testimonials

Extremely client friendly, prompt, and genuinely interested in getting clients the best outcome.

Key clients

Hystead


Mitsui O S K Lines


EVN/WTE Group


Voith GmbH & Co


Citibank


Artelia Group


Old World Ventures


Chubb


Heta Asset Resolution


Baker Hughes


Addiko Bank


Santiment


Kansai Helios Group


OTIS


VAMED


Kansai Helios Group


Garrett Motion


TEAM Marketing


Yum! Brands


EBRD


IFC


PROPARCO


Fragomen


ZTE Corporation


Ocean Montenegro


CKB Bank


Abu Dhabi Capital Group


Work highlights


  • Advised Hystead on the sale of Delta City Mall in Podgorica.
  • Advising Mitsui O S K Lines on a deal involving the transfer of shares of its subsidiary in Montenegro.
  • Representing the local companies of EVN/WTE Group in court and arbitration proceedings, in relation to high-value investment projects in Montenegro.

Doklestic Repic & Gajin

Fielding ‘a team of highly assertive individuals‘, the primary focus of Doklestic Repic & Gajin‘s Montenegro office is corporate transactions, such as M&A, takeovers, joint ventures and spin-offs. The team also assists with restructurings and reorganisations, while tech law is another strong area for the group. Leading the Montenegro office, ‘highly renowned local practitionerDanilo Radulovic is an expert in corporate law, M&A deals, restructurings and dispute resolution. Slobodan Doklestic leads the firm’s commercial, corporate and M&A practice from Belgrade, where Dragan Gajin is competition department head.


Practice head(s):

Slobodan Doklestic; Danilo Radulovic


Other key lawyers:

Dragan Gajin; Ljubinka Pljevaljcic; Aleksandra Stojanovic


Testimonials

DRG has a team of highly assertive individuals who specialise in many areas of commercial law.

Its thorough and very focused approach to any assignment makes the firm irreplaceable – a practice with a comparative advantage to other law firms.

Slobodan Doklestic is indeed a classy lawyer, always providing clients with very elegant, but straight-to-the-point legal advice.

Slobodan Doklestic is a highly respected attorney at law who has outstanding knowledge and experience.

Slobodan Doklestic – great  ability to formulate effective strategies for the resolution of any issue. He is very smart, proactive and solution oriented.

Danilo Radulovic is a highly renowned local practitioner, who is well acquainted with the entire business and legal environment in Montenegro, while delivering legal excellence and high levels of professionalism.

Ljubinka Pljevaljcic has an extraordinary knowledge of employment regulations and court practice, along with an open-minded attitude towards any issue.

Senior associate Aleksandra Stojanovic is a very accurate and highly competent lawyer, who provides extraordinary legal advice.

Key clients

Philip Morris


EBRD


Beluga Group


MOL Group


NLB Bank


Komercijalna Bank


MonteCredit


Tarkett


Crnogorski Telekom


Medicover


Petrol d d


Galerija Podova


Saint Gobain


Adecco


VisionFund International


PH International


Al Fozan Holding


Hewlett Packard


Soravia


MOL


AmRest


mCloud


Work highlights


  • Advised Beluga Group on a complex transaction involving the acquisition of a target company with production facilities in Montenegro.
  • Advised NLB Bank on a merger matter involving the acquisition of Komercijalna Bank in Montenegro.
  • Advised Philip Morris on a commercial arrangement concerning the distribution of its products in Montenegro, and related commercial, corporate and competition law issues.

Joksovic, Stojanovic & Partners

Specialising in real estate, corporate and tourism law, along with dispute resolution, Joksovic, Stojanovic & Partners consistently acts for foreign investors and public sector clients in Montenegro. The ‘pragmatic‘ Montenegrin desk is led by name partner Petar Stojanovic, who divides his time between Belgrade and Montenegro, and whose extensive experience includes privatisation projects in Montenegro, as well as M&A and foreign investments. Goran Vucic is on hand in Belgrade for Montenegro-related, large-scale transactions, in addition to assisting with day-to-day legal matters, particularly in relation to public procurement and private tender procedures.

Practice head(s):

Petar Stojanovic


Other key lawyers:

Goran Vucic


Testimonials

JSP consistently provides a pragmatic and (when needed) an innovative approach.

The firm covers a very vast range of legal fields, and thus can truly be designated as a full-service law firm. A productive cooperation with local lawyers is a real plus – in short, the firm has a history of proven reliability.

Petar Stojanovic is a true leader of the team. He is also always accessible and ready to offer viable solutions to different issues – very experienced in a broad range of legal matters.

Key clients

Government of Montenegro


Qatari Diar


Mercury Group


Nelt Co


Alkemy


Teknox – Caterpillar


Meridian Bet


Renault Nissan


Montecco


Monteput doo


Work highlights


  • Advising the Government of Montenegro on a highway construction contract.
  • Advising the Montenegrin subsidiary of Qatari Diar on the development of a major real estate project in Montenegro (Blue Horizons).
  • Advising Sonuba Montenegro doo on a planned investment in a tourist complex development.

Karanovic & Partners in cooperation with local lawyers

Providing a range of corporate and commercial legal services to major domestic and international clients, Karanovic & Partners in cooperation with local lawyers‘ Montenegrin-based team ‘prioritises clients’ best interests‘. The group routinely acts for investors, particularly those from the hospitality and tourism sectors, on real estate, infrastructure finance, and banking and finance matters. Experienced attorneys at law Sandra Perišić and Vera Vučelić Radunović were recently hired from an in-house role at Lustica Development AD, and VR Legal, respectively, while former Montenegrin practice leader Milena Rončević Pejović left the firm to establish Pejovic Legal in October 2022.


Other key lawyers:

Sandra Perišić; Vera Vučelić Radunović


Testimonials

‘Provides timely and reliable advice.’

‘Prioritises clients’ best interests.’

‘Good communication and cooperation from all of them.’

‘Provides quick help. Clients trust them all, and the advice is always clear and understandable.’

‘The firm is responsive and gives practical advice.’

Key clients

Kofax Holdings International


Crnogorska Komercijalna Banka


TLG Development


CEE BIG


Oxford Computer Services


Stihl


Petrol


Inditex Group


Mars


Akuo Energy


Ernst & Young


Philip Morris


Asmira Group


Maestral Hotels and Casinos


Ericsson


Sanofi


Accenture


Work highlights


  • Advising Kofax Holdings International on the development of its business in Montenegro.
  • Advising Crnogorska Komercijalna Banka, a member of OTP Group, on several corporate, employment and litigation matters.
  • Advising TLG Development on its various projects in Montenegro.

Bojovic Draškovic Popovic & Partners

Recent highlights for Bojovic Draškovic Popovic & Partners‘ ‘very experienced team‘ include advising the European Bank for Reconstruction and Development on the restructuring of the project financing for the development of a luxury hotel chain in Montenegro. The Belgrade-based Montenegro team is headed by Vuk Drašković, who has longstanding experience in corporate and commercial law in the jurisdiction, while Uroš Popović is qualified to practise in both Serbia and the US.


Practice head(s):

Vuk Drašković


Other key lawyers:

Uroš Popović; Mario Kijanović; Stefan Golubović; Miloš Andrejević


Testimonials

A very experienced team of highly professional individuals who provide goal-oriented advice.

The team navigates clients through complex litigation proceedings with easily understandable advice.

Vuk Drašković possesses strong legal knowledge and displays a friendly approach.

Key clients

EBRD


Philips


Samsung


MSC Global Shipping Company


The Walt Disney Company


Tenth Planet


HERE Global


Soyak Holding


Work highlights


  • Advising The European Bank for Reconstruction and Development on the entire restructuring of the project financing for the development of a luxury hotel chain in Montenegro.
  • Advised Coöperatieve Laxey Worldwide on the sale of a local company.
  • Advised HERE Global on a project involving the  development of mapping and navigation services in Montenegro.

Durutović, Vuksanović & Kraljević Attorneys-at-law

Well known for real estate work, Durutović, Vuksanović & Kraljević Attorneys-at-law is also sought out for major business transactions, including due diligence for privatisations, corporate planning and restructurings. Other notable areas include dispute resolution, enforcement proceedings, bankruptcy claims and employment law. Founder Tamara Durutovic advises on real estate deals, corporate relations, litigation and enforcement work, and Biljana Vuksanovic is a civil litigation specialist. Anja Kraljevic is another key partner.


Practice head(s):

Tamara Durutovic; Biljana Vuksanovic; Anja Kraljevic


Other key lawyers:

Damjan Nikolić; Lara Dedić


Testimonials

Credibility, reputation, reliability, and know-how.

The service is very good and information is delivered very quickly.

Tamara Durutovic is an outstanding professional, with an excellent reputation and integrity. What makes the difference is her and the firm’s social responsibility.

Key clients

Neregelia


Zetagradnja


Domaca Trgovina


Confederation of trade unions of Montenegro


Carine


Montenegrin Telekom JSC


Capital Podgorica


BRIV Construction


The Energy Regulatory Agency


Bigova Bay


Alkaloid


BBI Development


Montenomaks Control & Logistics


Kotor Municipality


Napredak JSC


Expo Commerce


Nelt


Port of Bar JSC


Ocean Montenegro


Fashion Company


Fund for Active Citizenship fAKT


Pro Arm


Geotechnics Projects & Consulting


Skretting Italia


Zetatrans


Komunalno


East Box


Municipality of Bar


Imperio Holdings Limited


Institute for Geological Researches


Maestral Hotels & Casinos


Tim Kop


Viamont


Comes


Montenegro Adventures


Corner Construction


Oxo Capital


Safe Sky Alliance


Radonjic / Associates

Radonjic / Associates‘ assistance with transactions routinely comprises advice on finance, capital markets, competition law, M&A, real estate and construction. The Podgorica group also fields experts in insolvency, regulatory issues, project development, private equity and project finance. The experience of founder and managing partner Vladimir Radonjic includes advising investment banks and corporations on structured finance deals, while Maja Velimirovic is a former legal head at Hipotekarna banka AD Podgorica.

Practice head(s):

Vladimir Radonjic; Maja Velimirovic


Key clients

Impresa Pizzarotti


Jugopetrol


Urion DOO


Deco USA


EastBanc Technologies Portugal


SNB-REACT Balkan


Bumech


Dewaco M doo Danilovgrad


BL Harbert International Group


Work highlights


  • Advised Impresa Pizzarotti (and its subsidiary Pizzarotti Montenegro) on the Portonovi Resort and Village project in Montenegro.
  • Advising Jugopetrol on several matters, including corporate law, energy and infrastructure, and project finance and development work (among others).
  • Assisted Urion DOO with compliance, regulatory, employment and public procurement matters.

Law Office Vujacic

Law Office Vujacic‘s broad practice covers corporate and commercial law, banking and finance, competition issues, real estate, and energy and natural resources. Other active areas range from IP, employment matters, administrative and public law, to privatisations, M&A deals and foreign investments. The practice is jointly led by name partner Sasa Vujacic, who regularly coordinates due diligence for domestic and foreign clients, and litigation and foreign investment expert Jelena Vujisic.

Practice head(s):

Sasa Vujacic; Jelena Vujisic


Key clients

Microsoft Montenegro


PricewaterhouseCoopers Consulting doo Montenegro


Telemach Crna Gora


Coca-Cola HBC Srbija


QSI International School of Montenegro


Knauf


Televizija Vijesti doo


Spic Ronghe International Financial Leasing Co


Western Union


Montenegro Transfers


WOODINVEST Beruhazo


GE Capital Aviation Services


European Bank for Reconstruction and Development


KfW IPEX-Bank


Astrobank


Banka Sparkasse


Responsibility Investments


DeFacto Global Magazacilik Anonim Sirketi


Televizija Vijesti


WIRCON


Work highlights


  • Assisted European Bank for Reconstruction and Development and KfW IPEX-Bank with the due diligence surrounding the project financing of a wind power plant.
  • Advised Woodinvest Beruhazo on the development of a tourist project.
  • Advised Capital Investment Fund Abu Dhabi on a real estate project.

Vukmirovic Mišic Law Firm

Full-service, Montenegro-based firm Vukmirović Mišić Law Firm regularly advises financial institutions and investment companies on corporate, commercial and real estate projects in Montenegro. The practice also assists with banking and capital markets matters, and acts for companies on start-up projects. Name partner Lana Vukmirović Mišić has long-standing experience in corporate and commercial law, M&A deals and dispute resolution. At senior associate level, Milica Komar focuses on contractual and corporate matters.


Practice head(s):

Lana Vukmirović Mišić


Other key lawyers:

Milica Komar; Amra Ademović


Testimonials

Great for its people, who are prompt and collaborative.

Integrity and confidence-inspiring.

Key clients

Addiko Bank


SafBon Water Service (Holding)


4iG Nyrt


Zain Property Development


OTP Bank Nyrt


CKB Bank


Siemens Energy


Embassy of the Republic of Austria in Montenegro


Public Works Authority, Montenegro


NOZAX


First Line Software


Municipality of Pljevlja


Railway Infrastructure JSC


Work highlights


  • Advised 4iG Nyrt on the acquisition of Telenor’s Montenegrin operations.
  • Advised SafBon Water Technology on a tender process for the extension of the sewerage network.
  • Advising NOZAX JSC on the setting up of an investment company and its licensing before the Capital Markets Authority of Montenegro.