Legal Market Overview
Traditionally characterised by stagnant growth and high unemployment rates, Serbia is now a candidate country for European Union membership; the country’s public debt has fallen and Serbia’s economy has recently experienced robust growth, which is expected to continue throughout 2019. However, trade tensions with Kosovo – the 2008 secession of Kosovo has not to date been recognised by Serbia – have been high; in November 2018, Kosovo raised customs tariffs on Serbian goods to 100 per cent, which was in response to Serbia’s blocking of Kosovo from becoming a member of international police organisation, Interpol.
Strong domestic law firms across several practice areas include JPM Jankovic Popovic & Mitic and Karanovic & Partners; significant regional firms to note are Moravcevic Vojnovic and Partners in cooperation with Schoenherr, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss and Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz. Harrisons Solicitors is an English law firm with an office in Serbia.
Headline news for the Serbian legal market includes JPM Jankovic Popovic & Mitic‘s former partners Uros Markovic, Nikola Vukotic and Marko Jovkovic exiting the firm in late 2017 to found MVJ marković vukotić jovković, a business law boutique with expertise in M&A, real estate, energy and infrastructure projects.