Firms in the Spotlight Banking and finance

Jusufovic & Partners

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Jusufovic & Partners law firm was created at the beginning of 2018 by a team of experts who have incorporated their long-standing knowledge and experience acquired during their careers in large law firms into independent practice that successfully operates within the Republic of Serbia and the region, in cooperation with domestic and foreign partners.

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Banking and finance in Serbia

Karanovic & Partners

The impressive track record of Karanovic & Partners‘ banking and finance team includes syndicated loan facilities, financial derivatives transactions, and large NPL portfolio transactions. The firm is also sought out by international financial institutions and major banks for regional project financings. Senior partner Darko Jovanović specialises in infrastructure and energy financing, construction projects, and PPP developments; Maja Jovančević Šetka‘s ‘extraordinary work truly sets her apart’; and Katarina Gudurić covers project finance, restructuring, refinancing, securities, and financial derivatives trading. Tijana Arsenijević is another senior member of the banking and finance practice.

Practice head(s):

Darko Jovanović; Maja Jovančević Šetka; Katarina Gudurić

Other key lawyers:

Tijana Arsenijević


Continuously handles a variety of legal matters in an excellent manner, with all the lawyers from different departments working together on a deal as one team.’

‘They excel in commercial awareness – this is one of their greatest features.’

‘Their attorneys are proficient in industry-specific regulations and familiar with market trends, so they are able to anticipate the potential risks relevant to business.’

Some clients wouldn’t use anyone else for a complex deal after working with them – they are the best.

Clients feel completely secure in their advice, as they can witness the amount of experience that goes into everything they present.

They think ahead of every possible option that could influence the deal and prepare a solution to protect clients’ interests. They make it really easy for clients to stay loyal to them.

They are exceptionally friendly, clear in their communications, and quick to answer. Clients feel supported and informed throughout the entire process.

‘Maja Jovančević Šetka – remarkable ability to collaborate effectively and apply practical expertise while navigating complex issues, practices and boundaries effortlessly. Her extensive understanding and knowledge of banking and financing law go above and beyond, and her dedicated approach to finding solutions is exceptional, minimising any potential risks. Maja’s extraordinary work truly sets her apart in the legal field.’

Key clients


Pannonia Bio (ClonBio Group)

OTP Fund Management

European Bank for Reconstruction and Development

International Finance Corporation

City of Belgrade

Finance in Motion

KfW Bankengruppe

Serbian Entrepreneurship Foundation



Work highlights

  • Advised Axpo, as an off-taker, on a 105.5 MW wind farm project, which included structuring a financial PPA.
  • Advising Pannonia Bio (ClonBio Group), as sponsor, on the development and financing of six biogas power plants.
  • Advised OTP Fund Management, Hungary and OTP Banka Srbija on the joint acquisition of ILIRIKA DZU in Serbia.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss‘ banking and finance team leverages the firm’s expertise in banking products, regulatory work, litigation, and restructuring. In relation to finance deals, the majority of the group’s work is cross-border, with the team’s coverage encompassing the whole CEE and SEE region. The wide-ranging practice of Belgrade managing partner Miroslav Stojanović includes banking and finance work, while Nataša Lalović-Marić‘s experience covers project finance and capital markets. The team also features Katarina Stojaković, ‘the go-to person for complex cross-border financings’, and ‘exceptional lawyerMarko Tešanović.

Practice head(s):

Miroslav Stojanović; Nataša Lalović Marić

Other key lawyers:

Katarina Stojaković; Marko Tešanović; Nevena Skočić; Milan Novakov


‘The office of Wolf Theiss in Serbia stands out from the competition due to its knowledge, experience and international know-how.’

‘The great-quality service makes them extraordinary.’

 ‘Highly experienced and well-aligned team.’

‘Their knowledge of both local and international financing matters is of top-notch quality, whereas their respective legal assistance goes above and beyond and should be singled out for praise.’

‘Consistent quality of work that is solution oriented, structured and comprehensible, with a team that is dedicated and pleasant to work with.’

‘They are one of the best firms on the market, with lawyers trained to handle complex and sophisticated matters.’

Katarina Stojaković is an exceptional lawyer. Dedicated to clients and the go-to person for complex cross-border financings.’

‘Marko Tešanović is an exceptional lawyer. He masters the details but always has an eye on the broader strategy. Dedicated to the client.’

Key clients

Erste Group Bank

Erste Bank a.d. Novi Sad

UniCredit Bank Srbija a.d.

UniCredit S.p.A., Milan, Italy

Komercijalna banka a.d. Beograd

NLB d.d., Slovenia

OrbiMed Advisors

Morgan Stanley & CO LLC

A&M Capital Advisors Europe LLP

Western Union Corporate Legal Administrator

Vigie Groupe SAS (formerly Suez Groupe)

I-Environment Investment Ltd (an Itochu Group company)

Marguerite Fund

Toyo Tire Corporation


Work highlights

  • Advised a syndicate comprising Erste Group Bank AG and Erste Bank AD Novi Sad on a cross-border €25m facility for a Serbian borrower for a real estate development project in Novi Beograd.
  • Advised a multinational bank syndicate on a benchmark transaction that included €144m loans for the planned refinancing of Ušće Shopping Centre and the development financing for Ušće Office Tower 2.
  • Advised a multinational bank syndicate, consisting of Erste Group Bank AG, UniCredit Bank Srbija and Erste Banka a.d. Novi Sad, on a transaction that included €65m loans for the planned refinancing of the existing indebtedness of NBGP Properties d.o.o.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has an enviable track record in financings involving restructurings, private acquisitions of equity and assets, public takeovers, project finance, and property development. The firm’s ‘exceptional lawyers’ also advise on investment grade corporate lending, and are particularly experienced in cross-border structures. Practice leader Nikola Babić comes highly recommended, while corporate and M&A head Matija Vojnović is also a key banking and finance group member. The department further features Jelena Arsić and Marko Kostić, who ‘provide strong legal support’, and Jovan Barović and Vojimir Kurtić.

Practice head(s):

Nikola Babić; Matija Vojnović

Other key lawyers:

Jelena Arsić; Marko Kostić; Jovan Barović; Vojimir Kurtić


‘A great team of exceptional lawyers. Truly knowledgeable but also efficient and innovative. They provide superb service at reasonable prices – definitely the best value for money around.’

‘This firm possesses very good supporting departments and services, which certainly improves the experience since it allows clients to fully focus on its relevant projects.’

‘The banking and finance practice has great expertise and good relations with clients.’

‘The team members are very clever and they have lots of knowledge. Also, they are dedicated and really good people above all.’

‘Long-term relationships with clients, which speaks volumes to their quality.’

‘Matija Vojnović and Vojimir Kurtić are exceptional when it comes to banking and finance – superbly good lawyers.’

Jelena Arsić and Marko Kostić are great – they provide strong legal support to companies. Jelena remains poised, serene and professional, even in very stressful and challenging situations. They work extremely hard and are dedicated to projects throughout the entire process.

Key clients


AIK Banka

OTP Group

AMC IV and Accession Capital Partners

Alexander Shnaider, the owner of Adriatic Bank A.D. Podgorica

Innovation Fund of the Republic of Serbia

Deutsche Bank

UniCredit Bank

Credit Suisse International

Commerzbank AG

National Bank of Greece SA

Erste Bank

Banca Intesa

HETA Asset Resolution

Bank Of Cyprus

The European Bank for Reconstruction and Development (EBRD)

International Swaps and Derivatives Association (ISDA)

Societe Generale

OTP Bank

PNB Paribas (Suisse)

Magyar Export-Import Bank Zrt

Raiffeisen Bank International AG

Citigroup Global Markets Limited


Deutsche Bank AG

J.P. Morgan Securities plc

Sun Valley

Oaktree Capital Management (UK) LLP

Victoria Oil (Serbia)

Eurobank a.d. Beograd

Eurobank Private Bank Luxembourg S.A

Vojvođanska banka a.d. Novi Sad (member of OTP Group)

Export-Import Bank of China

Work highlights

  • Advised MERRILL LYNCH INTERNATIONAL (and other financial institutions) on the arrangement of a €300m term loan facility with the Republic of Serbia.
  • Advised AIK Banka on the acquisition of Eurobank Direktna, which involved the refinancing of intra-group placements.
  • Acted as lead counsel to OTP Group members, OTP Bank Plc Hungary and OTP Bank Serbia on the financing of the development of six biogas power plants in Serbia.

SOG in cooperation with Kinstellar

In July 2023, Joint law office Marić in cooperation with Kinstellar joined forces with SOG Law Firm to become SOG in cooperation with Kinstellar, which advises on the gamut of banking, securities, and related regulatory work. Miloš Velimirović has longstanding experience in financial transactions; Petar Kojdić‘s practice covers acquisition, leveraged and project finance, along with debt restructuring, refinancing, and loan and portfolio sales; and Mina Srećković heads the local banking and finance, infrastructure, and PPP service line. Tamara Čakarević also advises lenders and borrowers on major banking and finance matters.

Practice head(s):

Miloš Velimirović; Petar Kojdić; Mina Srećković

Other key lawyers:

Tamara Čakarević


‘Highly specialised in B&F matters and they have very experienced team members.’

‘Strong commitment to client satisfaction.’

‘Petar Kojdić has a deep understanding of B&F law and is very well versed in ISDA matters.’

‘A dynamic practice, with lots of young talent that brings lots of energy to the work they are doing.’

‘What elevates them above the rest is the polished and precise product it delivers.’

‘Probably the best banking practice in Belgrade. Highly recommended.’

‘Petar Kojdić is exceptional – a true combination of skills, qualities, and attributes that set him apart from others in his field.’

‘Petar Kojdić pays close attention to details, which is crucial to legal work where small oversights can have significant consequences.’

Key clients

NLB Banka AD

World Bank Group

Vascular Soundworks LLC


Alfi Private Equity Fund

ICT Hub d.o.o, Belgrade


OTP Bank Nyrt.

OTP Banka Srbija A.D. Novi Sad



Work highlights

  • Advised OTP BANK NYRT., OTP BANKA SRBIJA A.D. NOVI SAD and DSK Bank AD, as lenders, on a €180m cross-border refinancing facility provided to GTC Group for the refinancing of bank loans (provided by Erste Bank AD Novi Sad and Raiffeisen Bank International AG) and shareholder loans.
  • Advised Alfi Private Equity Fund on its joint venture with Lamium Trade, which concerned the acquisition of a wind farm project.

BDK Advokati AOD

BDK Advokati AOD‘s full-service banking and finance department is routinely mandated by international financial institutions and commercial banks, as well as sovereign and corporate borrowers. Beyond major lending deals, the group has expertise in payment services, financial derivatives, regulatory work, clearing and settlement services, and digital assets and fintech. The principal advisers are Tijana Kojović, whose wide-ranging practice includes transactional matters; Dragoljub Cibulić, an expert in greenfield real estate, energy and infrastructure projects; and Dragoljub Sretenović, who advises banks and corporate borrowers on acquisition, project, and working capital financing.

Practice head(s):

Tijana Kojović; Dragoljub Sretenović

Other key lawyers:

Dragoljub Cibulić


A professional team that is dedicated to problem solving.’

Key clients

Metito Utilities Limited

European Bank for Reconstruction and Development (EBRD)

BNP Paribas SA

JPMorgan Chase Bank

BNP Paribas Fortis SA/NV

Work highlights

  • Advising Metito Utilities, an international operator of wastewater treatment facilities, on the development and financing of two projects in Serbia.
  • Advised the European Bank for Reconstruction and Development on the Serbian law aspects of a loan of up to €55m to HTEC.
  • Advising several financial institutions on the provision of a €900m-plus financing for the construction of the Morava Corridor motorway.

BOPA Bojanovic & Partners

BOPA Bojanovic & Partners‘ banking and finance team is regularly mandated by major international clients on complex cross-border matters. Its main areas of expertise are general banking, finance, syndicated lending, financial regulation, capital markets, and PPPs. The team also advises on derivatives, structured finance, restructuring, distressed deals, insolvency, and loan restructurings. The ‘very succinct’ name partner and department head, Vladimir Bojanović, has industry expertise in energy, infrastructure, pharmaceuticals, healthcare, TMT, automotive, and food and beverage. Providing key support, Aleksandra Stojanović, a June 2023 recruit from Doklestic Repic & Gajin, advises on cross-border transactions.

Practice head(s):

Vladimir Bojanović

Other key lawyers:

Aleksandra Stojanović


‘The BOPA team is of unmatched excellence and professionalism.’

‘They always strive to understand the client’s business, and somehow always manage to make even a complicated solution seem straightforward.’

‘Made up of professionals who provide timely, accurate and efficient counsel on various banking and finance matters.’

‘Their approach to the work earns clients’ trust and this is what makes them stand out from other law firms on the market and be an absolute market leader.’

‘They are so knowledgeable and experienced that they can easily adapt to changing circumstances, always with the aim of getting the job done on time.’

‘Vladimir Bojanović is always available and provides quick responses to questions with detailed explanations and the legal basis for his opinion. Clients really appreciate the great level of partner accessibility.’

‘Vladimir Bojanović is very succinct and does not waste time on words that are not necessary. He expects results and delivers them.

Aleksandra Stojanović is focused, determined and relationship driven. She always ensure that the clients’ interests remain in focus.

Key clients

Morgan Stanley, USA



SCCF Structured Commodity & Corporate Finance SA

NLB d.d. Ljubljana

Lego Group

Warner Bros. Discovery

Lufthansa Group


Costa Coffee

Wizz Air

Fevo, Inc

Work highlights

  • Advised SCCF Structured Commodity & Corporate Finance and Horizon Capital Financial on the renewal of a credit line under a loan agreement.
  • Advising NLB d.d. Ljubljana on the sale of non-performing loans (secured with various collaterals by NLB d.d. Ljubjana Serbian affiliate).
  • Advised Morgan Stanley on various regulatory aspects for the provision of stock plan services by a foreign company to Serbian and Bosnian citizens.

Harrisons Solicitors

A go-to firm for banking work in Serbia’, Harrisons Solicitors is an English law firm that handles a large share of The European Bank for Reconstruction and Development’s matters in Serbia. The group also acts for investment banks on derivatives, as well as the development of capital markets in Serbia. ‘Remarkable in terms of her deep understanding of the law’, banking and securities transaction specialist Ines Matijevic-Papulin acts for investment banks and corporations on structured finance, syndicated facilities, derivatives, debt restructuring, property construction financing, and acquisition, trade and receivables finance.

Practice head(s):

Ines Matijevic-Papulin


‘Professionalism, highly client oriented and proactive.’

‘Harrisons is very knowledgeable, proactive, business driven, responsive, and a pleasure to work with.’

‘The key value of Harrisons is the team, which is knowledgeable, responsive and diligent.’

Key clients




Claret Capital Partners

Erste Bank

JP Morgan


Credit Suisse Bank

Morgan Stanley Europe SE

KKR Capital Markets

Credit Agricole Corporate and Investment Bank

Work highlights

  • Advising IFC on matters of Serbian law in relation to a €50m loan to AIK bank.
  • Advised EBRD on an unsecured loan of up to €12m to the Autonomous Province of Vojvodina, to finance the implementation of energy efficiency measures in around 80 public buildings in 20 municipalities.
  • Advised EBRD on a €15m loan to Banca Intesa Beograd for on-lending to young entrepreneurs.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners‘ ‘proactive’ team consistently acts for multinational, local and regional companies, as well as banks, on major banking and financing transactions. Many of the group’s projects include insurance-related regulatory matters, foreign exchange deals, subordinated loans, debt restructuring, and the issuance of various licenses. The practice also comprises fintech sector specialists. The principal figures are firm founder Milan Joksovic, whose banking workload includes setting up bank accounts, financing businesses and transactions, and banking regulatory features; and Petar Stojanovic, a specialist in large NPL deals involving both Serbia and Montenegro.

Practice head(s):

Milan Joksovic; Petar Stojanovic


‘Shown themselves to be specialists of the highest level.’

‘Communication with them is highly professional.’

‘The quality of the advice is highly appreciated by clients. Attorneys that are very proactive.’

Key clients


Robert Bosch

Renault Nissan

BSH Hausgeräte

Toyota Adria


Payback Austria GmbH (a member of American Express)


Kirchdorfer Gruppe


Rail Cargo Austria

Merck Sharp & Dohme


Sandvik Mining and Rock Technology

Teknoxgroup Srbija

Latham & Watkins

Infrastructure Development and Construction

GrECo International

Freedom Finance Europe Ltd


Work highlights

  • Advised Freedom Finance Europe on the regulatory requirements for the provision of cross-border financial advisory services.
  • Advised Elekta Solutions on a high-value bank warranty concerning four linear accelerators sold to the Institute for Oncology of Vojvodina and the Institute for Pneumology of Vojvodina.
  • Advised Swiss SEM AG on a loan transfer agreement and additional payment issues, which related to the financing of a Serbian company that is developing a high-value real estate project.

JPM & Partners

With ‘excellent knowledge of Serbian legislation and regulation’, JPM & Partners’ banking and finance team has extensive experience in project finance, PPPs, NPLs, reorganisations, and restructurings. Co-leading the ‘responsive and accurate’ group at senior partner level, Jelena Gazivoda, who has ‘outstanding legal proficiency in a vast number of legal areas’, has expertise in complex financings and financial services-related deals; and Nenad Popović specialises in banking and finance, including strategic transactions and regulatory issues. The team also showcases banking and finance expert Nikola Poznanovic, who has ‘good knowledge of foreign exchange matters’.

Practice head(s):

Nenad Popovic; Jelena Gazivoda

Other key lawyers:

Nikola Poznanovic; Nikola Djordjevic


‘The JPM team is very professional, providing a variety of unique services.’

‘They provide a very useful service in relation to both the financing and energy markets.’

‘Jelena Gazivod – bespoken advice with direct and to-the-point information and recommendations.’

‘Individuals that are very professional, proactive, reliable, responsive and accurate, and with good knowledge of English.’

‘JPM has excellent knowledge of Serbian legislation and regulations, which they perfectly match with the international aspects of finance matters.’

‘Jelena Gazivoda – outstanding legal proficiency in a vast number of legal areas, including the energy sector.’

‘Nikola Poznanovic is a great person, with experience in this field and good knowledge of foreign exchange matters’.

‘Nikola Djordjevic – deep academic knowledge and fantastic analytical skills, along with perfect understanding of industry practices and specifics.’

Key clients


Victoria Group

China Shandong International

MK Group

Pacific Investment Management Company LLC

Work highlights

  • Advising on the negotiations and execution of a loan facility agreement with VTB Bank for the purpose of financing the construction of a 400km natural gas pipeline.
  • Advising an American investment management firm on the drafting of the legal due diligence report for the Serbian subsidiary of B2Holding ASA, and receivables that the Serbian subsidiary holds in relation to a senior facility agreement.

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

One of the best firms in the market’, Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz‘s banking and finance team is particularly well known for its experience in major syndicated and bilateral cross-border lending transactions, along with acquisition, leveraged, project and real estate finance. The team also assists with structured commodity and trade finance, debt restructuring, and NPL portfolio sales. Banking and finance head Milica Popović has longstanding experience in finance deals, refinancing, project finance, and financial restructurings. Ksenija Boreta and Jovana Bingulac are other active team members.

Practice head(s):

Milica Popović

Other key lawyers:

Ksenija Boreta; Jovana Bingulac


‘They are one of the best firms in the market, with lawyers trained to handle complex and sophisticated matters.’

‘Extremely dedicated and professional team.’

‘Milica Popović is an exceptional lawyer. She masters the details, but always has an eye on the broader strategy. Dedicated to clients.’

Jovana Bingulac is an exceptional lawyer.

Key clients


Credit Suisse


OTP Bank

Banca Intesa Serbia

Erste Bank Serbia

NLB Komercijalna banka a.d. Beograd

NLB d.d. Ljubljana



OTP Bank

Erste Group Bank AG

OP Corporate Bank plc


Acredia AG

Trafigura PTE Ltd – Geneva Branch

Ashland Hill

Work highlights

  • Advising a consortium of banks, consisting of UniCredit, Credit Suisse, Eurobank and OTP Bank, on the refinancing of Čibuk-1 Wind Farm (158MW), a large wind project.
  • Advised EBRD, Banca Intesa Serbia and Erste Bank Serbia on the financing of Al Dahra, in relation to its investment in agriculture production facilities in Serbia.
  • Advised NLB Group on the financing of the reconstruction of Sava Center, the largest (reportedly) congress venue in Southeast Europe.

Bojovic Draškovic Popovic & Partners

Highly active in aviation industry matters, Bojovic Draškovic Popovic & Partners‘ team routinely advises on aircraft leases. Other recent work includes acquisition financings and NPL portfolio matters. Marija Bojović acts on a range of domestic and international financing transactions, including derivatives, and structured, project, acquisition and leveraged finance. Bojović is supported by senior partners Vuk Drašković and Uroš Popović, as well as Milica Pešterić, who was promoted to partner in May 2023.

Practice head(s):

Marija Bojović

Other key lawyers:

Vuk Drašković; Uroš Popović; Milica Pešterić; Stefan Golubović


‘Banking, finance, and corporate lawyers at the firm seamlessly collaborated with one another, pooling their collective expertise to provide comprehensive and strategic legal solutions.’

‘Their ability to work cohesively as a team amplified the quality of their services, leaving no room for oversight or error.’

‘It was evident that they were fully dedicated to achieving the best possible outcome.’

‘Uroš Popović is an exceptional lawyer, possess exceptional analytical skills. He can quickly identify relevant facts, assess complex legal issues, and develop logical and well-reasoned arguments. His sharp intellect and ability to think critically enables him to navigate intricate legal problems with ease.’

‘Communication is at the core of a lawyer’s profession, and Stefan Golubović is exceptional in this aspect. He also has a problem-solving ability. He possesses a keen eye for detail and thinks creatively to develop innovative solutions.’

‘The team gives good support and professionally well prepared, feedback in a short time and with exhaustive answers.’

Key clients


Wings Capital

Vision East

2HT Limited

Argon Industrial


Work highlights

  • Advising Wings Capital Partners on the leases of two Airbus A320-200 aircrafts to JSC Air Serbia.
  • Advising a Germany-based leasing company on leasing four different ATR 72-600 aircrafts to JSC Air Serbia.

Djokic + Partners

With ‘deep understanding of banking and finance law’, Djokic + Partners‘ banking and finance team focuses on project finance, banking advisory, finance-related regulations, banking disputes, and complex loans. The ‘greatly appreciated’ name partner Djordje Djokic is experienced in project finance, general lending, and acquisition asset and structured finance deals. Flanking Djokic is Lazar Šofranac, who ‘advises on the most complex banking matters’.

Practice head(s):

Djordje Djokic

Other key lawyers:

Lazar Šofranac


‘The law firm excels thanks to its deep understanding of banking and finance law, which guarantees adherence to the law and responsible financial practices.’

‘Djordje Djokic’s experience and knowledge greatly benefit clients’ operations.’ 

‘Lazar Šofranac is always available to provide solid legal advice.’

Key clients

Erste bank AD

Erste AD Podgorica


CBRE Group Inc

Glovo Group

Pestan Group

Belgrade ZOO garden – Belgrade Zoo

IGM Trudbenik

RC Europe Group

Penta development

Immobalcan d.o.o



ZFP Group

Keramika Kanjiža

BG Reklam

Work highlights

  • Advised RC EUROPE group on a €25m transaction involving the sale of two SPV companies that possess two retail parks, including focusing on resolving all issues with the bank that financed both projects.
  • Advised Yandex on the use of special payment methods on their platforms in the Republic of Serbia.
  • Represents ERSTE BANK in a host of different court proceedings.

MVJ marković vukotić jovković

MVJ marković vukotić jovković‘s banking and finance group covers structured finance, project financing, leveraged finance, syndicated lending, asset finance, bonds, and consortium lending. The practice is further notable for its expertise in blockchain technology within finance, crowdfunding, and other modern sources of financing utilising IT. Senior partner Marko Jovkovićknows finance work very well’, while Stefan Jovičić advises on project, real estate and acquisition financing, along with debt restructuring.

Practice head(s):

Marko Jovković

Other key lawyers:

Stefan Jovičić


Good and reliable. A great and talented team.’

‘They understand the market well and they are very strong in fintech. Clients appreciate their depth of knowledge and understanding of the most complex issues. They are also friendly and very supportive.’

‘The experience with the lawyers at MVJ is always very positive.’

Key clients

Air Serbia

Adriatic bank ad Podgorica

Adriatic bank ad Beograd

Yunex Traffic

Elko Grupa as

MK Group

Victoria Group

Finspot doo Beograd

Tesla Capital

Mikro Kontrol


Victoria Group


Kentaur A/S




Italia Living


Baytown NPL

Work highlights

  • Advised Yunex Traffic GmbH on the replacement of bank and corporate guarantees in over 100 jurisdictions, following the de-merger from Siemens.
  • Advised Victoria Group on a commodity financing extended to Kadino Industri Grup dooel, North Macedonia.
  • Advised Italia Living on the debt restructuring of its Serbian subsidiaries.

Prica & Partners

Advising on a broad range of banking and finance services, the client base of Prica & Partners‘ ‘very flexible’ banking and finance practice ranges from banks, financial institutions, insurance companies and real estate investment firms to private equity funds, corporations, state-owned enterprises, asset managers, and debt collectors. Managing partner and team head Mihajlo Prica has longstanding banking and finance expertise, and Tijana Lalić specialises in banking, finance, insurance and financial services.

Practice head(s):

Mihajlo Prica; Tijana Lalić


Very flexible and excellent response times.’

‘Both collaboration and professionalism are at high levels.’

‘Requests are treated very smoothly and they understand clients’ situations. Overall, a very positive experience.’

‘Approach to clients, prompt and complete resolution of arising issues, comprehensive involvement in the project, and good operational assistance.’

‘Differ from competitors in that they are always open to discussions (both orally and in writing), and very prompt at getting in touch with detailed and elaborate comments.’

Key clients

Stopanska banka AD – Skopje

Banca Intesa

The China Development Bank, Fujian Branch

ING Bank N.V.

Fortenova Grupa d.d.

Istrabenz Plini

Crédit Agricole

Eurobank Direktna


Hungarian Export Promotion Agency

Work highlights

  • Successfully represented Eurobank Direktna a.d. Belgrade (ex Piraeus Bank) against the Republic of Serbia in damages proceedings before the High Court of Belgrade, which involved proving a mistake of the state authorities.
  • Advised Fortenova Grupa d.d, a Croatian company, Poslovni Sistem Mercator d.o.o, a Slovenian company, and Mercator-CG doo, a Montenegrin company (all part of Fortenova Group) on the Montenegrin aspects of a €1.2bn financing.
  • Assisting The China Development Bank, Fujian Branch, with granting a new loan facility to Zijin Bor Copper.

Stankovic & Partners (NSTLAW)

Stankovic & Partners (NSTLAW) team is regularly instructed on large and significant banking and finance matters in Serbia, with project finance a particular strength of the firm. International business law specialist Nenad Stankovic is an expert in banking and finance, including project finance, restructuring and insolvency issues. The practice further includes Andjelka Radovanović, a partner since early 2023, Sara Pendjer, whose ‘support is invaluable’, ‘really promising lawyerLuka Marosiuk, and Mitar Simonovic.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Andjelka Radovanović; Sara Pendjer; Luka Marosiuk; Mitar Simonovic; Maja Mladenović


‘Outstanding in its commercial and pragmatic approach to providing legal assistance.’

’An excellent understanding of the way clients like to do business and their priorities. This is what really distinguishes the team from other law firms in Serbia.’

‘Nenad Stankovic – clients have an excellent relationship with him, built over many successful years of working together on substantial projects. Clients highly recommend his services.’

‘Sara Pendjer is a senior team member whose support is invaluable. She is always efficient, effective and excellent to deal with.’

‘Mitar Simonovic is a really talented up-and-coming member of the team who  gives valuable advice on a range of key matters.’

‘Luka Marosiuk is a really promising lawyer in the banking and finance arena – clients can rely on him for thoroughness and a keen appreciation of industry developments.’

Key clients

Beauvallon Europe S.A., SPF

Brif Tres doo Beograd

Brif-TC doo, Beograd

Teddy S.p.A.

British American Tobacco

Titantex SRL Unipersonale


Scania Leasing

Edelweiss Balance AG

Apatinska pivara

Aelius SARL Luxembourg, affiliate of EMS SA

Galenika, affiliate of EMS SA

European Bank for Reconstruction and Development

Monster Energy

Celanova (group of companies)


Czech Export Bank


Czech Export Bank

Proleter Ivanjica AD


Work highlights

  • Advised Beauvallon Europe S.A., SPF, a Luxembourg company with several subsidiaries in Serbia, on the financial situation of its Serbian subsidiaries, Brif Tres doo Beograd and Brif-TC doo, Beograd.
  • Acting for Czech export bank, a specialist state-owned financial services institution on an acquisition financing facility for the purchase of a number of companies in the construction sector in the Republic of Serbia and Republika Srpska (Bosnia and Herzegovina) by a Czech business.
  • Assisted Proleter AD Ivanjica with issues arising from a number of inter-company loans.