Banking and finance in Serbia
Working for both lenders and borrowers, BDK Advokati stands out for its experience in Loan Market Association and international swaps and derivatives association documentation and hedging transactions. Tijana Kojović advised Société Générale (as agent) and a syndicate of commercial bank lenders, on a €3.05bn credit facility provided to a subsidiary of PPF Group for the acquisition of Telenor's CEE business. Dragoljub Cibulić and senior associate Dragoljub Sretenović are other names to note.
Harrisons Solicitors' key areas are loan facilities, non-performing loans (NPLs), equity finance, capital markets, Eurobonds, derivatives and project finance. The team was Serbian legal adviser to the lenders, EBRD, Erste Group and Erste Bank Serbia, on a wind farm-related financial package. Consultant Ines Matijevic-Papulin is the department head and senior associate Jovan Cirkovic is regularly involved in major financing projects.
Karanovic & Partners's 'team is experienced, professional and can handle the most complex legal deals'. Darko Jovanović led advice to Société Générale Srbija on the acquisition of a portfolio of banking products of Jubanka ad Beograd; Maja Jovančević Šetka 'does a great job', Katarina Gudurić was made partner and Mina Srećković is a key associate.
Moravcevic Vojnovic and Partners in cooperation with Schoenherr's practice covers NPL sales and bank restructurings; it also fields lawyers with expertise in derivatives and capital markets. The team advised a syndicate of OTP banks on two significant loan transactions. Nikola Babić and Petar Kojdić are the practice heads.
Gecic Law is 'always ready to assist clients with all the legal issues they encounter during their day-to-day business'. The practice advised Advance Global Capital, a financial services company, on a complex cross-border financing of a local factoring company and its business operations. The banking and finance team is led by Nikola Aksić; Jovan Rajković is an experienced senior counsel.
Joksovic, Stojanovic & Partners 'understands complex requests from clients'. The team stands out for regulatory issues involving insurance, foreign exchange transactions, subordinated loans and debt restructuring. It assisted Alkemy with the acquisition financing for a Serbian digital marketing company. Petar Stojanovic 'has a very professional attitude'.
Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss recently experienced an increase in refinancing and debt restructuring work; the team is also active in banking regulatory issues. Belgrade managing partner Miroslav Stojanović and Nataša Lalović Marić advised a multinational bank syndicate on a €130m loan for a shopping centre refinancing and office tower development financing.
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 Popović advised 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.
Bopa Bojanovic & Partners is 'always up to date with new developments'. The team advises on syndicated lending, financial regulation, capital markets, structured finance, restructuring and distressed transactions. It advised Austria-based Erste Group Bank on a high-value facility for a Serbian company. Vladimir Bojanovic heads the banking and finance department.
Kinstellar/Zajednicka advokatska kancelarija Maric & Mujezinovic's scope of work includes acquisition finance, loans and capital markets. Other areas of note are asset, energy, infrastructure and real estate finance, restructuring and financial markets regulation. Branislav Marić and senior associate Tijana Arsenijević are the key advisers.
Prica & Partners' experience involves general lending, acquisition, asset and structured finance, NPL portfolio acquisitions and project financing, as well as assessing loan and debt structures. Mihajlo Prica heads the banking and finance department; Tijana Lalić and Miloš Vulić are also key contacts.