Commercial, corporate and M&A in Serbia

BDK Advokati AOD

BDK Advokati AOD's corporate group acts on complex corporate governance, commercial contracts and regulatory issues. The M&A team is headed by Vladimir Dašić, who advises on prominent regional M&A deals; the firm has a presence in a number of Western Balkan states. The group excels in deal structuring, advising on joint ventures, takeovers and compulsory buy-outs.  It acts for bother buyers and on the sell side, and assists companies in establishing a presence in the region. It also provides a range of corporate finance expertise. Tijana Kojović is active on transactional work; Dragoljub Cibulić advises on greenfield real estate, energy and infrastructure projects; and associate Jelena Zelenbaba regularly acts on acquisition deals in addition to liquidations, capital reductions and increases, and delisting. Former corporate German desk head Saša Stojanović left to co-found Radovanović Stojanović & Partners AOD in 2021.

Practice head(s):

Tijana Kojović; Vladimir Dašić

Other key lawyers:

Dragoljub Cibulić; Jelena Zelenbaba


The team is practical, friendly and goal oriented. The lawyers think alongside their clients in order to take the best course of action and go the extra mile.

The associates involved were very knowledgeable.

Flexible, adjusts to clients’ needs and has great industry knowledge.

‘Ability to find creative solutions to thorny issues, with absolute commitment to clients and round-the-clock availability.

The service’s scope includes proactiveness, depth of knowledge, timeliness of advice and creativity. One can really rest assured that when working with BDK they have the clients’ best interests in mind.

Very strong support during a successful acquisition project, including negotiations, due diligence, and even facilitating and negotiating with government agencies.

Key clients



British American Tobacco


Nestor Advisors

Rio Tinto

Convex Holding


Labiana Group

Biomin GmbH

Logo d.o.o.

Independence Holding Company

Agri Europe Cyprus Limited

China Road and Bridge Corporation

Work highlights

  • Continues to act as the exclusive legal services provider for Google in Serbia.
  • Advised Amazon on the acquisition of Sizmek’s business, which includes assets in Serbia.
  • Advised Biomin on the acquisition of the entire VINFEED DOO shareholding.

JPM Jankovic Popovic & Mitic

JPM Jankovic Popovic & Mitic’s corporate and M&A department is active in key industry sectors, including energy, telecoms, financial services, infrastructure projects, mining and medical devices. At senior partner level, corporate and M&A specialist Nenad Popovic is corporate head, and Jelena Gazivoda is mining and energy group leader. The strong second line of partners showcases Jelena Stanković Lukić, who specialises in M&A, joint ventures, corporate law, and regulatory and licensing law; and corporate, tax, M&A and energy expert Nikola Đorđević. Bojana Javorić is an experienced senior associate.

Practice head(s):

Nenad Popović; Jelena Gazivoda

Other key lawyers:

Nikola Đorđević; Bojana Javorić


The members of the team are very experienced, reliable and commercially oriented – they do an excellent job.

They have extensive know-how and are fully specialised. We always receive analyses that are understandable and implementable.’

JPM is precise and delivers its advice in a timely manner. We are completely satisfied with the quality of service provided by the attorneys.

We value their professionalism and the high quality of their work.

JPM has  an impeccable reputation and provides a 360-degree legal service.’

Jelena Gazivoda is an exceptional lawyer – one of the best, if not the best lawyer in Serbia. Her expertise is diverse, ranging from corporate and M&A, energy and infrastructure, and PPP matters. Her style is very systematic and detail-oriented. Jelena is a true leader and a perfect person to work with. 

Jelena Gazivoda has enormous expertise and the ability to provide an in-depth analysis of complex matters immediately.

Nikola Đorđević is capable of incorporating legal analysis findings into a comprehensive legal strategy.

Key clients

MTU Aero Engines AG

Gastrans d.o.o., Novi Sad

Rolls Royce & Partners Finance

Panasonic Corporation

Karlovarské minerální vody, a.s.

Adventura Holding d.d., Slovenia


Cerved Credit Management Group

China Shandong International Economic & Technical Cooperation Group, part of Shandong Hi-Speed Group

JP Srbijagas

Transportgas Srbija d.o.o.

Victoria Group

Work highlights

  • Advised on multi-jurisdictional corporate governance and corporate compliance matters, as well as complex commercial agreements.
  • Advised on the purchase of a majority shareholding in Air Pink, a Serbian aviation company.
  • Advised a consortium on the acquisition of Knjaz Milos, a large producer of mineral water, soft and energy drinks in Serbia.

Karanovic & Partners

'Recognised as a top-tier legal practice', Karanovic & Partners' sizeable corporate and commercial team is consistently involved in significant transactions involving Serbia. Clients particularly benefit from the firm's integrated practice that utilises lawyers across multiple jurisdictions, including Montenegro, Bosnia, North Macedonia, Croatia and Slovenia. Current managing partner Dragan Karanovic heads the corporate and commercial practice group, which includes renewables and mining expert Miloš Vučković and Marjan Poljak, who spearheads the firm's regional business development. Also highly regarded are Miloš JakovljevićIvan Nonković and Goran Radosevic. The key senior associate is Sava Drača.

Practice head(s):

Dragan Karanović; Miloš Vučković; Marjan Poljak

Other key lawyers:

Miloš Jakovljević; Ivan Nonković; Goran Radosevic; Sava Drača


Provides a comprehensive service in Serbia and other Western Balkan countries.

We’ve been pleased with the firm’s commercial sensibilities and thoughtful advice. Many of the people we work with have experience in the London or New York markets, and understand what international clients want in terms of legal advice.

‘We haven’t seen another firm with the same combination of international sophistication and local expertise.

They deserve to be recognised as a top-tier legal practice in the SEE region.

We have always been very satisfied with the quality of their legal services, especially their immense knowledge of different industries.

Their biggest strengths are professionalism and responsiveness, as well as accessibility and ability to meet tight deadlines.

Ivan Nonković has impeccable credentials – he is an internationally sophisticated partner who has invaluable experience in a range of matters. He and the entire team are very practical and give tailored advice rather than regurgitating statutes without any analysis.

‘Ivan Nonković is creative, problem-solving oriented, and very well organised.

Key clients

Epic Games

Mid Europa Partners

NIBE Industrier AB

ZF Friedrichshafen AG

PPF Group



Inditex Group

Raiffeisen Bank International AG

Work highlights

  • Advised Epic Games on the acquisition of 3Lateral, a developer of digital humans’ technology and creative content.
  • Advised, alongside White & Case LLP, on the sale of Knjaz Miloš, a Serbian carbonated mineral water producer.
  • Advised PPF Group, the Czech investment firm, on the acquisition of Telenor Bank, a fully mobile and online bank that operates in Serbia.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr

'With an excellent reputation in the market', key features of Moravcevic Vojnovic and Partners in cooperation with Schoenherr's practice include its significant TMT and automotive sector expertise. It also has a substantial track record in headline bank M&A transactions. 'A great lawyer with brilliant ideas', Matija Vojnović heads the corporate and M&A practice, alongside 'excellent corporate lawyerLuka Lopičić, who is known for high-end deals. Also highly regarded are telecoms and energy sector specialist Slaven Moravčević; and 'highly specialised lawyerVojimir Kurtić, whose core practice is corporate and M&A work.

Practice head(s):

Matija Vojnović; Luka Lopičić

Other key lawyers:

Slaven Moravčević; Vojimir Kurtić


Schoenherr’s corporate team consists of lawyers who are experienced and who operate by international standards.

Their client service is at a very high level, which is impressive. They have an excellent reputation in the market and they are recognised for handling some of the most prominent transactions of the last few years.’

The team is very strong – probably the strongest group in the country and possibly the strongest regionally.

Highly professional and proactive – very practical as well.

Matija Vojnovićic is a great lawyer with brilliant ideas. He is well known for his professionalism and quick response times to any request. He thinks quickly and has a creative approach to problem solving. I have been very pleased with his work.’

Matija Vojnovićic did a great job in co-ordinating the team.’

Luka Lopičić is an excellent corporate lawyer, who has both local and regional M&A experience.

Vojimir Kurtić is a highly specialised lawyer with excellent negotiation skills. He provides solutions to unique problems, and has strong commitment and high responsiveness levels. He listens very carefully in order to understand our needs, and even understands the business side, as well as legal, which makes communication much easier.

Key clients

Telenor Group


Société Générale



Swiss Auto Group

Smurfit Kappa Group

Thumbay Group

Getinge SEE

Lilly Drogerie

Work highlights

  • Advised Société Générale on the sale of its banks in Serbia, Montenegro and Moldova to OTP Bank, and the sale of its majority stake in Ohridska Banka AD Skopje to Steiermaerkische Sparkasse.
  • Advised Zijin Mining Group on the Serbian aspects of its €390m acquisition of its joint venture partner in Rakita Exploration (Freeport).
  • Advised Smurfit Kappa Group on the acquisition of the largest integrated packaging businesses in Serbia from Kappa Star Group.

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

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz is widely respected for its expertise in complex and high-value matters. The practice also assists multinational corporations with ongoing day-to-day corporate and commercial issues. Radivoje Petrikić brings over 25 years' experience in major commercial and M&A transactions and development projects throughout the CEE; and Maja Stepanović has longstanding experience in major national and international transactions. Also key to the group is Marija Tešić, who is an expert in status changes, takeover bids and mandatory squeeze-out and delisting procedures.

Practice head(s):

Radivoje Petrikić

Other key lawyers:

Maja Stepanović; Marija Tešić

Key clients

BMTS Technology

König Metall Group

European Investment Bank (EIB)

Best in Parking – Holding AG

China COSCO Shipping

fischer automotive systems GmbH & Co. KG


Advent International


Meat Cracks Technologie GmbH

Viessmann Group

Poseidon Group

LEAR Corporation

Ahold Delhaize

Johnson & Johnson


Zumtobel and Tridonic

Work highlights

  • Advised a global manufacturer of exhaust turbochargers for the automotive industry on its entry into the Serbian market and the development of a production facility.
  • Advised a German metal processing company on the establishment of its business presence in Serbia and opening of a production facility.
  • Providing a report for the EIB on potentially restricted access to the Serbian market for foreign companies.

Bojovic Draškovic Popovic & Partners

Bojovic Draškovic Popovic & Partners 'has a very strong commercial, corporate and M&A practice' that handles cross-border M&A, as well as local transactions. IT sector specialist and corporate, commercial and M&A group head, Vuk Drašković, consistently acts on large M&A transactions in the region; and admitted to practice before the New York Bar, Uroš Popović provides both Serbia- and US-compliant advice. Marija Bojović is also a corporate and commercial law specialist, while Mario KijanovićMilica Pešterić and Miloš Andrejević are key senior associates.

Practice head(s):

Vuk Drašković

Other key lawyers:

Uroš Popović; Marija Bojović; Mario Kijanović; Milica Pešterić; Miloš Andrejević


All key business support aspects are covered within the team, with easy access to experts in specific areas and excellent internal team co-ordination.’

Easy communication, professional attitude, speedy responses and a reliable service.

The team has solid legal knowledge, and is very proactive and business oriented.

A pleasure to work with – we see them as a reliable partner.

They provide a consistent quality of service, routinely addressing our requirements and needs. And most importantly, they cover all possible aspects of a transaction and all our concerns are resolved excellently.’

The team has a very strong commercial, corporate and M&A practice that demonstrates in-depth knowledge of Serbian corporate law and governance involving state-owned enterprises. Their delivery in English was also impeccable.’

The firm is a highly reliable partner for M&A projects that involve international elements, and the team is highly versed, intelligent and experienced. 

‘I work with Vuk Drašković and I have only words of praise for him. He is professional and friendly at the same time, and completely committed to our needs and our success. Senior associate Milica Pešterić is also a really good and efficient lawyer.

Key clients

Turkie Maarif School



The Walt Disney Company

MSC Global Shipping Company

Colgate Palmolive

FitPass Limited

Tata Communications


Work highlights

  • Advised FitPass on the second stage of the sale of its Serbian company, Emergo Sport.
  • Advised EBRD on the corporate governance of state-owned enterprises.
  • Advises on ongoing corporate maintenance issues.

BOPA Bojanovic & Partners

'A premium law firm for premium clients', BOPA Bojanovic & Partners' corporate and commercial team specialises in various industry sectors, including energy and infrastructure, pharmaceuticals and healthcare, TMT, and food and beverages, along with fast-moving consumer goods (FMCG), automotive and aviation. Vladimir Bojanović, who 'stands out for M&A and private equity in Serbia' heads the corporate and commercial department; Bojanović is regularly sought out by international clients to act as lead legal counsel on deals across the SEE region.

Practice head(s):

Vladimir Bojanović


This is the firm if you want the best corporate and M&A advice for the most complex matters.

The whole team is outstanding, fully engaged and available 24/7.

A premium law firm for premium clients, with industry knowledge like I have never seen before.

Responsive and dedicated.

Not many firms can show the same track record – Covid 19 did not slow them down at all.

The whole team is amazing, but especially the managing partner Vladimir Bojanović.’

Vladimir Bojanović is the leading figure, but the whole team is outstanding. ’

Vladiimir Bojanovic’s name stands out for M&A and private equity in Serbia. There is no deal he cannot close.

Key clients

Polhem Infra Kommanditbolag

Twilio, Inc

BMI Group Holdings UK Limited

Updata Partners USA

Asian Sourcing Link

Fevo, Inc

Sutherland Global

Bothar Group

Barry Wehmiler


Pošta Slovenije



GTT Communications

Knorr-Bremse AG

Gazprom, Gastrans, d.o.o. Novi Sad

General Electrics

Wizz Air

CJ O Shopping

Ariston Thermo

Work highlights

  • Advised Polhem Infra Kommanditbolag on the acquisition of Telia Carrier’s business from Telia Company AB.
  • Advised on the acquisition by Twilio of a business from a US telecoms company, which has a subsidiary in Serbia.
  • Assisted with the internal restructuring of BMI Group, including the transfer of shares in Serbian companies.

Harrisons Solicitors

The only English law firm in Serbia, Harrisons Solicitors has longstanding experience of handling major acquisition and sale transactions. It also fields MENA market experts, and has experienced recent growth in relation to IT start-up companies, Abu Dhabi investors and the agriculture sector. Consultant Goran Martinovic regularly acts for international and domestic clients, and local governments, on high-profile Serbia-related transactions. Current honorary legal adviser to the British Ambassador to Serbia, Mark Harrison specialises in high-profile regional transactions.

Practice head(s):

Goran Martinovic

Other key lawyers:

Mark Harrison

Key clients

Fortenova Grupa d.d. (Agrokor)



Citibank Rep Office

Enterprise AMS (EAMS) – Arcardis Group

FCA Serbia (Fiat Chrysler Automobiles Group)

Al Dahra Serbia

Al Rawafed

Harsco Metals

SR Technics




Mondi Packaging

Seven Bridges Genomics

Work highlights

  • Advises Al Dahra on corporate and commercial matters concerning its Serbian operations.
  • Advised Gategroup, a global airline catering, retail onboard and equipment solutions provider, on various corporate matters surrounding its Serbian subsidiary, Gategroup Services.
  • Advised EAMS Group (part of Arcadis group), on the acquisition of Inspiresoft, a local IT company.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners has 'a deep understanding of local and regional laws and industry rulebooks'. The team consistently acts on large-scale projects for a wide corporate client base from various industries. Milan Joksovic, who is 'very professional and offers quick and practical advice', has over 30 years' experience in corporate practice, and Petar Stojanović has longstanding and extensive M&A expertise. The strong second line of partners includes the 'efficient, organised and commercialSrdjan Tolpa and recently promoted partner Goran Vučić.

Practice head(s):

Milan Joksovic; Petar Stojanović

Other key lawyers:

Srdjan Tolpa; Goran Vučić; Tijana Milisic


The team is highly professional, has a wide range of practical experience, and delivers short response times.

Deep understanding of local and regional laws and industry rulebooks.

‘Their availability and responsiveness gives us the confidence that we can rely on Joksovic, Stojanovic & Partners.

The process of establishing our company in Serbia was handled in a very professional and smooth way – no complications at all.

With Joksovic, Stojanovic & Partners, we found exactly what we were looking for – a professional and solutions-oriented partner.

‘Milan Joksovic has profound knowledge of all legal matters regarding a company’s foundation – we are very impressed. Of course, it was also an advantage to have a partner who was fluent in both German and English.

Milan Joksovic is very professional and offers quick and practical advice.

Srdjan Tolpa is a pleasure to work with. He is efficient, organised and commercial, and provides concise and clear advice on Serbian law matters for non-Serbian lawyers.’

Key clients

Robert Bosch

Nelt Group

Infrastructure Development and Construction

BSH Hausgeräte


General Electric


Meridian Group

Koepfer Group

Renault Nissan

Nokia Solutions and Networks


SSA Pana

BTL Medical Technologies


Nexe Group



Raico Bautechnic

Mitros Fleischwaren



Regent Beleuchtungskörper


Pragmatic Play

Merck Sharp & Dohme (MSD)

Teknoxgroup Srbija

GrECo International


Elekta Solutions


Croatia Records

GMG Health

Work highlights

  • Advised Freeport McMoran on the up-to $390m sale of its copper and gold assets in Serbia to Zijin Mining.
  • Advised Nelt Group on a cross-border joint venture project involving the construction of a factory in Angola.
  • Advised Infrastructure Development and Construction on the payment of a high-value dividend and a high- value supply agreement.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss' Belgrade team has worked on some of the largest and most complex transactions in Serbia, including corporate law, M&A, energy and infrastructure, real property and restructuring matters. With over 20 years' experience, Belgrade managing partner Miroslav Stojanović advises on high-profile deals, including privatisations, restructurings and bankruptcy-related reorganisations; and Nataša Lalović Marić's experience includes advising on various forms of investments in Serbia. Counsel Andjelka Todorovic is also a key team member.

Practice head(s):

Miroslav Stojanović; Nataša Lalović Marić

Other key lawyers:

Andjelka Todorovic; Aleksandar Ristic; Marijana Zejakovic


Consistent quality of work that is well laid out, structured and comprehensible.

Very responsive, practical and detail-oriented partners and associates.’

They skilfully navigate contracts to satisfy clients, and are quick to analyse legal problems and provide practical, business-oriented results in a timely manner.

Deep experience and professionalism- they come highly recommended!

They provide timely support and always deliver real solutions with no or minimal risk.’

Key clients

Consortium of Suez Groupe SAS and I-Environment Investment Ltd (and their Special Purpose Vehicle, Beo Cista Energija d.o.o.

ALSO Holding AG

Lexmark International Technology S.a.r.l.,

Hutchinson SA France

Hutchinson d.o.o. Ruma

Naftna industrija Srbije a.d. NIS (a joint venture company between Russian Gazprom Neft and the Republic of Serbia)



WPP – Russell Square Holding B.V.

Work highlights

  • Advised Suez Groupe SAS, I-Environment Investments Ltd, and their project company Beo Čista Energija d.o.o.a on all aspects of the Belgrade Energy from Waste Project.
  • Advised Hutchinson, a French manufacturer, on a wide spectrum of legal issues surrounding the commencement of its manufacturing operations in Serbia.
  • Advised local subsidiaries of Cineplexx, Austria’s cinema chain, on various corporate law matters in Serbia.

Prica & Partners

Prica & Partners' 'very responsive and straight-to-the point' team advises both Serbian and international companies on corporate and commercial transactions, M&A, incorporations, contracts and corporate governance, along with shareholder issues, restructuring and divestments. Danica Gligorijević's experience includes privatisation projects; and in addition to heading the firm’s banking and finance team, managing partner Mihajlo Prica focuses on corporate, M&A and commercial matters. Also key to the group is energy and infrastructure specialist Ana Čalić Turudija.

Practice head(s):

Danica Gligorijević; Mihajlo Prica; Ana Čalić Turudija

Other key lawyers:

Veljko Nešić


The level of Prica & Partners’ support, as local counsel, was excellent in terms of professionalism, response times and business-oriented approach.’

Very responsive and straight-to-the point approach, with deep knowledge of the local M&A market. They are also well connected in the region.

Easy to approach, ready to assist, responsive, knowledgeable, motivated, experienced and cost efficient.

The Prica & Partners’ team is highly prompt in its reactions, very knowledgeable and thorough. But most of all, its can-do attitude stands out.’

‘They have a very good understanding of clients’ business needs.

‘A very professional and individual approach to clients, with careful resolving of specific problems.

Adapts to clients’ requirements – this is especially important as we are a foreign company.

Ana Čalić Turudija is very professional, takes a really personal approach to her work, and is well versed in providing sound business advice.

Key clients

The Rohatyn Group (TRG Management LP)



Wizz Air Hungary Ltd.


Procter & Gamble

dm drogerie markt



Ferrero International SA

American Express


Government of the Republic of Serbia


Alpiq Energy





Abbott Laboratories



Eyemaxx International Holding & Constructing GmbH


3M South East Europe Region






Process Solutions Kft.

Christof group

Klett Publishing house Ltd.

Northrop Grumman Corporation


Work highlights

  • Advised on the privatisation process for Komercijalna Banka a.d. Beograd, the country’s second largest bank.
  • Assisted the Rohatyn Group (TRG Management LP) with the acquisition of Optimapharm DD Zagreb, a contract research organisation company, including subsidiary, Optimapharm doo Beograd.
  • Assisted a Turkish healthcare group with the Serbian aspects of a cross-border project that involved the acquisition of a 60% stake in a private Serbian healthcare company.

Samardžić, Oreški & Grbović Law Firm

'Definitely one of the best on the market', Samardžić, Oreški & Grbović Law Firm advises both public and private acquirers and targets on a wide range of corporate matters. Milan Samardžić has significant experience in advising international and local clients on large-scale M&A transactions and joint ventures; Radovan Grbović's broad practice includes M&A transactions and real estate industry expertise; and Marija Oreški Tomašević advises foreign companies that enter the Serbian market. Miloš Velimirović is also a key partner.

Practice head(s):

Milan Samardžić; Marija Oreški Tomašević; Radovan Grbović; Miloš Velimirović

Other key lawyers:

Milan Novakov


They always keep the big picture and business goals of the client in mind, while also handling all the legal details of a transaction. They also provide creative solutions in response to any challenge.

We have worked with many law firms, and SOG is definitely one of the best on the market.

They are one of the leading Serbian practices, and are complimented for their experience, client focus and value for money.’

We find this corporate practice to be efficient, pragmatic and proactive.’

We are really happy with the service SOG provides. We wouldn’t have been able to get to where we are without their involvement.

They are a highly professional, dedicated and client-focused firm.’

Clients that we refer to SOG are always very happy with the quality of the legal services they receive.

Key clients

GlaxoSmithKline (GSK)

DB Schenker


Air France KLM

Tesla Inc.

USAID (Cardno Emerging Markets USA Ltd.)

FCC Group

Dubai National Air Transport Association (DNATA)

Delta Holding

Meinl Bank

Vice Media


Softline Eastern Europe & Central Asia

TransPerfect Translations

Outsource Insurance Professionals

Yihai Property

NBGP Properties


Alca Trgovina doo

Work highlights

  • Advised Vinfeed doo, a distributor of animal nutrition products in Serbia, on the sale of its shares to Biomin GmbH, a global animal nutrition firm.
  • Advised Etihad Airways on outsourcing its contact centre in Serbia.
  • Acted for the United States Agency for International Development (USAID) on its project with the Ministry of Trade, Tourism and Telecommunications, which involved drafting amendments to the E-commerce Act.

Doklestic Repic & Gajin

Doklestic Repic & Gajin's corporate and M&A team leverages strong support from its competition, real estate, finance and dispute resolution colleagues. 'One of the best corporate lawyers in the region', Slobodan Doklestic heads the corporate and commercial practice, which includes 'great corporate lawyer' Milos Pandzic, and 'reliable and highly professional' managing associate Aleksandra Stojanovic.

Practice head(s):

Slobodan Doklestic

Other key lawyers:

Milos Pandzic; Aleksandra Stojanovic


Doklestic Repic & Gajin is unique because of its expertise; the lawyers are also very confident and this is backed up by their great knowledge.

They provide very great value for money, as their advice is very practical and solutions oriented, which adds value to our business.

They advise us on our day-to-day operations, and they are absolutely amazing.

One of the best law firms on the Serbian legal market.

This firm is highly professional, and the team is hardworking and committed to delivering on time.

Slobodan Doklestic has excellent analytical skills, understanding of business, and the ability to advise on a wide spectrum of legal matters. He is definitely one of the best corporate lawyers in the region, and widely respected for his experience, expertise and professional approach. We are truly happy to have him on our side.

Milos Pandzic is a great corporate lawyer. He is reliable, very professional, and of great value to the firm.

Managing associate Aleksandra Stojanovic is very responsible, reliable and highly professional.

Key clients

Philip Morris


Ingenico Group



Smart Cargo

Budamar Logistics

UnifiedPost Group





Leoni AG

Continental AG

VisionFund International

AIK Bank

Balkan Gold

DTD Group

G4S Secure Solutions

Farmalogist Holding

Magna Pharmacia Group

Kedrion S.p.A.

Agroinvest Fund

Nelt & Co.


Teva Pharmaceuticals

VDL Bus & Coach

Hewlett Packard

Al Rawafed Serbia

Montenegro Telecom

Ideattack Inc.

Promedica 24

Moguntia Food Group S.A.

Move One Relocations Inc.

Pernod Ricard



Work highlights

  • Advised Farmalogist Holding on the acquisition of two target companies in Montenegro and North Macedonia.
  • Advised France’s MomentUp on the acquisition of an IT sector company in Serbia.
  • Advised Ingenico Group on the Serbian implications of the global restructuring of Ingenico’s operations.

Gecic Law

Gecic Law's 'innovative' corporate and M&A practice boasts a broad base of national and cross-border clients, ranging from medium-sized companies and governments to international conglomerates. With 'extraordinary dedication to clients', senior counsel Ognjen Colić heads the group. Bogdan Gecić also advises on significant corporate deals, while Danica Misojčić is an experienced senior associate.

Practice head(s):

Ognjen Colić; Bogdan Gecić

Other key lawyers:

Danica Misojčić; Žarko Popović


Their innovative and fresh approach to law differs from other law firms in the Balkans.’

Gecic Law has a wide range of experience in solving cross-border and cross-cultural legal problems for domestic and foreign companies.

Gecic Law is always there for us (available 24/7 ) and our work is always conducted conscientiously, diligently and well – we are happy with their service!

A very professional team with great competence in all areas of business; it’s as if they are a part of our own company, and they are fast, committed and reliable.

They deliver legal expertise, but clients also appreciate the firm’s linguistic and cultural expertise that has raised the bar for client service in Serbia, and even regionally.

I would single out Ognjen Colić because of his extraordinary dedication to clients.

Ognjen Colić is solutions oriented and capable of grasping the most complex facts and issues, as well as summarising them in a simple and practical manner that is understandable for the client.

Bogdan Gecić finds the best outcome for clients.

Key clients

Shikun & Binui


Takenaka GmbH

Aktor S.A.

McKinsey & Company

Cardiff Metropolitan University

Gorenje, Hisense Group

Government of the Republic of Serbia

Carmeuse Serbia

FractureCode Corporation ApS

Natural State Science, LLC

Municipality of Sopot

Work highlights

  • Advised the Government of the Ministry of Economy of the Republic of Serbia on the commercialisation of an industrial park (among others), which is (reportedly) the largest investment project in the region.
  • Advised Shikun & Binui, one of the largest construction and infrastructure companies in Israel, on the potential acquisition of five wind farm projects and a solar plant project in Serbia.
  • Acts as general legal counsel in Serbia to Nutanix, a global cloud business, its assistance including corporate, commercial and M&A matters.

Joint law office Marić in cooperation with Kinstellar

Kinstellar/Zajednicka advokatska kancelarija Maric & Mujezinovic is now known as Joint law office Marić in cooperation with Kinstellar, following the 2020 departure of former name partner Selma Mujezinović to found Law Office Mujezinović. The practice acts on both acquisitions and sales across the region. Branislav Marić is an M&A, corporate law, energy and projects specialist.

Practice head(s):

Branislav Marić

Other key lawyers:

Tijana Arsenijević; Nikola Stojiljković


Every lawyer at Kinstellar is 100% committed to the task assigned.

Each individual is a top expert, which gives clients the confidence that all problems will be solved in the best possible way.

The team has very strong capabilities.

Branislav Marić comes highly recommended.

Key clients

NLB Group


Perficient Inc.

MVM Group

Arena Hospitality Group

Work highlights

  • Advised on the privatisation of Komercijalna banka, which is (reportedly) the largest bank privatisation in Serbia to date.
  • Advised a Belgian courier service company on the acquisition of Fitek Group, a group of courier service companies, which included Serbian and Bosnian subsidiaries.
  • Advised Perficient, a US IT company, on the incorporation of its Serbian subsidiary and simultaneous acquisition (by the latter) of the Serbian assets and operations of another US company, Brainjocks.

Maric, Mališic & Dostanic o.a.d.

M&A is a core area for Maric, Mališic & Dostanic o.a.d., which consistently advises on high-value transactions and joint venture projects. Managing partner Ana Marić focuses on M&A for international clients that invest in Serbia; Rastko Mališić focuses on the IT, pharmaceuticals, and banking and insurance sectors; and Oliver Radosavljevic is very active in FMCG and energy-related matters.

Practice head(s):

Ana Marić; Oliver Radosavljevic; Rastko Mališić

Other key lawyers:

Jelena Susa Ranisavljevic; Miodrag Klancnik; Uros Zigic


They think ahead, and provide support at all levels with true assistance, not just advice.

Always available and ready to help, with no exceptions.

MMD is a law office comprising great professionals. As a strength, I would emphasise its team work and innovation, as well as attention to detail and sound judgement.

By comparison to other offices, the MMD lawyers adjust their legal opinions in a way that it is simple and understandable to business colleagues.

The level of engagement with the team at MMD is exceptional and far exceeds any experience I have received from any other legal team, either in Serbia or globally. The team goes above and beyond in every way to help and to ensure timelines are met; it also works hard to give us confidence to setup in a country we are not familiar with from a legislative stance.’

They have an innovative way of thinking, and their opinions are always to the point and highly appreciated.

Ana Marić is very helpful and constantly updating us.

Oliver Radosavljevic is a real professional, who is great at solving legal problems.

Key clients

AS 24 – member of Total Group



Orbis SA

Robert Bosch

Havas Group

Barry Callebaut

IKEA Serbia

French Embassy in Belgrade

Molson Coors

Mitsides Group



Martini Gradnja

FELA Planungs AG


SK Pharma

Alemani Trade

SIJ (Slovenska industrija jekla)

Rhenus Beteiligungs Austria


Better Collective


Astellas Pharma


Work highlights

  • Advised AFD on the legal framework surrounding public procurement procedures in Serbia.
  • Advised Molson Coors on a debt to equity swap, involving a local beer production company.
  • Advised Mitsides Group on the sale of a production facility.

NKO Partners

NKO Partners is well known for its sector specialists in real estate, mining, FMCG and retail. Djordje Nikolic and Djuro Otasevic co-head the corporate department. Nikolic is an M&A, corporate and commercial law, and real estate specialist, while Otasevic is active in major deals involving the mining, food and beverage, technology and telecoms sectors.

Practice head(s):

Djordje Nikolic; Djuro Otasevic

Other key lawyers:

Damjan Despotovic; Marina Nikolic; Milica Boskov


Our collaboration with NKO Partners has been successful for years, mainly due to their professionalism, quick turnarounds and extensive expertise.

Hands-onvery knowledgeable and always swift in answering and providing insight beyond simply answering the questions put to them.

‘Djuro Otasevic’s experience in this area is considerable; over the years he has demonstrated assertiveness and agility, both of which we truly appreciate.

Djuro Otasevic has made himself available on short notice on multiple occasions, and has shown unparalleled commitment to us as his client.

‘Djuro Otasevic is a partner who understands where to focus his legal work, in order to give the client what the client needs to know and what is of particular value to the client, especially when the client is foreign and not familiar with how things work in Serbia.

Key clients

General Electric




Dr. Max

Konica Minolta



Cuprum Plus


Tendam Group


Work highlights

  • Advised Farmanea, a local subsidiary of Dr. Max, on a public-private partnership involving the concession for 27 state-owned pharmacies.
  • Advises CTP, one of the largest industrial real estate developers in Central and Eastern Europe, on structuring complex M&A transactions (on an ongoing basis).
  • Advised Mercata, a Serbian distributor of consumer goods, on a joint venture project involving an investment in Veletabak, a local tobacco and consumer goods distributor.

Stankovic & Partners (NSTLAW)

'Great for its ability to understand clients' needs immediately', Stankovic & Partners (NSTLAW) regularly advises on complex, cross-border corporate M&A deals that involve global corporations and banks. Nenad Stankovic advises major clients on complex and high-profile transactions in Serbia, while Rados Lolo Kastratovic is an expert in significant privatisations and real estate transactions in Montenegro.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Rados Lolo Kastratovic; Sara Pendjer; Tijana Kovacevic;


A small team, but fully engaged on any task it is given.

Great for its ability to understand clients’ needs immediately and to offer  solutions to problems, even on short notice.’

A team that shows great intelligence, humility, simplicity of presentation, and the ability to meet clients’ needs.

The team is immensely helpful and professional.

Nenad Stankovic displayed high-level negotiation skills, which helped us during complicated matters.

Nenad Stankovic is incomparable.

Key clients

Banjalucka pivara JSC (Bosnia & Herzegovina)

Banjalucka pivara LLC (Serbia)


British American Tobacco

Sitel DOEL

Titantex SRL Unipersonale

Teddy S.p.A.

Edelweiss Balance AG

Beauvallon Europe S.A., SPF

Brif Tres doo Beograd

Brif-TC doo, Beograd


Aelius SARL Luxembourg, affiliate of EMS SA

Apatinska pivara, member of Molson Coors Group

Monster Energy

Scania Leasing

Work highlights

  • Advised the US’ Monster Energy on various matters relating to its Serbian and international operations, including commercial contracts with key service providers.
  • Advised, as local counsel for Serbia, on the implementation of changes involving the management structure for MacGregor Norway AS’ Serbian subsidiary.
  • Advised Swiss company Edelweiss Balance AG on the acquisition of a stake in Serbian company AB Energo, an electricity trading specialist.

Zivkovic & Samardzic Law Office

'With a great team of experts', Zivkovic & Samardzic Law Office's corporate and M&A department 'always finds the best possible solution for clients'. It handles complex business transactions, with Branislav Živković's experience including major M&A, joint ventures, privatisations and commercial contracts. Nebojša Samardžić's practice includes TMT transactions, and Igor Živkovski is a notable commercial, corporate and M&A specialist.

Practice head(s):

Branislav Živković; Nebojša Samardžić; Igor Živkovski

Other key lawyers:

Sava Pavlović


The key elements of the success of Zivkovic & Samardzic Law Office are its transparency, good availability of data and exchange of information, and excellent team management.

A great team of experts of various expertise.

The individuals with whom we co-operate are willing to listen, patient, and always find the best possible solution for clients, regardless of how big or small our problem is.

Every task is delegated to the most appropriate lawyer.

Working with people in this company is very easy; they are professionals with a human approach to clients and do not measure time when you have meetings with them.

This practice has a team of professionals who work quickly and efficiently and anticipate challenges, ensuring extraordinary outcomes.’

The effort that the team puts into the attainment of goals is priceless, and it always keep clients up to date with every step taken.

The team is very knowledgeable, efficient, focused, and practical. It is highly regarded in the market, and has a well-established contact network.

Key clients

Kopernikus Corporation

Nestlé Adriatic

Titan Cementara Kosjerić

Prva Televizija doo Beograd

B92 doo Beograd

Petrol d.d. Ljubljana

FireFly Productions doo Beograd

Kia Motors

Helbiz Serbia

Hive Ventures Services doo Beograd

Work highlights

  • Advised Prva TV on a merger with its affiliated company.
  • Advised B92 on the transformation of a joint stock company into a limited liability company.
  • Advised Sizmek on both a transition services agreement and asset purchase agreement.

Atanaskovic - Bozovic Law Firm

The sectors in which Atanaskovic - Bozovic Law Firm is particularly strong are energy, pharmaceuticals, healthcare and construction. Vuk Božović stands out for major construction, real estate and energy matters, while Uroš Atanasković specialises in complex corporate and M&A projects throughout the region.

Practice head(s):

Uroš Atanasković

Other key lawyers:

Vuk Božović

Key clients

Eurotay d.o.o.

Beo Prostori d.o.o.

Tim 99

Fruit Invest a.d. Belgrade

British International d.o.o.

Plast and Metal Balkanas d.o.o. Paraćin

Meytes Tesisat ve Insaat Sanayi Ticaret Limited

GP Nikolić d.o.o.

French Chamber of Commerce and Industry in Serbia

Ninox doo Beograd

Work highlights

  • Advised on an investment project in Kraljevo (Serbia).
  • Assisted with the acquisition of a special purpose vehicle company that holds the title to construction land.
  • Advised on the acquisition of a wholesale distribution company.

Baklaja Igric Tintor Law Office

Baklaja Igric Tintor Law Office's 'exceptionally organised team' has particular deal expertise in the telecoms, pharmaceuticals, IT, tourism and retail sectors. Djordje Igrić has notable strengths in M&A, corporate matters, privatisation and restructuring, while Boris Baklaja's clients include oil and gas, construction, pharmaceutical and distribution companies.

Practice head(s):

Djordje Igrić

Other key lawyers:

Boris Baklaja


The team at Baklaja Igric Tintor Law Office is exceptionally organised and thorough.

Their strengths lie in their extensive in-depth knowledge and understanding of the Serbian market and business environment.

When dealing with highly complex tasks in the area of commercial and corporate law, the team was very good at explaining the appropriate legal solutions while fully understanding our goals.

Their strength is their knowledge and approach; they are very precise, and although all the associates have special fields of expertise they function as a team. Compared to other law firms we have worked with, they stand out by setting real timelines and providing on-demand support.

At every turn, they were able to deliver high-quality legal advice.

The team is perfect for multi-disciplinary problems.

They have broad knowledge when it comes to mediating between the investor and the start-up that is being invested in, and when it comes to making sure that both sides are satisfied.

Djordje Igrić is one of the most outstanding and resourceful lawyers we have ever engaged. He is solutions oriented and devoted to providing the best strategic advice. We were able to develop a strong relationship of trust, relaying on his unparalleled experience and understanding of the Serbian legal environment.

Key clients

Dr. Max

Advans Group


Cranfiled Foundry ltd.

Fush Llc.

Mobi Gas ltd.


Elsys Design





Work highlights

  • Advised Dr. Max Group on its acquisitions of pharmacy chains in Serbia.
  • Advises Advans Group, a private investment fund, on both acquisitions and joint venture IT start-up projects in Serbia and regionally.
  • Regularly advises Deloitte Serbia on regulatory, corporate and M&A matters.

Mihaj, Ilic & Milanovic Law Firm

Well known for its litigation strength, Mihaj, Ilic & Milanovic Law Firm also fields corporate, commercial, finance, labour, real estate and taxation experts. Tanja Unguran  is the corporate, commercial and M&A (as well as tax)  partner in charge. Marko Milanovic is also a commercial and corporate law specialist.

Practice head(s):

Marko Milanovic; Tanja Unguran

Other key lawyers:

Nemanja Ilic

Key clients


Doka Serb

Galeb Group

Zimpa Ub

Oil Processing Company Europe

Alcon Pharmaceuticals

Global Seed

Duo Bacco

Work highlights

  • Provides full corporate and commercial support to a multinational pharmaceutical company.
  • Advised a construction and development company in Serbia on the legal consequences of the COVID-19 pandemic.
  • Provided corporate law support to the entire Galeb Group Holding.

MVJ marković vukotić jovković

MVJ marković vukotić jovković's 'very thorough and well-organised practice' stands out for its expertise in the sale and purchase of distressed assets and businesses. Marko Jovković has advised on some of the most complex and significant M&A and restructuring transactions in Serbia.

Practice head(s):

Marko Jovković

Other key lawyers:

Jelena Otašević


The lawyers are highly business minded and able to give short, concrete and fast replies. When asked for deep analyses, they also get back with great answers.

They have notable niche expertise in both M&A and real estate.

The team has excellent knowledge of our company’s structures and our requirements.

A very thorough and well-organised practice.

They are available, and the detail-oriented team consists of experts in different law fields.

Their combination of skills and expertise is genius.

Marko Jovković has exceptional knowledge of M&A and corporate matters, as well as our company’s needs. He is highly skilled and always available for us, and probably the best commercial lawyer in Serbia – he is also surrounded by excellent associates.

Marko Jovković stands out. He proved to be one of the best lawyers in the market. His advice is concise and direct, and he always adds value either by ensuring the protection of clients’ interests or by saving us money.

Key clients


Big Shopping Centers Israel

BIG CEE Srbija

Viber Media S.a.r.l.

Shandong Hi-Speed Group

Victoria Group

Eurasian Real Estate B.V.

Development Bank of North Macedonia JSC Skopje

De Heus



Kentaur A/S



Italia Living s.r.l.

Energetix doo

NCH Capital

Veterinarski zavod Subotica


Work highlights

  • Advised Victoria Group on the sale of Victoria Oli to Oaktree Capital Management and Transoil.
  • Advised the Siemens group on a gas and power business carve-out into the group’s newly established local subsidiary.
  • Advised Sojaprotein on a distribution agreement with Barentz.

Ninkovic Law Office

Ninkovic Law Office fields pharmaceutical and aviation sector specialists; the firm also regularly works alongside international law firms Baker McKenzie, Eversheds Sutherland (International) LLP and HFWDjurdje Ninkovic has longstanding experience in advising both domestic and international clients, while Ivan Krsikapa's broad practice includes high-profile commercial transactions.

Practice head(s):

Djurdje Ninkovic; Ivan Krsikapa

Key clients



CIT Corporation


Collins Aerospace




Eaton Electric


Work highlights

  • Assisted both the seller and buyer – ECAF and BBAM  with a deed of novation and completion of its registration with the Serbian aviation authorities.
  • Provided regular updates to Eaton on the COVID-19 impact on business operations.
  • Assisted Collins Aerospace with the establishment of a branch office in Serbia.

Subotic & Jevtic - Attorneys at Law

Subotic & Jevtic - Attorneys at Law's expertise spans M&A deals, privatisations, reorganisations, corporate governance and regulatory compliance. Julijana Jevtić has over 20 years' experience in advising multinational clients, governments and financial institutions, while Milica Subotić's broad practice includes corporate and M&A work.

Practice head(s):

Julijana Jevtić

Other key lawyers:

Milica Subotić


This is a small team of experienced and dedicated corporate lawyers that is capable of dealing with complex corporate and regulatory matters in an efficient manner.

The advice it provides is practical and straight to the point.

The core team members are experienced, pragmatic and solutions oriented, and clients always get a partner’s attention.

This is a team of experienced and highly specialised lawyers, who also have broad knowledge and understanding of finance-related matters, and are capable of giving extensive and superb support to clients by considering the wider picture.

They provide top-level legal services. With their background, as partners in a big law firm, they combine exquisite knowledge and experience with close relations with clients.

They have quickly managed to establish a small but excellent team, and really to stand out on the market.

Julijana Jevtić is well known by the legal market. She stands out with her analytical mind and ability to see the whole picture. You can rely on her to handle your matter as her own and be confident that you are in knowledgeable and safe hands. She also possesses persistence and stamina, and will argue your position with all her strength, backed up by her knowledge and experience.

A standout individual is Milica Subotić, who always manages to go the extra mile to provide the best support to clients. She has extraordinary analytical capabilities, high-level expertise, extensive knowledge of different law domains and proceedings, and great business logic.

Key clients

Lukoil a.d. Belgrade

Agri Business Partner d.o.o. Sombor

JKP Gradsko Saobracajno Preduzece Belgrade

Mtel a.d. Banja Luka, Bosnia and Hercegovina

Antagon Limited

Banadale Limited

Meractor-S do

Work highlights

  • Advised Antagon Limited and Banadale Limited on the sale of a shareholding in a Serbian company.
  • Assisted Agri Business Partner d.o.o. Sombor, Serbia with an internal restructuring.
  • Advised Mtel a.d. Banja Luka, Bosina and Herzegovina on issues involving the conversion of receivables into share capital.

Vukovic & Partners

Acting for both Serbian and multinational clients, Vukovic & Partners has substantial experience in major commercial, corporate and M&A matters. In addition to leading on M&A deals, Dejan Vuković's experience includes privatisation and corporate restructuring matters. Senior attorney at law Dejan Plamenac is 'methodical, accurate and hardworking'.

Practice head(s):

Dejan Vuković; Dejan Plamenac

Other key lawyers:

Nikola Hanžek


Extremely fast and professional team that delivers concise responses to all enquiries.

Clients are left feeling extremely satisfied.

We have not experienced a similar quality of service from other firms.

The direct and pragmatic approach, along with the collaboration of young and proactive people, was really refreshing and a very positive experience for us.

Great for clear advice,  pragmatic solutions, and always going the extra mile to provide a really outstanding service.

The team’s strengths and key capabilities are its high levels of expertise and professionalism, as well as its availability at any given moment and its commercial and pragmatic approach.

Dejan Vuković is very experienced, pragmatic, and always focused on how to solve real problems. These qualities are very much appreciated by us!

Dejan Plamenac is methodical, accurate, hardworking, and able to advise quickly on all aspects of corporate matters.

Key clients

DP World JSC Novi Sad

United States Agency for International Development (USAID)

WorleyParsons Energy Services LLC

P&O Ports FZE

Gramercy ltd Belgrade

Kostag ltd

Energy Supply & Trade Ltd

Minimet Commodities Ltd

Nordic Ocean Hotels AS

Integral Group International

Group of 38 shareholders of company Geosonda Konsolidacija JSC

Eurobau Connect AG ltd Belgrade

Glob Metropoliten ltd Belgrade

Fides Imobilia Managment

Project Consultum SRB ltd

Two dots doo

Jugo-Kaolin Ltd Beograd

Goldair Handling ltd Belgrade

Work highlights

  • Advised P&O Ports FZE on a business venture and investment in the Port of Novi Sad.
  • Advises DP World JSC Novi Sad on company law matters.
  • Advised Two Dots doo Belgrade on the acquisition of non-performing loan portfolios.

Zavisin Semiz Law Office

Zavisin Semiz Law Office is home to specialists in M&A and private equity transactions; it also assists with significant company law and corporate restructurings. Corporate and M&A head Nataša Zavišin is experienced in inbound and outbound M&A, joint ventures, investments and general corporate matters.

Practice head(s):

Nataša Zavišin