Firms To Watch: Commercial, corporate and M&A

Led by Stefan Antonić, Law office Antonić in cooperation with Deloitte covers a broad spectrum of corporate services, ranging from general day-to-day matters to support with M&A deals, joint ventures, privatisations and corporate restructuring.
Regularly involved in acquisitions, restructurings and privatisations, Marjanovic Law‘s corporate and M&A department is headed by name partner Mladjan Marjanovic, who focuses on the retail, wholesale, technology, telecoms, and food and beverage sectors.
Radovanovic Stojanovic & Partners AOD‘s corporate and M&A practice head Saša Stojanović joined from BDK Advokati AOD in February 2021 and regularly advises on large-scale domestic and cross-border M&A transactions, joint ventures and restructurings.

Firms in the Spotlight Commercial, corporate and M&A

Radoicic & Associates Joint Law Office

Radoicic & Associates Joint Law Office logo

Radoičić & Associates Joint Law Office has been operating for many years with its headquarters in Belgrade. In the course of our business, we have achieved successful business cooperation with numerous companies. We successfully provide legal services in all fields of law. Our Law Office is particularly specialized in the fields of Projects and energy; …

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Commercial, corporate and M&A in Serbia

BDK Advokati AOD

BDK Advokati AOD‘s full-service corporate group is consistently sought out by clients establishing a presence in Serbia, while the M&A team routinely assists with transactions, along with advisory and contentious work. The practice also advises on corporate governance, corporate finance, capital increases, debt-to-equity swaps, capital reductions and liquidations. M&A practice head Vladimir Dašić has longstanding experience in prominent regional deals; Tijana Kojović is a transactional expert; and Tomislav Popović is a key counsel. Associate Jelena Zelenbaba‘s experience includes acquisition deals involving both listed and private companies as targets.

Other key lawyers:

Jelena Zelenbaba


The team is very responsive and dedicated to its projects.

Individuals who are knowledgeable, bright and solutions oriented.

Exceptional approach, with forward-thinking and practical solutions for commercial matters and M&A deals.

Recognised market leaders.

I love the team’s practical and efficient approach to managing projects, and they are quick and proactive in proposing solutions – I think that these are their key strengths and what every client looks for.

Vladimir Dašić has great experience in M&A transactions, and is excellent at leading and supporting his team.

Vladimir Dašić is an exceptional dealmaker, and a solutions-oriented and forward-thinking lawyer with in-depth knowledge of both the market and people.

Jelena Zelenbaba is a wonderful and dedicated team member, who is excellent at co-ordinating complex multi-jurisdictional projects.

Key clients


British American Tobacco



Nestor Advisors



DUAL Deutschland

BIC Slovakia


Nomad foods


Embracer Group

Frontier Pharma

Affidea Diagnostic

Ellis Enterprises East

China Road and Bridge Corporation

Work highlights

  • Assisted Refisa with various corporate governance matters.
  • Advised Nomad Foods on the acquisition of Fortenova Group’s Frozen Food Business Group.
  • Advised ADM, an American multinational food processing and commodities trading corporation, on the acquisition of Sojaprotein, a soybean processing company.

JPM Jankovic Popovic Mitic

JPM Jankovic Popovic Mitic’s corporate team comprises sector experts in energy, telecoms, financial services, infrastructure and mining. The team is particularly experienced in multi-jurisdictional matters, including acting for US, Canada and Asia-based clients; it is also a go-to practice for associated regulatory, tax and competition law issues. Heading up the corporate department, senior partner Nenad Popović specialises in major strategic transactions and mining and energy leader Jelena Gazivoda handles market-leading projects. Jelena Stankovic Lukic is also a key partner, while Anja Šakan and Bojana Javorić are experienced senior associates.


JPM’s lawyers are dedicated to their work and provide exceptional legal services.

They are solutions oriented, open-minded and extremely good in terms of responsiveness.

The lawyers provide high-quality advice.

The JPM team is outstanding in every aspect of its performance.

Nenad Popović is a veteran lawyer corporate lawyer and standout figure in the Serbian legal market.

Jelena Gazivoda is a great lawyer with an excellent understanding of the commercial angles of deals, and superior regulatory and M&A knowledge.

Jelena Gazivoda has a proven track record of acting as a lead partner on major transactions in the energy sector, and she is extremely responsive and professional.

Jelena Stanković Lukić is exceptionally meticulous, pragmatic and client oriented.

Key clients

MTU Aero Engines


Rolls Royce & Partners Finance

Panasonic Corporation

Karlovarské minerální vody

Adventura Holding


Cerved Credit Management Group

China Shandong International Economic & Technical Cooperation Group

JP Srbijagas

Transportgas Srbija

Victoria Group

Balkan Mining and Minerals

Work highlights

  • Advised BASF on the establishment of a subsidiary, Master Builders Solutions doo Beograd, as part of a global transaction with Lone Star.
  • Advised Deceuninck on the sale of a Serbian subsidiary and the establishment of an exclusive distribution and trade mark licensing collaboration with the purchasing Serbian company.
  • Advised PT Indofood CBP Sukses Makmur Tbk’s two subsidiaries on due diligence and other issues in relation to the indirect acquisition of Pinehill Co, which involved eight separate jurisdictions.

Karanovic & Partners

Karanovic & Partners‘ large corporate and commercial team is routinely involved in Serbia’s headline transactions and the firm regularly leverages the expertise of lawyers across multiple jurisdictions, including Croatia, Slovenia, Montenegro, North Macedonia, and Bosnia and Herzegovina. Dragan Karanović leads the group, which also includes renewables and mining law specialist Miloš Vučković and Marjan Poljak, who routinely advises on major M&A deals. Other highly regarded partners are Miloš Jakovljević, Ivan Nonković and Goran Radosevic, while Sava Drača, Igor Radovanović and Marko Ćulafić are experienced senior associates.


A well-staffed firm with experienced experts in every field.

I am extremely satisfied with the services they have provided so far, as their lawyers showed a flawless understanding of the M&A market and provided practical solutions for corporate issues.

Their in-depth knowledge of specific industries is one of their strongest assets.

Marjan Poljak has exceptional availability.

Ivan Nonković is one of the market’s leading M&A lawyers – he has exquisite knowledge of the banking industry, and is able to provide exceptional and creative solutions for the most complex issues, which for us is extremely important.

Key clients


Take Two

Mars Serbia

Carlyle Group

Mid Europa Partners

Digital Serbia Initiative

Inditex Group





DPE Deutsche Private Equity

Work highlights

  • Advised Take Two on the acquisition of Nordeus, a Belgrade-based mobile games company.
  • Advised Jasmina Knežević and Milan Knežević, the founders of Bel Medic, on their agreement to sell a 70% share in Bel Medic and partner up with Acibadem Healthcare Group.
  • In cooperation with other law firms, advised Pfizer on the separation of its Upjohn businesses in Serbia, Croatia, Slovenia, Montenegro, North Macedonia, and Bosnia and Herzegovina.

Schoenherr North Macedonia

In addition to its strong track record in headline banking M&A, Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s corporate and commercial practice routinely advises on healthcare, pharmaceuticals and energy-related deals, along with major infrastructure projects in Serbia and regionally. Co-heading the team are M&A specialist Matija Vojnović, who advises strategic investors and private equity firms, and  Luka Lopičić, a retail, consumer goods, pharma, telecoms and automotive sector expert. The practice also includes name partner Slaven Moravčević, corporate and M&A specialist Vojimir Kurtić, and key attorney at law Bojan Rajić.

Practice head(s):

Matija VojnovićLuka Lopičić


This commercial, corporate and M&A practice is top notch.

They are very experienced and have really broad expertise that extends beyond the issue at hand.

They not only excel at the task, but anticipate potential issues that could come down the road much better than the vast majority of legal advisers I have worked with.

‘The firm combines a strong brand name and international network and standards with a local touch and commitment to clients.

Matija Vojnović combines outstanding legal expertise with really good business and commercial sense and instincts, which are quite rare in the legal profession.

Luka Lopičić and Matija Vojnović are our typical port of call, and we are very happy with their quality of service, and level of professionalism and commitment.

Both Matija Vojnović and Vojimir Kurtić are excellent communicators and a pleasure to work with.

Vojimir Kurtić manages complex engagements exceptionally well and accomplishes tasks in a manner that is professional, collegial, and highly productive at the same time.

Key clients



Carlyle Group

Nidec Corporation

Elektroprivreda Srbije

Syneos Health

BM Consulting

Masdar Taaleri Generation



Shoppster DOO Beograd

TN Invest Anstalt

Opportunity Transformation Investments

Hleb & Kifle

Work highlights

  • Assisting Rio Tinto with an investment in Serbia, including potential corporate structuring and regulatory issues.
  • Advising Nidec Corporation on its greenfield investments in manufacturing facilities in Novi Sad.
  • Advised Elektroprivreda Srbije on its acquisition of 51% of the share capital of HES Gornja Drina, a concession project company established for the construction and operation of a hydropower plant system.

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

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz‘s practice covers M&A, private equity, outsourcing, restructuring and privatisations, and clients also benefit from the firm’s sector expertise in banking, energy, infrastructure, insurance and life sciences, among other areas. Heading the corporate and M&A group, Radivoje Petrikić has over 25 years’ experience in major transactions and development projects throughout the CEE region; Maja Stepanović has longstanding expertise in corporate, M&A and commercial work in Serbia; and Marija Tešić advises international companies on the commencement and restructuring of business operations in the country.

Practice head(s):

Radivoje Petrikić

Other key lawyers:

Maja StepanovićMarija Tešić


We had a very good experience working with this firm.

Marija Tešić is a very experienced practitioner for M&A transactions.

Key clients

Poseidon Group

Mitiska REIM

Celsius Network


Sportina Group

COFCO International

Ahold Delhaize

LEAR Corporation

Johnson & Johnson

A1 Serbia


EchoStar Corporation




Work highlights

  • Advised Britain’s Poseidon Group and Belgium’s Mitiska REIM on the sale of four retail parks in Serbia to Immofinanz.
  • Advised Celsius Network, a cryptocurrency rewards-earning platform, on the acquisition of MVP Workshop, a Serbian-based blockchain product research and development business.
  • Assisted Mainstream, a regional cloud enterprise provider, with the sale of shareholdings in two companies.

Bojovic Draškovic Popovic & Partners

Assisting buyers and sellers with both the commencement and closing of deals, Bojovic Draškovic Popovic & Partners handles complex, cross-border M&A, as well as local transactions. The team also has aviation industry expertise. Heading up the corporate and commercial and M&A practices, Vuk Drašković has longstanding experience of advising on the region’s largest M&A transactions. Uroš Popović is qualified to practise in both Serbia and the US and Marija Bojović is a corporate and commercial law expert. The senior associates to note are Mario KijanovićMilica Pešterić and Miloš Andrejević.

Practice head(s):

Vuk Drašković


This is an exceptional law firm that covers all areas of law.

The levels of expertise are high, client service and collaboration are exceptional, fees are very reasonable, and the response times are more than satisfying.

The firm proactively advises our company on major issues and new laws and regulations, and they always understand the company’s business and priorities.

A reliable, highly professional and flexible law firm.

Always gets the job done in the best possible way.

They proved to be very skilled and organised.

Marija Bojović and Uroš Popović are highly skilled and highly qualified – very responsive, strategic thinkers and trusted advisers, who are efficient, manage their teams very well, and have in-depth knowledge of our business and needs.

Vuk Drašković and Uroš Popović are appreciated for their professionalism, flexibility and responsiveness.

Key clients

The Walt Disney Company


Dun & Bradstreet

Turkiye Maarif School



AC Nielsen

AerCap Ireland

Cymbria Corporation


Work highlights

  • Advised Dun & Bradstreet (through an international law firm) on regulatory compliance in SEE countries in relation to its acquisition of data and analytics company Bisnode.
  • Advised AerCap House (a commercial aircraft owner and trader) on the lease of an Airbus 330-200 aircraft to Air Serbia.
  • Assisted Philips with a local business transfer matter.

BOPA Bojanovic & Partners

BOPA Bojanovic & Partners has spearheaded a network of SEE law firms, Adriala, which serves as a one-stop shop for clients doing business in the region. The corporate and commercial team fields specialists in energy, infrastructure, pharmaceuticals, healthcare and TMT, among other areas. Heading the sizeable department, Vladimir Bojanović works with international firms, including Magic and Silver Circle firms, investment banks and private equity funds on cross-border deals.

Practice head(s):

Vladimir Bojanović


They deliver output at the level of major international law firms.

The first choice of all major investment and PE funds.

A key name for M&A transactions, they handle some of the market’s most sophisticated work.

Vladimir Bojanović is the best you can get for M&A work – a business-oriented lawyer with a practical approach to solving complex matters.

Vladimir Bojanović has built a reputation as the best M&A lawyer in the market. He is indeed the best of the best – I have never seen a better negotiator.

Vladimir Bojanović is the perfect problem solver.

Key clients

Polhem Infra Kommanditbolag

BMI Group Holdings UK

Asian Sourcing Link


Barry Wehmiler


GTT Communications



General Electrics

Wizz Air

Temas Resources Corp


Work highlights

  • Advised Polhem Infra Kommanditbolag on its acquisition of the Telia Carrier business from Telia Company.
  • Advised Gazprom on both corporate restructuring matters and entering the markets of five countries through the creation of a gas network worth €1.5bn.
  • Advised on the acquisition of Enartia’s entire share capital.

Gecic Law

One of the fastest-growing firms in the Western Balkans, Gecic Law has a broad roster of national and cross-border clients, including medium-sized companies, governments and international conglomerates. Recently promoted from senior counsel to partner, group head Ognjen Colić has over 15 years’ experience in both local and international corporate and M&A transactions, energy, infrastructure and PPP work, and regulatory compliance; competition law expert Bogdan Gecić also acts on major corporate deals. At senior associate level, Danica Misojčić is a corporate governance specialist.

Practice head(s):

Ognjen Colić; Bogdan Gecić

Other key lawyers:

Danica Misojčić


Provides services at the highest level with a very client-oriented approach.

They are very responsive, and provide precise legal advice that gets to the heart of the matter.

Strong support for corporate issues, providing whatever assistance is needed.

Very fast and responsive in relation to all new challenges in the market – and they always take into consideration that we are a regional company that does business in other countries, not just Serbia.

They understand business and what companies need to become and remain successful. Of course, they are also highly educated, often pointing out legal problems before they happen, thus helping us avoid them.

Ognjen Colić is a very responsible, serious professional, who devotes himself to his work and is always ready to answer any question. But what really stands out is that he cares about our business and that we are successful – this is an exceptional service, not just a good one.

Ognjen Colić is very dedicated and understands the business process very well – and in addition to being well educated, he has fantastic experience.

Bogdan Gecić has been extremely helpful. He is an outstanding professional and a great lawyer, who always provides a unique strategic perspective on solving practical legal issues.

Key clients

Allied Universal Topco

UGT Renewables


Dalton Technologies

Petrol d d Slovenia



Natural Sciences State Park

FractureCode Corporation

Work highlights

  • Advised NBT AS on the acquisition of a large portfolio of wind projects in Serbia (in partnership with WV International).
  • Advised regional petroleum derivatives distributor Petrol d d Slovenia on a complex matter concerning its acquisition of shares in a Serbian company, which involved negotiations with the seller on alleged outstanding obligations from the deal.
  • Advised UGT Renewables on an ultra-large-scale solar plant development project in Serbia.

Harrisons Solicitors

Harrisons Solicitors‘ corporate and commercial practice has an enviable track record of advising on major acquisitions and sales in the country. Areas of notable recent growth range from advising IT sector start-up companies to handling major investments by Abu Dhabi-based investors into Serbia. The firm also has niche expertise in the agriculture industry. Consultant Goran Martinovic has longstanding experience in real estate, energy, and corporate and commercial law work, along with advising on M&A and private equity transactions. Alongside her employment law practice, senior associate Jelena Asanin is active in corporate law matters.

Practice head(s):

Goran Martinovic

Other key lawyers:

Jelena Asanin


The team is committed to resolving issues quickly.

Excellent attitude and great collaboration.

Professional, on time and responsive, and with practical and theoretical knowledge.

Eager to go the extra mile in order to find the best possible solution and investigate all options.

My experience with Harrisons’ team is that they are knowledgeable, co-operative, and eager to find the best possible solution.

As well as being open to dialogue, they understand the business environment and are capable of seeing the big picture.

Jelena Asanin is knowledgeable, easy to talk to, innovative and has a positive attitude – she achieves positive results.

Key clients

Fortenova Grupa

Al Dahra


Summa Labs (Voiceworks)

Arcadis Gen

Integral Group (DAR)



FCA Serbia

Mondi Packaging




Al Rawafed

British Council

British Embassy


Harsco Metals


Seven Bridges Genomics





SR Technics

Visa International



Work highlights

  • Advising Integral Group on the reorganisation of its Serbian operations.
  • Advising Fortenova Grupa on various issues.
  • Advising Al Dahra on its daily operations in Serbia.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners is consistently sought out by major corporate clients for its experience in large-scale projects. The practice also advises multinational companies on restructuring matters, and has a strong track record in both automotive and IT industry-related issues. Focused on corporate, M&A and greenfield investment projects, Milan Joksovic specialises in international commercial and company law, while Petar Stojanović routinely advises on significant projects in both Serbia and Montenegro. Also key to the practice are experienced partners Srdjan Tolpa and Goran Vučić, while Tijana Milisic is the associate to note.


Very friendly, discreet and professional people.

‘They are well organised and have a very efficient work style.

The team’s local knowledge and understanding of the market are immense.

They are truly consummate professionals and true business partners for in-house lawyers doing business in the country.

This team is highly responsive and their responses are concise and to the point – we can rely on this team’s knowledge and experience.

What makes this practice so unique is that I, as a client, am 100% confident that the required task will be completed on time.

Milan Joksovic and Srdjan Tolpa are standout partners.

Petar Stojanovic and Goran Vucic are highly competent and attentive corporate and commercial lawyers, and their rates are more than fair for the service they provide. They have supported me through many complex and unusual matters in Serbia, all leading to successful conclusions for my company.

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

Kepler Interactive

Hermes Pharma

Work highlights

  • Advised Kepler Interactive on the Serbian aspects of the acquisition of Ebb Software.
  • Advised Siemens on the carve out of Siemens’ Flender division in Serbia.
  • Advised Merck on the Serbian part of its global reorganisation.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Fielding one of the largest corporate and M&A teams in the CEE/SEE region, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss‘ recent experience includes an increase in M&A deals involving IP and IT, as well as healthcare matters. The team is also active in mandates involving greenfield investments, while bank-related restructurings and acquisitions remain significant areas of strength. Co-heading the team are Miroslav Stojanović, who consistently handles major transactions, and Nataša Lalović-Marić, a specialist in advising international clients on various investments in Serbia. Andjelka Todorović is the counsel to note.


A service-minded team with great legal skills.

They are well aware of which issues concern international clients, so they superbly describe the local legal environment in light of such issues.

Highly professional, responsive, business minded, and a pleasure to work with.

The excellent and knowledgeable team distinguishes itself from many other law firms with which we cooperate due to its very professional approach to clients, excellent organisational skills, and experience in providing a wide range of legal services.

20 years of work on top M&A deals makes them a key player in the market.

The partners that stand out are Nataša Lalović-Marić and Miroslav Stojanović.

Nataša Lalović-Marić has a great overview of transactions and the key commercial drivers – she is always available and provides an excellent service.

Aleksandar Ristić is very meticulous.

Key clients



Toyo Tire Corporation

Mizuho Bank

Europrojekt Duo

MRI Trading


Yazaki Europe

Suez Groupe

I-Environment Investments

Beo Čista Energija


Naftna industrija Srbije


Lexmark International Technology

Work highlights

  • Successfully assisted Glovoapp23 with the multi-jurisdictional €170m acquisition of the operations of Delivery Hero in Romania, Croatia, Serbia, Bulgaria, Montenegro, and Bosnia and Herzegovina.
  • Advised Swiss-based ICT group ALSO on the acquisition of a Serbian IT provider with operations in Serbia, Montenegro and Bosnia Herzegovina.
  • Advising Japan-based Toyo Tire Corporation on its greenfield investment into Serbia, comprising the construction and operation of a factory for the production of tyres in the Republic of Serbia.

Prica & Partners

Independent commercial law firm Prica & Partners fields a full-service practice across all areas of business law. The team consistently advises Serbian and international companies on corporate and commercial transactions, M&A, incorporations and contract drafting, along with corporate governance, shareholder issues and restructurings. Co-leading the group are Danica Gligorijević, a specialist in M&A, corporate law, energy, infrastructure and tax matters, and Ana Čalić Turudija, who has longstanding experience of advising on significant M&A transactions. Also integral to the practice is managing partner and corporate, M&A and commercial law expert Mihajlo Prica.


I am always impressed by their professionalism, solutions-focused attitude and interpersonal skills.

I regard all of them as great colleagues.

The services of this law firm are very professional.

The team is very professional and proactive.

Great client handling, reaction times and quality of documents.

Very competitive in the international environment.

Key clients

Innova Capital

The Rohatyn Group




Wizz Air Hungary

Bain Capital


Procter & Gamble

dm drogerie markt


American Councils

The Government of the Republic of Serbia



Alpiq Energy

H&M Hennes & Mauritz


Abbott Laboratories













Work highlights

  • Alongside another Serbian law firm and in cooperation with Lazard as financial adviser, advised the Government of the Republic of Serbia on the sale of a majority shareholding in Komercijalna banka to Nova Ljubljanska Banka.
  • Advised Turkish healthcare group Acibadem on the Serbian aspects of a cross-border project, through which it acquired a 70% stake in Serbian private healthcare company Bel Medic.
  • Assisted (in cooperation with an international law firm) Rohatyn Group (a privately owned hedge fund sponsor) with the sale of Pet Network International.

SOG Law Firm

SOG Law Firm advises on a wide range of corporate law areas throughout Southeast Europe, and is able to leverage its membership of Lexcellence, an alliance of independent business law firms operating in the SEE region. Milan Samardzic assists international and local clients with large-scale M&A transactions and joint ventures, and his recent workload includes sizeable investment projects in both Serbia and the wider region. Experienced senior associate Milan Novakov‘s primary areas of expertise cover corporate and M&A, banking and finance, and competition law matters.

Practice head(s):

Milan Samardžić


‘The firm has a unique team of experienced legal advisers, who have expertise in all relevant corporate business areas.

They are very efficient, and understand the business and macroeconomic situation as well as their clients’ needs.

A team of experienced, well-prepared and reliable legal professionals.

‘It is a smaller sized practice, but this means the lawyers are more client focused and willing to spend the time to find optimal legal solutions.

The firm is led by very experienced partners who instil confidence that the work will be done to a high level. The very good communication and the fee flexibility also deserve a mention.

Milan Samardžić is a great communicator whose commercial perspective is as valuable as his legal knowledge.

Miloš Velimirović is dedicated, understands clients’ needs, and resolves corporate issues in an efficient way.

Milan Novakov is great to work with and very competent.

Key clients



Delta Holding


Solidarity Center


ALFI Funds Slovenia


Etihad Aviation Group


Air France KLM


DB Schenker

FCC Group

Abbott Laboratories

Vice Media

Outsource Insurance Professionals

Dubai National Air Transport Association

Meinl Bank

Softline Eastern Europe & Central Asia

TransPerfect Translations

NBGP Properties


Roaming Electronics



Work highlights

  • Advised Singapore-based Namara Wealth Advisors on the purchase of Universal Capital Bank in Montenegro.
  • Advised H-Planet on the acquisition of part of the company that is developing the Krivača wind farm.
  • Advised KF-Finance, a regional advisory and investment group, on the acquisition of Serbia’s Frezal, which specialises in mould design and manufacturing.

Doklestic Repic & Gajin

The corporate and M&A team at full-service commercial law firm Doklestic Repic & Gajin is regularly engaged by international law firms, corporations, investment funds and banks as lead regional counsel for multi-jurisdictional projects in the Adriatic region. Slobodan Doklestic, whose practice covers corporate law, M&A, private equity, restructuring and corporate status changes, heads the department; Milos Pandzicprovides concise, clear and logical advice‘; and Aleksandra Stojanovic is an experienced managing associate.

Practice head(s):

Slobodan Doklestic


You could not wish for better lawyers – the entire team at DRG is simply fantastic.

For clients, for whom effectiveness is very important, this firm is a perfect choice.

They take into consideration (and totally understand) the needs of clients.

Professional, reliable and quick.

The commercial, corporate and M&A practice has a unique approach to problem solving, enviable use of technology, and flexible billing options.

Slobodan Doklestic and Milos Pandzic provide exceptional service and a broad range of solutions.

Milos Pandzic provides concise, clear and logical advice. He gets to the point, is flexible and client focused, and reacts very quickly.

Aleksandra Stojanovic has a very entrepreneurial approach and mindset, as well as deep corporate law knowledge, which is of great importance for us.

Key clients

Philip Morris

Beijing New Building Materials








Ingenico Group

Radisson Collection Hotel Belgrade

UnifiedPost Group

SN Apollo

China Huadian Hong Kong Company



VisionFund International

Posh & Media

AIK Bank

Balkan Gold

DTD Group

G4S Secure Solutions

Work highlights

  • Advised a private equity fund (through an international law firm) on the acquisition of a Serbian subsidiary of a regional IT company.
  • Advised Beijing New Building Materials on its $60m investment in a joint venture involving a mine and thermal power plant.
  • Advising PRONATAL Group on establishing and licensing a special hospital for the provision of IVF medical services.

MMD Advokati

MMD Advokati‘s corporate, commercial and M&A practice is co-led by managing partner Ana Marić, who has over 15 years' experience of advising on M&A and transactional matters, both in Serbia and the wider Balkans region; Rastko Mališić, who has notable sector expertise in IT, pharmaceuticals, banking and insurance; and M&A and corporate and commercial law specialist Oliver Radosavljević, who is particularly active in FMCG and energy-related work.

Other key lawyers:

Uros Zigic; Miodrag Klancnik


A very practically oriented law office that is of great value for us.

Their legal opinions and feedback are always on time, to the point and business oriented.

‘They have a proactive approach that is very much appreciated – for example, when new regulations come into force, they approach us with anticipated solutions.

Oliver Radosavljevic and Miodrag Klancnik have great experience and expertise in commercial and corporate matters. Feedback received from them is always clear and up to date, with legal opinions that are well structured and contain alternative solutions for every enquiry (whenever possible).

Key clients

RTE international

Crédit Agricole






Accor Hotels Group

Robert Bosch


French Embassy In Belgrade

Havas Group

Acolin Infotech

Mg Precast

Fela Planungs


Letač Construction

Aleamani Trade


Blitz Group

Safic Alcan

Mitsides Point

Purchase Control



Work highlights

  • Advised Crédit Agricole on the sale of its Serbian subsidiaries Crédit Agricole Srbija and CA Leasing to Raiffeisen Group.
  • Advised Agence Française de Développement on a €51m credit deal with the Republic of Serbia for a public railway sector modernisation project.
  • Advised ICARGO on the sale of equity in its fruit manufacturing subsidiary.

MVJ marković vukotić jovković

MVJ marković vukotić jovković‘s team is well known for its advice to clients in the retail, agriculture and construction materials industries. The practice has also developed a niche in assisting high-net-worth individuals with corporate, finance and tax structures. Marko Jovković‘s expertise covers M&A, restructuring and cross-border finance transactions, and Dušan Đorđević‘s experience includes structuring complex reorganisations and projects in Serbia, Montenegro, and Bosnia and Herzegovina.

Practice head(s):

Marko Jovković


MVJ is able to adapt quickly and multitask at critical moments.

They give their maximum efforts so as to complete their mandate.

Their specific market knowledge makes them unique.

They always offer a viable solution.

MVJ provides an important supporting function to our business operations, with a good understanding of our business needs.

The flexible and fast approach to problem solving makes MVJ our first pick for all M&A transactions, which enables us to execute all the operational and strategic requirements efficiently.

Marko Jovkovic and Bojana Račanović are exceptional lawyers, and their approach is always reasonable. They always explain to us what we want to know in a clear and concise manner, and they understand our industry and predict the  legal and commercial pitfalls.

Dušan Djordjević’s thoughtful and in-depth legal skills are combined with solid industry knowledge.

Key clients



Big Shopping Centers Israel

BIG CEE Srbija

VGP Group

NEPI Rockcastle


H&M Hennes & Mauritz

De Heus Animal Nutrition


Optim Project Management

Mikro Kontrol

Accor Hotels

Mides Healthcare Technology


Erber Biotech


Victoria Group




Work highlights

  • Advised MK Group, Apsara and Milija Babović on the sale of Sojaprotein to ADM.
  • Advising Xella on the acquisition of Rapid AD via a takeover bid.
  • Advised Victoria Group on the sale of VictoriaOil to Oaktree Capital Management and Transoil.

NKO Partners

NKO Partners‘ practice is particularly experienced in advising clients from the real estate, mining, FMCG and retail sectors, and the team is increasingly involved in pharma and IT-related matters. Typical work includes the structuring and negotiating of M&A projects and regulatory issues, as well as commercial transactions with clients’ key suppliers, distributors and service providers. Co-heading the corporate department are Djordje Nikolic and Djuro Otasevic, who are ‘very commercially savvy‘.

Practice head(s):

Djordje NikolicDjuro Otasevic


‘They have in-depth legal knowledge, but at the same time are very commercially aware.

Good value for money, and very quick and responsive.

The team has proven to be committed to us, and helped us craft creative solutions for commercial contracts that are sensitive from multiple perspectives.

We are happy with how they managed to delve into the intricacies of our niche space to help us achieve results with our partners and counterparts.

Solid, and always reliable and on top of things.

Djordje Nikolic and Djuro Otasevic are excellent. Both display an in-depth knowledge of their field, but at the same time are very commercially savvy and appreciate the business aspects of the deals they work on.

‘Djuro Otasevic is an outstanding lawyer, who has assisted us with various matters that have highlighted the breadth of his experience.

Djuro Otasevic stands out as a partner, delivering the same quality (and at the same speed) as partners from top-tier firms at much less cost.

Key clients

General Electric


First Quantum

Dr Max

Konica Minolta



Tendam Group

Metro Cash & Carry



Stankovic & Partners (NSTLAW)

A member of both the Nextlaw Global Referral Network and the Legal Netlink Alliance, Stankovic & Partners (NSTLAW) routinely assists with cross-border corporate and M&A transactions involving corporations and banks. The practice also advises on domestic corporate matters, as well as general commercial work. Heading the practice is name partner and international business law specialist Nenad Stankovic. Senior associate Sara Pendjer‘s practice covers corporate law, M&A, privatisations and energy matters.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Sara Pendjer


A full-service law firm that provides a prompt and user-friendly service.

Extraordinary professionalism and preparation and prompt responses.

Great availability.

Key clients

Banjalucka pivara


British American Tobacco

Sitel DOEL

Titantex SRL Unipersonale


Edelweiss Balance

Beauvallon Europe


Aelius SARL Luxembourg

Apatinska pivara

Monster Energy

Work highlights

  • Advising Apatinska pivara (part of Molson Coors) on a range of corporate and commercial issues.
  • Advised MacGregor Norway (as local counsel) on the implementation of changes in relation to the management structure of its Serbian subsidiary.
  • Advised Swiss company Edelweiss Balance on the acquisition of shares in Serbian company AB Energo, a specialist in electricity trading, from Netherlands-based Edelveys Holding.

Zivkovic & Samardzic Law Office

Zivkovic & Samardzic Law Office‘s corporate and M&A department consistently handles complex business transactions, as well as providing strategic corporate advice to both national and international commercial, financial and industrial enterprises in Serbia. Jointly heading up the group are cross-border transactions expert Branislav Živković, who co-ordinates the firm’s international cooperation within the LGP Legal Solutions Network; TMT deal expert Nebojša Samardžić; and Igor Živkovski, ‘a great lawyer with brilliant ideas‘.

Other key lawyers:

Sava Pavlović


The team is very practical, and understands how to get things done quickly and easily without compromising on risk.

Dedicated, knowledgeable and experienced professionals, who give very direct and useful advice, which is very much appreciated.

We appreciated their deep knowledge of the local market and breadth of experience.

This team has a very strong commercial, corporate and M&A practice that demonstrates in-depth knowledge of Serbian corporate law.

This practice is outstanding, fully engaged and available 24/7.

The whole team is amazing, but especially Igor Živkovski, who is a great lawyer with brilliant ideas.

‘Igor Živkovski was excellent. He guided us towards the simplest, most effective options for the transaction – and did a great job managing the process. Igor brings a lot of local knowledge and transactional experience to the table and draws on that experience to get things done quickly.

Key clients

Kopernikus Corporation

Nestlé Adriatic

Titan Cementara Kosjerić

Prva Televizija



Petrol d d Ljubljana

FireFly Productions

Helbiz Serbia

Credo Ventures

Joberty Technologies

Direktna Banka


Work highlights

  • Advised Direktna Banka on its merger with the Serbian subsidiary of Eurobank.
  • Advised Credo Ventures on the acquisition of Trickest Hive.
  • Advised Joberty Technologies on the accession of a new shareholder and the consequent share capital increase.

Atanaskovic - Bozovic Law Firm

The sectors in which Atanaskovic – Bozovic Law Firm is particularly active are energy, pharmaceuticals, healthcare and construction. Uroš Atanasković is experienced in M&A and corporate issues, while fellow name partner Vuk Božović is a construction, real estate and energy project specialist. Attorney at law Marko Mrvic assists with transactional matters.

Practice head(s):

Uroš Atanasković

Other key lawyers:

Vuk Božović; Marko Mrvic


I have been working with this law firm for over ten years with the full confidence that my business will be taken care of.

They respond quickly and have a thorough knowledge of corporate law, taxation, investments and public funds.

Key clients

Dunavplast Korp


La Canntina

Softech Solutions

BGD Fresh Solutions

Fruit Invest

Huge Media

French Chamber of Commerce and Industry in Serbia

Integrated MicroElectronics




BIT Law Office

In addition to providing M&A support, Baklaja Igric Tintor Law Office regularly assists start-up companies, primarily in relation to fintech and IT projects. The firm also has sector expertise in telecoms, pharmaceuticals, food and beverages, tourism and hotels, and retail. Djordje Igric is experienced in M&A, corporate matters, privatisations and restructurings.

Practice head(s):

Djordje Igric

Other key lawyers:

Marko Belić


The team is completely dedicated to helping the client understand its problems, position and objectives.

They provide clients with solutions and help them to choose the right one.

Dedicated, precise and professional.

Great support regardless of challenging situations – the firm is a key resource to our company.

‘A transparent and proactive approach that has helped us in many situations.

As a team, they are a great package with different technical skills.

The team was very professional and committed, demonstrating a structured approach and outstanding problem-solving capabilities.

Djordje Igric is a valuable partner when it comes to our relations with investors.

Key clients

Advans Group


City Expert

Instant Factoring

International Food Factory


Mobi Gas



Omen Media

Carers HQ

Elsys Group

Skill Up




Work highlights

  • Advised Advans Group on both acquisition processes and entering into joint ventures in relation to IT start-up projects.
  • Assisted Deloitte (as principal transaction adviser) with the acquisition of a telecoms sector business.
  • Assisted the shareholders of City Expert, an online real estate agency, with considering a third-party investment proposal.

Mihaj, Ilic & Milanovic Law Firm

Mihaj, Ilic & Milanovic Law Firm houses specialised teams in corporate and commercial law and finance. The practice has particular expertise in the healthcare, pharmaceuticals, energy, infrastructure, manufacturing and aviation industries. Marko Milanovic is a commercial and corporate law specialist, and Tanja Unguran is an experienced M&A, corporate and tax expert.

Practice head(s):

Marko Milanovic; Tanja Unguran

Other key lawyers:

Bojan Jankovic; Jelena Papic


‘They are very familiar with aviation law, which is very important for us. Their billing system is quite unique for this region.’

‘Marko Milanovic is a very well organised and energetic lawyer. Jelena Papic is an enthusiastic lawyer who is prepared to pay attention to the details and ensure that everything is done in the agreed manner.’

‘The team is extremely dedicated to every single matter, and we value their approach. They are extremely responsive, even within very tight timescales, while displaying excellent management of the legal matters. The lawyers are extremely skilled and ready to provide you with professional assistance at any time.’

‘Jelena Papic is a very dedicated young lawyer who is able to develop intelligent solutions to the most sensitive issues. Tanja Unguran is advising us on corporate and tax issues and I would describe her as a very energetic and well-regarded lawyer in Serbia. Bojan Jankovic advises on labour matters and is a very pragmatic litigator. Marko Milanovic is extremely proactive – he provides great expertise and possesses very good judgement.’

‘My company has worked with MIM for years now. I have an excellent opinion of our cooperation and we plan to continue it. The biggest plus on my list is their experience and availability at any time, day or night, which is required in the dynamic environment of the pharmaceutical industry.’

‘I work primarily with Marko Milanovic and he is my go-to person – experienced, available, ready to listen and to provide legal support of any kind when needed.’

‘MIM is the firm to use in a tough situation. I know when I give them a call, I will get best possible solution out of it.’

‘I have known Marko Milanovic for decades and I use his services in special situations when I do not have an answer. He is always very calm, focused and able to find the best option.’

Key clients


Doka Serb

Galeb Group

Zimpa Ub

Oil Processing Company Europe

Alcon Pharmaceuticals

Global Seed

Duo Bacco

Work highlights

  • Providing corporate and commercial support to Serbian air carrier Air Serbia.
  • Providing full corporate and commercial support to foreign nationality shareholders in relation to the regulation of relations with majority shareholders in a Serbian company.
  • Providing consultancy services and corporate support to the entire Galeb Group Holding.

Subotic & Jevtic - Attorneys at Law

Established in 2017, Subotic & Jevtic – Attorneys at Law advises international clients on corporate and commercial law, in addition to competition matters and data protection issues. Julijana Jevtić has longstanding experience in M&A, privatisations, and restructurings and insolvencies, and Milica Subotic has a broad practice that includes corporate law, M&A and finance.

Practice head(s):

Julijana Jevtić

Other key lawyers:

Milica Subotic


Satisfies our high expectations in terms of quality of service, but without the heavy fixed costs and administrative constraints that are endemic to most large law firms.

Delivers sound, well-thought-out advice with assistance only a phone call or email away.

Gives us great confidence in our endeavours.

They are great lawyers and easy to work with –  I highly recommend them.

The team is very competent and has great experience.

Julijana Jevtić understands the real-world needs and constraints of clients.

Milica Subotić is professional, efficient and always to the point.

Milica Subotić is an eloquent and persuasive person, who is always ready to meet the specific needs of clients.

Key clients

Lukoil a d Belgrade

Agri Business Partner

Mtel a d Banja Luka




Novo Nordisk Pharma


Work highlights

  • Advised Agri Business Partner on a takeover bid for minority shares in target company PP Miletić.
  • Advised PP Miletić on the acquisition of ownership shares.

Vukovic & Partners

With significant experience in commercial, corporate and M&A work, Vukovic & Partners advises Serbian and multinational clients in a range of sectors, particularly shipping and logistics, energy and natural resources, and real estate and construction. Heading the team are managing partner Dejan Vuković and Dejan Plamenac, who recently made partner.

Practice head(s):

Dejan Vuković; Dejan Plamenac


A very professional team which is knowledgeable about all legislative developments.

The team keeps up to date with the constant changes relating to its clients’ businesses.

They are always flexible as regards payments and always meet my needs.

Always accurate and precise. They explain the advice in detail.

I am very satisfied with Vukovic & Partners.

Great communication skills and a practice that cares.

Quick and very pragmatic – they understand the client’s issues and deliver excellent advice.

Dejan Plamenac provides great support and is very responsive.

Key clients

P&O Ports FZE

Nyholmen Invest

MSG Global Solutions

United States Agency for International Development

Dry Docks World


Global Benefits Europe

WorleyParsons Energy Services

Kopa Investment Corporation

Niksen Investment

Enna Fruit



Energy Supply & Trade

Minimet Commodities

Nordic Ocean Hotels

Integral Group International

Eurobau Connect AG

Glob Metropoliten

Project Consultum SRB

Two dots doo

Goldair Handling

Work highlights

  • Advised P&O Ports FZE on a business venture and investment in the Port of Novi Sad.
  • Advised Nyholmen Invest on the local aspects of the sale of Rapp Zastava, a Serbian company that provides winches and other solutions to the marine industry.
  • Advised Two Dots doo Belgrade on the acquisition of non-performing loan portfolios.

Zavisin Semiz Law Office

Well known for M&A, corporate and commercial law work, Zavisin Semiz Law Office‘s practice ranges from advising on start-ups, strategic expansions, business structuring and regulatory compliance, to handling business exit strategies. The team, co-led by Nataša Zavišin and Stojan Semiz, is also experienced in the corporate structuring of major real estate deals.

Practice head(s):

Nataša Zavišin; Stojan Semiz

Other key lawyers:

Nikola Sugaris


A very commercial firm that is proactive in staying on top of developments in Serbia and the region.

‘The firm has a highly experienced team of lawyers, who are focused on international transactions and understand what international clients require and appreciate.

They are very knowledgeable, practical, responsive and easy to cooperate with.

A very strong team with senior experienced lawyers doing the actual work, rather than overseeing young colleagues’ work.

Nataša Zavišin and Stojan Semiz are top professionals in their respective areas of expertise. While they are always externally calm, you can see that the wheels in their heads are constantly spinning and they are always thinking a few steps ahead, in order to ensure that the transaction comes to a successful conclusion.

Nataša Zavišin and Stojan Semiz’s language skills are perfect. They are responsive and have a very good understanding of various industries and business cultures.

Stojan Semiz was very helpful both in advising on Serbian law matters and in making introductions when requested. He is very knowledgable about the market and an excellent lawyer.

Nikola Sugaris’ availability is not limited to regular working hours, but adjusted to the needs of our company – he is very cooperative and a quick solution finder.

Key clients


Belgrade Waterfront

Eagle Hills Properties

Mid Europa Partners


Durst Development Beograd

Mivne Group

Global Finance

Motherson Group

Work highlights

  • Advised GTC on the sale of a portfolio of 11 office buildings in five business parks (through a €267.6m share deal).
  • Advised Mid Europa Partners on the corporate consolidation of MediGroup, its healthcare business in Serbia.
  • Advised Belgrade Waterfront on launching Galerija Belgrade, reportedly the largest shopping mall in the region.