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Who Represents Who

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With offices in Serbia, Montenegro and Bosnia,¬†BDK Advokati's regional¬†M&A practice is highly regarded for its advice on multi-jurisdictional deals.¬†Vladimir DaŇ°ińᬆadvised regional private equity fund Blue Sea Capital on the sale of a 55 per cent stake in Medi Group, a¬†private healthcare provider in Serbia,¬†to Mid Europa Partners; and¬†Tijana Kojovińᬆacted for¬†Mainframe 2, established by a Serbian entrepreneur and known for cloud-based Windows desktop and application delivery, on the sale of its shares to Nutanix.¬†Senior associates¬†Tomislav Popovińᬆand Janko Nikolińᬆwere hired from¬†Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss¬†and¬†JPM Jankovic Popovic & Mitic, respectively, while former senior associate¬†Marija Doci left the firm.

JPM Jankovic Popovic & Mitic's¬†diverse corporate practice assists clients in industry sectors such as telecoms, aviation, retail, healthcare and mining; it also has deal experience in relation to construction, life sciences, energy and IT. Highlights included advising¬†Vela Operating Group on¬†the acquisition of Belgrade-based software company IN2 Informatińćki InŇĺenjering; and acting for¬†Dr Max Group, a group member of Penta Investment Group, on the acquisition of a chain of pharmacies.¬†Jelena Gazivoda,¬†Nenad Popovic, Nikola Poznanovic¬†and Nikola ńźorńĎevińᬆare all experienced practitioners.¬†Marko Jovkovińᬆand Uros Markovic¬†left to found MVJ markovińá vukotińá jovkovińá.

Karanovic & Partners¬†is regularly engaged in large transactions in Serbia and the region. Alongside¬†lead international counsel¬†White & Case LLP,¬†the team advised PPF Group, a Czech investment firm, on the ‚ā¨2.8bn acquisition of Telenor‚Äôs assets in Central and Eastern Europe. It also acted for American pharmaceutical corporation Pfizer on the corporate restructuring of its business in Serbia and assisted¬†DDM Group, a multinational investor and manager of distressed assets, with the acquisition of the Serbian subsidiary of Heta Group and its NPL portfolio.¬†Dragan Karanovic, MiloŇ° Vuńćkovińᬆand¬†Marjan Poljak¬†are the highly rated senior partners.¬†MiloŇ° Jakovljevińá,¬†Ivan Nonkovińᬆand Goran Radosevic¬†are also key members.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr¬†stands out for its experience in¬†advising on NPL portfolio sales and restructurings in the banking and finance sector and has a significant¬†track record in telecoms and media sector-related deals. The practice advised¬†Telenor ASA, a member of Telenor Group (a Norwegian multinational telecoms company), with the high-profile sale of its CEE subsidiaries to PFF Group for ‚ā¨2.8bn (on an enterprise value basis); it also acted for¬†the Phoenix Group on the acquisition of the Goodwill Apoteka pharmacy chain in Serbia.¬†Matija Vojnovic¬†is 'an excellent negotiator, a strategic thinker and extremely creative in structuring complex deals';¬†Luka Lopińćińᬆand Slaven Moravńćevińᬆare also highly rated.

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz¬†acts for¬†multinational corporations, with presences in Serbia, on both large deals as well as their day-to-day business operations. Managing partner Radivoje Petrikińᬆadvised¬†Zumtobel Group, a¬†European manufacturer of professional indoor and outdoor lighting, on the establishment of its business in Serbia, which included advising on the acquisition of state-owned land, real estate contracts for the construction of a plant, and a lease agreement for a brownfield investment.¬†Marija TeŇ°ińá, Maja Stepanovińᬆand Milica Popovińᬆare the other names to note.

Bojovińá DraŇ°kovińá Popovińá & Partners¬†¬†fields lawyers with sector experience in¬†technology, telecoms, entertainment, fashion, pharmaceuticals and life sciences, food and energy. Uros Popovic¬†advised Nestl√©, the world's largest food and beverage company, on two transactions, including the sale of Serbian chocolate brand Cipiripi to Paracinka. Vuk DraŇ°kovińᬆheads the department and¬†Marija Bojovic¬†is a corporate and commercial law expert, particularly in relation to real estate matters.

Gecic Law's¬†'well-educated professionals have a dedicated work ethic'. The practice regularly advises on high-profile¬†deals, including significant strategic investments in Serbia; it acted for¬†3N Group on the proposed acquisition of wind farm project companies. Senior counsel¬†Ognjen Colińᬆheads the corporate and M&A practice, managing partner¬†Bogdan Gecińᬆis 'an¬†excellent lawyer who achieves success for clients', Nikola Aksińᬆis 'responsive and competent', and Jelena Adamovińᬆis a highly rated special counsel.

Harrisons Solicitors is highly regarded for its assistance with both buy-side and sell-side transactions. Recent work includes advising as Serbian legal adviser to the UAE's agribusiness multinational, Al Dahra, on its proposed acquisition of JRB - Jugoslovensko recno brodarstvo (Yugoslav River Shipping). Principal Mark Harrison specialises in high-profile transactions in the region and Goran Martinovic is an experienced consultant.

Joksovic, Stojanovic & Partners¬†'provides very satisfying results'.¬†The team is highly rated for its experience of IT-related matters. It¬†advised Alkemy, an Italian e-commerce services and digital marketing company, on its acquisition of Serbia-based digital marketing company Kreativa New Formula.¬†Milan Joksovic¬†'always provides practical advice';¬†Petar Stojanovińᬆand attorney at law Goran Vucic¬†are also key contacts.

The 'highly experienced'¬†Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss¬†is noted for its advice on¬†large and complex transactions in Serbia. Managing partner for Belgrade¬†Miroslav Stojanovic¬†advised Campofrio Food Group Holding on the proposed¬†acquisition of a Serbian food industry company and¬†NataŇ°a Lalovińá Marińᬆadvises international clients on investments in Serbia;¬†Andjelka Todorovic¬†was promoted to senior associate.

Prica & Partners¬†advises corporations, private equity investors and venture capitalists on complex public and private transactions, acquisitions and business transfers¬†across industry sectors, including financial services, private equity, telecoms, energy, media, technology and hospitality. Danica Gligorijevińᬆadvised Acibadem, a Turkish healthcare institution, on the Serbian aspects of a cross-border project in which the group planned to acquire a 60 per cent stake in a private Serbian healthcare company. Darija Ognjenovińᬆis also highly rated.

SamardŇĺińá, OreŇ°ki & Grbovińá Law Firm's 'professional and knowledgeable team is responsive and reliable'. The practice has recently¬†been focused on corporate, asset and liability transfers, restructuring, M&A, reorganisations and cross-border financial transactions; it advises Regus, which provides flexible workplaces, on the incorporation and functioning of its Serbian entities. Milan Samardzic¬†heads the corporate and M&A department.¬†Radovan Grbovic, Milos Velimirovic¬†and Marija OreŇ°ki TomaŇ°evińᬆare also key advisers, while senior associate Igor Radovanovic's 'professionalism is appreciated by clients'.

Zavisin Semiz Law Office's 'unique team takes into consideration every possible problem and finds the best solution for all parties'. The practice assists with¬†M&A, private equity, company law and corporate restructuring. It acted as local legal counsel to Mid Europa Partners on acquiring a majority stake in private healthcare provider MediGroup. NataŇ°a ZaviŇ°in¬†and senior counsel ńĆaslav Petrovińᬆare the names to note.

Bojanovic & Partners is 'a premium corporate law firm that is responsive, accurate and available at any time'. It recently advised Gazprom, the global gas and oil company, on the development of the Turk Stream, the largest gas pipeline in Europe; the work includes day-to-day advice on business operations, corporate structures, M&A and group restructuring. 'Perceived as a deal maker', Vladimir Bojanovic 'handles complex deals'.

Doklestic Repic & Gajin' 'team is one of the most efficient in the market'. The practice regularly advises subsidiaries of Philip Morris International in Serbia on corporate and commercial legal issues. Slobodan Doklestic is 'one of the best corporate and commercial lawyers in Serbia' and Milos Pandzic is an experienced senior associate.

Kinstellar/Zajednicka advokatska kancelarija Maric & Mujezinovic's¬†Branislav Marińᬆrecently advised an international logistics company on its¬†entry into the Serbian market, via the acquisition of a local logistics centre company. Selma Mujezinovińᬆis also a key contact.

MVJ markovińá vukotińá jovkovińᬆwas formed in late 2017 by Uros Markovic, Nikola Vukotic¬†and Marko Jovkovic, formerly¬†at JPM Jankovic Popovic & Mitic. Jovkovic¬†advises on complex and significant M&A, restructuring and cross-border finance transactions in Serbia.

Ninkovic Law Office is particularly active in the pharmaceutical industry; the team also advises on aviation sector-related deals. It acted for Aspen on the Serbian corporate aspects of the cross-border merger of Aspen Europe into Aspen Pharma Ireland. Ivan Krsikapa and Djurdje Ninkovic are the principal contacts.

NKO Partners 'delivers quick, reliable and sustainable solutions'. Djordje Nikolic and 'strategic thinker' Djuro Otasevic co-head the corporate department; the practice advises PepsiCo International and its local subsidiary, Marbo, on corporate and commercial law matters.

Stankovic & Partners regularly advises on complex cross-border corporate M&A. Nenad Stankovic specialises in international business law; he advised a Finnish logistics sector client on the establishment of a local representative office in Serbia.

Marińá, MaliŇ°ińá & Dostanińá o.a.d.¬†handles M&A and corporate and commercial law as well as infrastructure projects, energy, real estate and telecoms matters. Ana Maric, Rastko MaliŇ°ińᬆand Oliver Radosavljevic¬†are experienced advisers.

Mihaj, Ilic & Milanovic Law Firm fields lawyers with sector expertise in healthcare, pharmaceuticals, energy and infrastructure, manufacturing and aviation. Marko Milanovic and Tanja Unguran are experienced practitioners.

Mladenovic & Stankovic in cooperation with Rokas International Law Firm's Aleksandar Mladenovic heads the Belgrade commercial, corporate and M&A practice. Vuk Stankovic regularly advises a Serbian brokerage company on compliance issues, corporate and financial law, and capital markets.

҆unjkaLaw's team head¬†Tomislav Sunjka¬†has a broad practice, including corporate and commercial law,¬†M&A, energy matters, infrastructure projects, trade and consumer rights law.

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Legal Developments in Serbia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Karanovic & Partners wins the Law Firm of the Year Award

    We are proud to announce that Karanovic & Partners is the 2019 winner of the prestigious Law Firm of the Year award, in the Eastern Europe and the Balkans category. 
  • Serbia: The Registration Of Ultimate Beneficial Owners

    As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the¬† Serbian Business Registers Agency ¬†(the ‚ÄúRegistry‚ÄĚ), in line with the Law on Ultimate Beneficial Owners (‚ÄúOfficial Gazette of the RoS no. 41/2018).
  • Karanovic & Partners joins Ius Laboris

    We are proud to announce that Karanovic & Partners has joined Ius Laboris, the world's premier global network of human resources law firms. The Employment practice of Karanovic & Partners in Serbia joined this prestigious organisation to reinforce its international HR advisory services for domestic and international companies.
  • Karanovic & Partners: The 13th Traditional Conference on Competition Law and Data Protection

    On 28 November 2018, Karanovic & Partners, together with the¬† Friedrich Naumann Foundation for Freedom , held the Competition and Data Protection conference at the Hilton Belgrade hotel. This traditional yearly conference ‚Äď now in its' 13th year, gathered more than 120 experts from the business and legal community, as well as key regulators and stakeholders, to discuss the most important current issues in the fields of competition law and data protection.
  • Serbia Enacts a New Data Protection Law

    In light of the new EU data protection scheme, shaped by the GDPR, Serbia has enacted a new Data Protection Law on 9 November 2018, with its' applicability postponed for 21 August 2019. The new law was long-awaited: it has been 10 years since the existing law was passed, which was even at that moment already outdated (e.g. it recognized only consent in the written form and almost completely restricted data transfers to non-European countries).
  • Privatisation Disputes

    This article was written by¬† Milan Lazińá, Senior¬† Partner¬†, and¬† Milica Savińá, Senior Associate¬†, and originally published in the¬†"Reshaping the boundaries of arbitrability: Are we heading forward?" publication by the¬† Permanent Arbitration at the Chamber of Commerce and Industry of Serbia .
  • Geographical Indications Of Origin In Serbia: Where The Past Fuels The Future

    This article was written by Dragomir Kojińá, Partner ‚Éį, and Tamara Bubalo, Associate ‚Éį, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine. To see the original article, please follow this link.
  • Striving Towards the Black Gold

    This article was written by Petar Mitrovińá, Partner ‚Éį, and Nikolina KaŇĺińá, Associate ‚Éį, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine To see the original article, please follow this
  • Montenegro To Publish A Tender For A 200 MW Solar Power Plant

    The Montenegrin Government plans to publish a tender for the lease of state land for the purpose of constructing a solar power plant in the municipality of Ulcinj. According to the announcement, the tender envisages a total of 6,621,121 square meters of land for the planning, construction, exploitation, and maintenance of a solar power plant at Briska gora, in the very south of Montenegro.
  • Laying the Foundations: ZF Group Building a Factory in Serbia

    The Karanovińá & Nikolińá team, led by Senior Partner Marjan Poljak and Senior Associates ‚Éį Ana Stankovińá and Ana Lukovińá, advised ZF Friedrichshafen on the project of opening an electric vehicle parts factory in Panńćevo, Serbia. The German company, a global leader specialising in the design, research and development, and manufacturing activities in the automotive industry, laid the foundations and began construction on 21 June 2018.

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