Projects and energy in Serbia

BDK Advokati AOD

BDK Advokati AOD fields 'excellent Serbian lawyers who also understand many of the key English law concepts'. The team is experienced in advising on prominent infrastructure projects; its expertise covers bidding for projects, financing, construction, and operation of infrastructure assets. Senior partner Dragoljub Cibulić and senior associate Dragoljub Sretenović are 'excellent lawyers, who give on-point and on-time legal advice'; Cibulić is a specialist in greenfield real estate, energy and infrastructure projects. Milan Dakić has particularly notable experience in International Federation of Consulting Engineers (FIDIC) contracts and construction arbitration.

Practice head(s):

Dragoljub Cibulić; Milan Dakić

Other key lawyers:

Dragoljub Sretenović


BDK is probably the best local legal firm I have worked with in emerging markets.

Excellent Serbian lawyers who also understand many of the key English law concepts, which is very helpful when it comes to finding solutions to new or complex structures.

Dragoljub Cibulić and senior associate Dragoljub Sretenović are excellent lawyers, who give on-point and on-time legal advice, speak excellent English, and come across very well with clients – highly competent individuals and a pleasure to work with.

Key clients

European Bank for Reconstruction and Development (EBRD)




Rio Tinto

China Road and Bridge Corporation (CRBC)

Metito Utilities Limited

Enlight Renewable Energy

Nestor Advisors


Work highlights

  • Advised EBRD, IFC, and OeEB (lenders) on the €300m-plus project financing for a large and complex waste management public-private partnership project in Belgrade.
  • Acted for the Lenders’ syndicate as local legal adviser, for a syndicate of commercial and institutional lenders in relation to financing the development, design, engineering, procuring, construction, ownership and operation of an interconnecting gas pipeline.
  • Advised JPMorgan and UKEF on the €800m UK Export Finance guaranteed loan to the Republic of Serbia for the construction of the 110-km motorway from Pojate to Preljina (Morava Corridor).

JPM Jankovic Popovic & Mitic

JPM Jankovic Popovic & Mitic 'has an excellent understanding of energy sector regulation in Serbia and an established relationship with all the key players'. The energy, mining, projects and infrastructure department comprises specialists in energy, renewable energy, gas, mining, PPPs and concessions, direct foreign investments and project finance. Senior partner Jelena Gazivoda heads the mining and energy department, and 'has outstanding knowledge of the energy sector's legal issues'; Nikola Đorđević's broad practice includes complex corporate, M&A and energy law; and Ivan Petrović is a real estate specialist.

Practice head(s):

Jelena Gazivoda

Other key lawyers:

Nikola Đorđević; Ivan Petrović; Marija Vukčević


The firm provides an excellent offering of high-quality and experienced local law advice across a broad spectrum of sectors and practice areas. This quality is supplemented by the firm having connections to governmental and regulatory bodies that are better than those of its competitors, which is particularly important in high-profile or complex transactions.

They are highly responsive and proactive in their quest to get the best deal done.

The entire team is fluent in English, which allows for very efficient working and clear communication.

Excellent understanding of energy sector regulation in Serbia and an established relationship with all the key players.

Jelena Gazivoda is a true leader and an outstanding lawyer. She has complete oversight of various work streams, manages all details exceptionally, has a proactive approach, and delivers skilful and nuanced advice.

Jelena Gazivoda has outstanding knowledge of the energy sector’s legal issues, acting promptly in response to any request. Her reports are concise, yet clear and comprehensive, and always delivered in a timely manner without delays.

For any high-profile and complex transaction, Jelena Gazivoda is indispensable.

Nikola Đorđević has a deep understanding of the market, and the superb skill of developing and quickly turning around complex and voluminous documentation of high quality.

Key clients

Gastrans d.o.o., Novi Sad, the Republic of Serbia

Underground Gas Storage Banatski Dvor

MTU Aero Engines AG Germany

China Shandong International Economic & Technical Cooperation Group Ltd

Gazprom, Russian Federation


Yugorosgaz a.d. Beograd, the Republic of Serbia

Energy Community

Transportgas Srbija d.o.o., the Republic of Serbia

Distribucijagas Srbija d.o.o., the Republic of Serbia

Work highlights

  • Drafting the Gastrans Network Code in compliance with the Serbian Energy Law and Energy Community Secretariat requirements.
  • Assisted with establishing a business and corporate presence in Serbia, which related to the opening of a dedicated engine parts repair facility.
  • Advised on the expansion of underground natural gas storage capacity in Serbia.

Karanovic & Partners

Karanovic & Partners' energy and natural resources, and infrastructure and transport, teams consistently assist national and international clients with landmark energy projects in Serbia. Miloš Vučković is a senior partner with over 20 years' experience in corporate and commercial, environmental, real estate and energy law; he is particularly focused on renewables and mining. Petar Mitrović advises on high-profile developments of new energy facilities; he also assists with projects seeking to improve the regulatory framework for renewable energy sources.

Practice head(s):

Miloš Vučković; Petar Mitrović 

Other key lawyers:

Ana Luković


Tremendous experience in various fields of law, with good co-operation between different in-firm departments.

Highly effective in terms of problem solving.

Petar Mitrović is greatly appreciated for his experience and quality of work.

Key clients

Zijin Mining Group Co., Ltd.

International Finance Corporation (IFC)

Brose Fahrzeugteile Gmb und Co. KG, Coburg

Bechtel International



Rio Tinto

ZF Friedrichshafen AG

Rakita Exploration doo

Akuo Energy SAS

Tethyan Resources

Windvision Operations

Economic Consulting Associates Ltd.

Work highlights

  • Advised Canadian precious and base metals exploration company, Tethyan Resource Corp, on its acquisition of 10% of shares in- and management control over – Serbian geological company EFPP.
  • Acted, as regional adviser, for Akuo (a French developer, financier, builder and operator of wind power projects) on the acquisition of a wind power plant project in development stage in Serbia.
  • Advised on the Cukaru Peki deposit in East Serbia, which is (reportedly) one of the most attractive deposits in the world for copper and gold mineralisation.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr

'The strongest project development team on the market', Moravcevic Vojnovic and Partners in cooperation with Schoenherr's team specialises in international and domestic energy-related transactions, developments, M&A and privatisations, along with PPPs, regulatory matters, competition, and dispute resolution. Energy department head Miloš Laković is particularly focused on renewable energy projects; Slaven Moravčević has longstanding experience in international and domestic energy projects; and corporate and M&A head Matija Vojnović's is noted for headline energy projects in Serbia. Attorney at law Aleksandra Petrović's experience includes wind and solar parks, and hydro and thermal power plants.

Practice head(s):

Miloš Laković

Other key lawyers:

Slaven Moravčević; Matija Vojnović; Aleksandra Petrović


The strongest project development team on the market!

The team is capable of handling all aspects of large-scale projects; international aspects and industry knowledge are its biggest strengths.

With its excellent provision of services, this is a unique projects and energy practice team in the Serbian market.

The ability to deliver useful and extremely competent advice on time, as well as being extremely available for additional Q&As, are their main strengths in this not-so developed legal area in Serbia.

Miloš Laković is one of the best energy and project lawyers in the SEE region.

Miloš Laković is an extremely dedicated and professional lawyer.

Slaven Moravčević is a strategic thinker, and we highly value him for his extraordinary negotiation skills.

Attorney at law Aleksandra Petrović is a real expert and a valuable member of the team.

Key clients




Siemens Wind Power


Taaleri Finland

Montenegrin power utility – Elektroprivreda Crne Gore

Government of Montenegro

Shanghai Electric Power

City of Belgrade

Energy Community


Uniprom Montenegro


Building Energy


New Power Generation International

Via Ocel

Rio Tinto


University of Belgrade – Faculty of Transport and Traffic Engineering

Work highlights

  • Assists Rio Tinto with the regulatory aspects surrounding the  development of a project that involved the exploration, exploitation and subsequent industrial processing of the jadarite mineral.
  • Advised the University of Belgrade – Faculty of Transport and Traffic Engineering on the preparation and implementation of the methodology strategy for public transport development in Belgrade.
  • Advised EBRD on the construction of a new central bus terminal in Kragujevac in central Serbia.

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

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz's Belgrade team acts for a raft of high-profile clients in their projects in Serbia, including renewable and conventional energy matters, as well as energy efficiency projects. Managing partner Radivoje Petrikić has extensive experience in development projects throughout the CEE region; and head of the Belgrade infrastructure and projects practice, Ivan Gazdić, has significant experience in real estate transactions involving both development projects and acquisitions. Attorney at law Marija Marošan assists with project-related real estate aspects.

Practice head(s):

Radivoje Petrikić; Ivan Gazdić

Other key lawyers:

Marija Marošan


The firm works very closely with its clients, investing significant efforts in its recognition and satisfaction of their requirements.

While assembling a team, the firm ensures that all aspects of a project are covered by experienced experts.

We were very satisfied with the level of co-operation from the team.

Key clients

DenizBank AG



GFA Consulting Group

Best in Parking – Holding AG

Poseidon Group

BMTS Technology

Banca Intesa

Delta Real Estate

fischer automotive systems GmbH & Co. KG

König Metall Group

European Investment Bank (EIB)

EBRD and Raiffeisen Bank Serbia


Andritz AG

Zijin Mining


Work highlights

  • Advised Turkish banks on the financing of the design and construction of two motorway projects in Serbia (by way of a loan to the Republic of Serbia).
  • Assisted with the implementation of energy supply projects in Serbia.
  • Advised an international construction and parking operator company on the concession for the design, construction, financing, operation and maintenance of four public garages in Novi Sad.

BOPA Bojanovic & Partners

Covering both transactional and regulatory aspects, BOPA Bojanovic & Partners' 'key strength is in gathering together the best energy and projects lawyers in the market'. The projects and energy team specialises in various industry sectors, including waste management, oil, natural gas and electricity trading, power exchanges, and transmission system and distribution system operators. 'A true deal maker and business-oriented person who gets things done', the widely respected Vladimir Bojanović heads the projects and energy department.

Practice head(s):

Vladimir Bojanović


An absolutely impeccable service.

Responsiveness and business acumen, in addition to perfect legal skills.

A leading law firm with prominent lawyers in the team.

Its key strength is in gathering together the best energy and projects lawyers in the market.

We have worked on many energy projects together and they always perform excellently.

Vladimir Bojanović is a highly available lawyer with deep industry knowledge.

Vladimir Bojanović is remarkable and always fully engaged.

Vladimir Bojanović is a true deal maker and business-oriented person who gets things done.

Key clients

Gazprom and Gastrans

Bothar Group

Yugorosgaz A.D. and Yugorosgaz Transport d.o.o. Niš

Ariston Thermo

Thermowatt S.p.A.

General Electric

Rhinestone Trading LLC

Work highlights

  • Assisted Gazprom, and its Serbian subsidiary Gastrans, with various energy-related matters.
  • Advised General Electric on the corporate restructuring of its group of companies, as well as regulatory issues.
  • Assisted Yugorosgaz a.d. and Yugorosgaz Transport d.o.o. Niš, (Gazprom’s subsidiaries) on regulatory issues.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners 'is a reliable and responsible business partner that clients can undoubtedly trust to implement complex construction projects'. The practice has a significant track record in large-scale projects, including electric power, mining activities, and energy matters, including regulatory aspects. Senior partner Petar Stojanović is experienced in major mining and energy-related projects in both Serbia and Montenegro; and providing further senior partner-level support, Milan Joksović specialises in international commercial and company law.

Practice head(s):

Petar Stojanović; Milan Joksović


The firm is a reliable and responsible business partner that clients can undoubtedly trust to implement complex construction projects that require the ability to make fast and correct business decisions.

The team provides great legal support during huge energy projects.

High levels of professionalism and efficiency.

Efficient levels of communication and availability.

Key clients

Infrastructure Development and Construction

DV Technology



Rakita Exploration

Kamen i Pesak

Teknoxgroup Srbija


Work highlights

  • Advised Infrastructure Development and Construction on the energy law implications surrounding the construction of the Serbian section of the Turkish Stream gas-pipeline project.
  • Advised Teknoxgroup Srbija (as subcontractor) on the construction of a new waste plant.
  • Advised Teknoxgroup Srbija on the construction, supply and maintenance of a co-generation plant.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Advising key stakeholders on landmark project developments and project finance, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss has a particularly strong name in the market for PPPs and concessions. Belgrade managing partner Miroslav Stojanović has longstanding experience in M&A, corporate and commercial law, PPP projects, and energy and infrastructure work; and Nataša Lalović Marić's broad practice includes high-profile project developments. At counsel level, Anđelka Todorović specialises in energy and infrastructure project financing and developments.

Practice head(s):

Miroslav Stojanović; Nataša Lalović Marić

Other key lawyers:

Anđelka Todorović; Petar Miskovic

Key clients

Consortium of Suez Groupe SAS and I-Environment Investment Ltd (and their project SPV, Beo Cista Energija d.o.o.)

Elpedison Power Generation S.A.

Erste Group Bank AG

UniCredit Bank Srbija a.d.

Erste Banka a.d. Novi Sad

Komercijalna banka a.d. Beograd

NLB d.d., Slovenia

UniCredit S.p.A., Milan, Italy

Unicredit Serbia jsc

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

Work highlights

  • Advised Consortium of Suez Groupe SAS and I-Environment Investment Ltd, and their project SPV, Beo Cista Energija d.o.o.  since its inception, on the Belgrade energy-from-waste plant project development.
  • Assisted Greek-based energy utility company, Elpedison, with the acquisition of wholesale electricity trading licences in five jurisdictions, including Serbia.
  • Advised Naftna industrija Srbije a.d. NIS (a joint venture company between Russian Gazprom Neft and the Republic of Serbia)on various regulatory issues in relation to energy and renewable energy.

Bojovic Draškovic Popovic & Partners

Bojovic Draškovic Popovic & Partners' energy team regularly works alongside its competition, regulatory, corporate and commercial, and dispute resolution colleagues on energy, natural resources, environment and infrastructure projects. Examples include waste management, biofuels, smart grids, mining, and hydro and wind power matters. Uroš Popović is the energy head, while Marija Bojović is the infrastructure leader.

Practice head(s):

Uroš Popović; Marija Bojović

Other key lawyers:

Mario Kijanović; Milica Pešterić

Key clients


Elias Eco

Telia Carrier

Turkie Maarif School

CWPR Services

Our EndowmentChina Railway International Co., Ltd.

Work highlights

  • Advised CWPR Services on designing a wind farm in Serbia.
  • Advised China Railway International Co on the legal feasibility of a tripartite contract structure for the modernisation and reconstruction of a Hungary-Serbian railway project.
  • Advised Elias Eco, a South Korean  hazardous waste disposal company, on a project involving a plant for the destruction of industrial and medical waste.

Harrisons Solicitors

Harrisons Solicitors was recently active in relation to major projects involving airports, roads, mining, and major energy and natural resources investments. Examples include advising EBRD and Erste Group on the post-financing issues concerning a large wind farm. Consultant Goran Martinovic has approximately 30 years’ experience in assisting with significant projects in Serbia.

Practice head(s):

Goran Martinovic 

Other key lawyers:

Mark Harrison

Key clients

Al Dahra

Al Rawafed

International School of Belgrade

Erste Group


Work highlights

  • After Al Dahra’s successful acquisition of PKB, the team assisted with both its modernising of acquired PKB assets and modernisation of agricultural production.
  • Advised EBRD and Erste Group on the post-financing issues concerning a wind farm.
  • Advised the International School of Belgrade on a large infrastructure project, which involved complex land acquisitions and project negotiations.

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 is experienced in high-profile greenfield projects in Serbia, with Branislav Marić an expert in major energy and industrial sector-related investments and financings.

Practice head(s):

Branislav Marić

Other key lawyers:

Tijana Arsenijević; Tamara Zejak

Key clients

Yanfeng Automotive

Kyungshin Cable Europe d.o.o. Beograd

Embassy of the Republic of Korea

Summit Autotech

Linglong Tire

Incheon International Airport Corporation


Work highlights

  • Advised Linglong Tire on a large factory development.
  • Advised Kyungshin Cable Europe d.o.o. Beograd on an investment project in Serbia.
  • Advised the Embassy of the Republic of Korea on significant legislative changes in Serbia.

Mihaj, Ilic & Milanovic Law Firm

Mihaj, Ilic & Milanovic Law Firm is regularly sought out for its assistance with energy production facility developments in Serbia, as well as in Montenegro, Macedonia, Albania and Georgia. 'Simply a great lawyer', Tanja Unguran's energy project expertise includes oil and gas, and renewable energy; and Nemanja Ilic's broad practice includes energy matters.

Practice head(s):

Tanja Unguran; Nemanja Ilic

Other key lawyers:

Bojan Jankovic; Jelena Papic


100% availability and quick responses – much quicker than other large firms.

Tanja Unguran is simply a great lawyer.

MVJ marković vukotić jovković

MVJ marković vukotić jovković's team 'makes complex projects seem very logical and easy to understand'. It fields specialists in major projects involving PPPs, concessions, and energy and infrastructure matters. 'Fantastic in identifying risks inherent to the industry', Uroš Marković is an energy and infrastructure specialist, and Dušan Đorđević's experience includes complex, cross-border infrastructure projects.

Practice head(s):

Uroš Marković; Dušan Đorđević


The team demonstrated good communication and professional skills.

In addition to delivering a timely service response, they provide constructive suggestions on key issues.

They have a level of knowledge of the international natural gas market that is unique among law firms in Serbia; and their grasp of the major commercial concerns of our business and ability to foresee major risks are unparalleled.

A very responsive and knowledgeable team that has great experience in handling complex matters.

The team’s advice is alway spot on; when structuring project documents, it makes complex projects seem very logical and easy to understand.

MVJ has great experience in everything related to projects and energy. They are fast, very professional, and represent value for money.

Uroš Marković and Dušan Đorđević are great communicators, always utilise new technologies, and collaborating with them is great. They are accessible to us day and night.

Uroš Marković has been fantastic in identifying risks inherent to the industry, providing creative solutions, and negotiating great terms for our company in long-term agreements.

Key clients

Shandong Hi-Speed Group


China State Construction and Engineering Company Ltd

Sinochem Capital Management Hong Kong

South Banat Biogas Energy Hazelnut

Work highlights

  • Advised Shandong Hi-Speed Group on the €300m concession for the construction, operation and maintenance of a motorway.
  • Advised Siemens Mobility on the design and installation of a system for the adaptable management of traffic light signals in Belgrade.
  • Advised on European Federation of Energy Traders agreements.

NKP Law office

Established in 2019, NKP Law office comprises partners Jovan Nikcević (former senior lawyer at Baklaja Igric Tintor Law Office); Vlado Kapor (previously at Energoprojekt); and Danilo Perović, who joined from Project Implementation Unit, Research and Development (a public sector organisation). The team is experienced in energy, construction and infrastructure projects, both in Serbia and Montenegro, as well as internationally.

Practice head(s):

Jovan Nikcević

Other key lawyers:

Vlado Kapor; Danilo Perović


Great knowledge of very sophisticated matters involving the energy and construction industries.

A responsive and dedicated approach that is effective, and the ability to take responsibility for their legal advice.

Dedicated experts who cover a wide range of different legal aspects. Their opinions and advice are well thought out, profound and focused on problem solving.

The team is highly organised and experienced; it combines a recognised and proven approach with a completely innovative and modern way of resolving legal issues.

The experience that Jovan Nikcević brings to the local market is of benefit for all International Federation of Consulting Engineers (FIDIC) practitioners in Serbia.

We would like to highlight Jovan Nikcević’s knowledge and experience. He is a brilliant negotiator and contract manager, who handles complex projects perfectly.

Vlado Kapor is a reputable expert, whose experience enables him to anticipate all the potential issues that can arise during a project’s development.

Danilo Perović has excellent knowledge and is of great support to our projects.

Key clients

Beo Clean Energy

SUEZ Vinca Operator

ITOCHU Corporation


MONTAVAR Metalna Lola

GCL Inteligent Company Limited

Kodar Energomontaza

MAMS Energy

3 LITE Belgrade, Serbia





Energetski Kompleks Kovin


Merlin Centar

Energo Rwanda Ltd

Energo Nigeria

Work highlights

  • Advised Beo Čista Energija, an SPV comprising global utility company SUEZ, Japanese conglomerate Itochu and pan-European equity fund Marguerite Fund, on a €370m sustainable landfill and energy-from-waste facility project.
  • Advised a Belarussian company, which constructs gas pipelines and gas-related facilities, on its subcontractor’s role on the Turkish Stream gas pipeline project.
  • Advised Montavar Metalna Lola, a specialist in piping and welding, on a contract for the prefabrication and installation of a delayed coker unit project.

Prica & Partners

Providing 'legal advice at the highest level', Prica & Partners handles both regulatory and transactional matters for large domestic and international energy and construction companies, as well as major project developers and investors. Ana Čalić Turudija is a specialist in energy, infrastructure and project development, and Danica Gligorijević is an energy project development and finance expert.

Practice head(s):

Ana Čalić Turudija; Danica Gligorijević

Other key lawyers:

Jovana Obradović


The professionalism of the lawyers at this law firm makes them stand out, and they provide legal advice at the highest level.

All the individuals are very efficient in solving problems and are very fast to reply.

Key clients

MET Holding AG

CJR Renewables

Hrvatske Elektroprivrede (HEP)

Ayen Energy Trading

Enel Trade SpA

Alpiq Energy SE

Istrabenz Plini

Shell Adria

МVM Partner Zrt.


European Federation of Energy Traders (EFET)

Work highlights

  • Assisted MET Holding AG, a shareholder in Wind Park Plandiste (WPP), with the extension of WPP’s preliminary privileged power producer status.
  • Assisted Enel Global Trading with obtaining a wholesale electricity trading licence in Serbia.
  • Assists Turkey’s Ayen Energy Trading with its daily business operations.

RAJIĆ Law Office

Established in 2014, boutique law firm RAJIĆ Law Office is highly regarded  for its expertise in significant oil and gas projects, as well as renewables, electricity, energy licensing and mining. The team's scope of expertise also covers real estate, construction, environmental and transportation issues. Managing attorney Jovan Rajić is the firm's principal contact.

Practice head(s):

Jovan Rajić

Stankovic & Partners (NSTLAW)

Stankovic & Partners (NSTLAW) acts for multinationals, domestic companies and public sector organisations on a range of matters, including project development, procurement, corporate transactions and project financing. The broad practice of Nenad Stankovic includes energy and infrastructure developments, project finance and corporate transactions, and he has notable mining and minerals sector experience.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Sara Pendjer; Tijana Kovacevic; Mitar Simonovic

Key clients

European Bank for Reconstruction and Development

Veolia Water Solutions & Technologies

Work highlights

  • Advised Veolia on a public-private project with the Municipality of Vrbas, which involved the management and maintenance of a waste-water treatment plant.
  • Acted in relation to arbitration proceedings against the Republic of Serbia for the violation of the bilateral investment treaty between Serbia and Bulgaria, which related to the purchase of 70% of Kovin Coal Mine’s capital.
  • Advised one of the largest TV stations in the Republic of Northern Macedonia on its investment in real estate projects in Serbia.