Schoenherr North Macedonia > Belgrade, Serbia > Firm Profile

Schoenherr North Macedonia

Serbia > Banking and finance Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has an enviable track record in restructurings, public takeovers, acquisition and project finance, property development, and investment-grade corporate lending. Co-heading the group are banking and finance, capital markets, and restructuring and insolvency specialist Nikola Babić and Matija Vojnovic, a capital markets and corporate finance expert. The second line of key advisers includes ‘skilled negotiatorVojimir Kurtić and attorneys at law Jovan BarovićJelena Arsić and Dušan Obradović.

Practice head(s):


They really know what they are doing in capital markets deals and their associates are top notch.

I really admire the team’s ability to find legal solutions for extremely complex transactions.

They are fast, accurate and competent.

Nikola Babić is available 24/7, knows matters inside out and is 100% reliable.

Vojimir Kurtić is a fantastic lawyer and skilled negotiator. He is very knowledgeable and able to look at transactions from different angles.

Great cooperation from Matija Vojnovic and Jelena Arsic. They are always available, very up do date, efficient and transparent. In addition, they have great knowledge of both the legal issues and commercial aspects – I would definitely recommend them.

Jelena Arsić is an excellent lawyer – very reliable and solutions oriented, and gives the best legal advice no matter how complex the transaction is.

Dušan Obradović is an outstanding banking and finance law professional. He manages complex financing deals successfully and with ease, and I believe that he will accomplish great things in his career given the knowledge and professionalism he already has.

Key clients

Deutsche Bank

UniCredit Bank

Credit Suisse International


National Bank of Greece

Renaissance Capital

Erste Bank

Banca Intesa

HETA Asset Resolution

Bank Of Cyprus

The European Bank for Reconstruction and Development

International Swaps and Derivatives Association

Société Générale

OTP Bank


PNB Paribas (Suisse)

Magyar Export-Import Bank

Raiffeisen Bank International

Citigroup Global Markets

VTB Bank (Europe) SE

Deutsche Bank

J P Morgan Securities

Sun Valley

Oaktree Capital Management (UK)

Victoria Oil (Serbia)

Work highlights

  • Advised a syndicate of major regional and international banks on a €125m project financing for the development of one of the region’s largest shopping malls.
  • Advised J P Morgan Securities, Deutsche Bank (London Branch), UniCredit Bank and BNP Paribas on the issuance of $1.2bn notes by the Republic of Serbia.
  • Advised Export-Import Bank of China on the Serbian law aspects of a facility agreement pursuant to which loans are to be granted to the Republic of Serbia to construct a district heating pipeline.

Serbia > Commercial, corporate and M&A Tier 1

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):


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.

Serbia > Competition Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherrhas an outstanding team of competition law experts‘. The sizeable team in Serbia advises on the full spectrum of competition law-related matters, including investigations, merger control proceedings, follow-on damages actions, competition law compliance and state aid. Heading the firm’s EU competition practice group for the Balkans region, Srdjana Petronijević has a strong track record in high-profile, multi-jurisdictional merger control proceedings. Danijel Stevanović advises on competition law matters in Serbia and several other countries in the region, while attorney at law Zoran Šoljaga is also a competition specialist.

Practice head(s):


I have cooperated with several distinguished legal offices in my previous and current work, but without any doubt I was the most satisfied with this firm.

They are simply different. Tailor-made advice from very smart, completely dedicated lawyers – great preparation and experience.

The firm has an outstanding team of competition law experts.

They really stand out from other offices for their expertise, experience and the number of antitrust lawyers in the team. We appreciate their professional dedication and detailed assessment of every competition law issue that we have. We also highly value the fact that they are practical, pragmatic and client focused.

All experiences with this firm are really exceptional, especially with Srdjana Petronijević, who is smart, dedicated, very cooperative, and displays out-of-the-box thinking.

Srdjana Petronijević is an excellent team leader, and a person who is easy to reach and to work with. She is able to provide practical solutions for complex matters, and communicate competition law concepts in an understandable way. I really love working with her!

Danijel Stevanović is a highly accomplished practitioner.

Zoran Šoljaga has unique experience and knowledge that distinguishes him from other lawyers. Besides being knowledgeable, he is also easy to deal with and really comprehensive in everything he does. It is always a pleasure working with him.

Key clients

Fiat Chrysler Automobiles





Japan Tobacco International

Intesa Sanpaulo Bank










Unicredit Group


Oaktree Capital


Pepsico Group

L’Oréal Group

Work highlights

  • Successfully assisted Fiat Chrysler Automobiles with obtaining merger control approval from the Serbian Competition Authority for its merger with Peugeot.
  • Advising Nike and Converse on distribution policies in the region.
  • Represented Japan Tobacco International in a landmark investigation into an alleged cartel between tobacco manufacturers.

Serbia > Dispute resolution Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s strong track record encompasses investment arbitration along with representing companies, states and state entities in international commercial arbitration. The team also handles disputes relating to construction projects, insolvencies, and labour and energy law. Jelena Bezarević Pajić focuses on international commercial and investment arbitration; Nataša Lalatović Đorđević acts in commercial and corporate litigation, and investment and commercial arbitration; and Slaven Moravčević‘s recent experience includes representing the State of Montenegro in arbitration proceedings. Tanja Šumar, Vanja Tica and Hristina Todorovic are key attorneys at law.


The best on the market.

The team has all the skills needed for this practice – diversity, experience, and understanding of the needs of clients.

Great knowledge and experience.

All the lawyers stand out for their expertise, knowledge and seriousness in solving all required tasks.

They show high levels of knowledge.

Nataša Lalatović Đorđević and Matija Vojnović have great skills, and manage to grow and lead teams that have the same credentials.

Nataša Lalatović Đorđević has professional and human qualities that every lawyer should possess.

Key clients

State of Montenegro

Elektroprivreda Srbije

United Group

Adria Serbia Holdco

Serbia Broadband – Srpske kablovske mreže

UniCredit Bank

Alma Quattro

Rio Tinto


Wiener Stadtische

Lincoln Electric

Global Dominion

Millet SAS


Anadi Bank

Mera Investment Fund

Capital Estate

Energoprojekt Oprema

Lidl (Serbia)

NLB Bank



Work highlights

  • Acted for the State of Montenegro in seven major arbitration proceedings.
  • Successfully assisted Zelena, Energo-Zelena, Kunsttrans and Mera Investment Fund with three investment arbitration proceedings against the Republic of Serbia.
  • Acting for United Group and Alma Quattro in two investment treaty cases against the Republic of Serbia.

Serbia > Employment Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s labour and employment practice consistently works alongside the firm’s well-established corporate and M&A group, particularly to advise on the employment law aspects of major transactions. It also has a strong track record in assisting blue-chip international and national clients with the commencement and termination of employment relationships. Heading up the practice, Marija Vlajkovic handles both day-to-day employment issues and labour disputes, and attorney at law Bojan Rajic is a specialist in contracts and employment investment incentives.

Practice head(s):

Other key lawyers:


The firm will always try to find a solution that best fits your industry and your business, while at the same time ensuring compliance with legislation.

I commend their dedication and willingness to listen to us and understand our rather unique position in the Serbian market.

Key clients


United Group


SAP West Balkans





Nepi Rockastle

Phoenix Group

Crowe Horwath





RP Global

Work highlights

  • Assisted OMV with the introduction of working from home due to the Covid-19 pandemic.
  • Advised Quest Software on the Serbian labour law aspects of its acquisition of Apex SQL.
  • Advised Sitel on regulating its internal set-up for working from home due to the Covid-19 pandemic, including the preparation of a rulebook.

Serbia > Projects and energy Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s sizeable energy practice advises on both international and domestic transactions, development projects, M&A and privatisations. Other areas of expertise range from PPPs, regulatory work and public procurement to competition law and disputes. Miloš Laković is a renewable energy project specialist; name partner Slaven Moravčević specialises in energy, real estate, and corporate and M&A matters in this field; and corporate and M&A leader Matija Vojnović‘s track record includes advising on major energy projects. Attorney at law Aleksandra Petrović also assists with significant energy and industrial projects.

Practice head(s):


The firm provides a continuously excellent service.

Demonstrated good quality, top expertise, full engagement, absolute reliability and flexibility – qualities that are important to clients.

I can rely on the firm’s lawyers, who offer the best solutions and are always responsive, no matter what time of the day an urgent request may come their way.

Comprehensive knowledge, perfect analysis, an analytical attitude, and the ability to offer innovative solutions.

This team has proven its expertise in energy projects, both regionally and worldwide.

Slaven Moravčević is an excellent professional, and obviously skilful and experienced. He has a deep knowledge of different sectors and regulated industries, and applies this to his day-to-day work. He is also very pleasant to work with.

Miloš Laković and Aleksandra Petrović are deeply devoted to their work and always available. They are also sharp thinkers, good listeners and even better advisers – they hit the nail on the head in most situations and provide excellent solutions.

Miloš Laković and Aleksandra Petrović are great for the quality of their work, accuracy and responsiveness.

Key clients

Serbian Ministry of Mining and Energy


JP Elektroprivreda Srbije



Rio Tinto


Carlyle Group

RP Global



Taaleri Finland

Elektroprivreda Crne Gore

Shanghai Electric Power

City of Belgrade

Energy Community




New Power Generation International

University of Belgrade – Faculty of Transport and Traffic Engineering

Serbian Agency for Road Traffic Safety

Work highlights

  • Advising the Serbian Ministry of Mining and Energy and the European Bank for Reconstruction and Development on setting up an incentive scheme for electricity produced from renewable sources in Serbia.
  • Advising Rio Tinto on the development of the large Jadar mining project in Serbia, including the regulatory aspects.
  • 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.

Serbia > Real estate and construction Tier 1

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s ‘outstanding‘ real estate department is routinely instructed on headline commercial property mandates. Its key areas of focus cover shopping and retail centres, office buildings and infrastructure construction. The group’s practitioners are also experts in FIDIC-based construction matters, in addition to distressed real estate. Co-heading the team are retail sector expert Ivan Pantović and real estate development project specialist Slaven MoravčevićIvana Panić is a construction expert, while Dijana Grujić is a ‘very responsive‘ attorney at law.

Practice head(s):


The team is outstanding – highly skilled professionals with great negotiating skills.

The firm has great experience and know-how and specialised departments for different aspects of law, which makes them easy to work with. In addition to their legal knowledge, they have amazing awareness of changes in the market and how the relevant Serbian authorities work, which is very important for doing business in Serbia.

MVP creates teams to match clients’ needs, and within the estimated financial limits.

Good sound knowledge of FIDIC and how it applies in the region.

Ivan Pantović is an excellent lawyer, who pays great attention to details and is very competent. I really admire his responsiveness and availability.

Ivana Panić is a role model as a team leader, with a good sense for workload distribution and control of the goals to be achieved.

Both Ivan Pantović and Ivana Panić are outstanding professionals in the field of real estate and construction. Their advice is always technically impeccable, but at the same time shows excellent business acumen, which is rare to find in real estate and construction lawyers in Serbia.

Dijana Grujić is very responsive – her comments are essential and straight to the point, and she is able to work under time pressure. We like working with her.

Key clients




NEPI Rockcastle


AmRest Holdings

The European Bank for Reconstruction and Development


Hidroelektrana Dabar

Xprimia Group

Work highlights

  • Advising Immofinanz on all aspects of the STOP SHOP portfolio development in Serbia.
  • Advised OMV on the acquisition of over 70 locations in Serbia for the purpose of developing petrol stations, including the reconstruction of existing petrol stations.
  • Advising the EBRD on the development and potential financing for the construction of the main bus terminal/station in Kragujevac.

Serbia > Intellectual property Tier 2

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s ‘outstanding‘ IP department has a particularly strong track record in media-related matters. Typical work ranges from trade mark registrations to advising on technically challenging issues including illegal streaming, online infringements and IP disputes. The team also assists with IP portfolio-related matters, including unfair competition and the IP aspects of transactions. IP and unfair commercial practices specialist Andrea Radonjanin advises several high-profile international clients, such as Beiersdorf, United Group and OMV, on IP and IT issues in the region. Andrej Zoric and Magdalena Petreska are key associates.

Practice head(s):

Other key lawyers:


The practice is really unique. The team has deep knowledge, and delivers tailored and pragmatic legal advice with a very concise and understandable approach.

An outstanding team on both the technical and legal side.

They have excellent expertise and know how to negotiate.

What is very important to us is that, thanks to their size, they have the capacity to handle different deals and cover all aspects of transactions.

Andrea Radonjanin is a brilliant and creative lawyer, who is very commercially minded and always responds to clients’ needs.

Andrea Radonjanin is one of the best IP lawyers that I have worked with. I really admire her expertise and ability to offer the best solutions to complex transactions.

Andrea Radonjanin has expert knowledge of various IP matters, and I always feel that our IP work will be handled perfectly by her. I am always impressed with the level of legal, technical and commercial insight that Andrea demonstrates.

Andrej Zoric is very reliable and knowledgeable.

Key clients


United Group

United Media

Alliance for Creativity and Entertainment


Laboratoires La Prairie

Maggie Sottero Designs




Rio Tinto




Rhythm & Blue


Work highlights

  • Advising Rio Tinto Group on IP-related matters.
  • Acting as general counsel in relation to the Serbian IP portfolio of OMV.
  • Acting for a group of companies, including United Media, SBB, Grand and other major television channel and movie producers in the Balkans region, on illegal streaming of their copyright content through IPTV platforms.

Bosnia & Herzegovina > Banking, finance and capital markets Tier 2

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s team has strong banking expertise, advising a combination of regional and domestic clients. Project financing is a core area of expertise for the group, and it is particularly involved in energy projects. Beyond that, it is able to advise lenders on key investments. Matija Vojnovic leads the team from Belgrade. Key in Sarajevo is junior partner Minela Šehović.

Practice head(s):

Matija Vojnovic

Other key lawyers:

Minela Sehovic; Jelena Arsić


‘Their banking and finance practice is the best in the region. They have a multi-disciplinary team of highly experienced lawyers. I love working with them. They always offer seamless cross-border solutions.’

‘Matija Vojnovic is an outstanding lawyer who is very sharp and supportive. The combination of his wealth of experience and creative approach always brings the best results.’

‘Jelena Arsic is a great lawyer, fluent in international financial and corporate law matters. Her advice is always insightful, she is great in finding solutions and delivers a high-quality product.’

‘Minela Sehovic is very knowledgeable and experienced lawyer with excellent market knowledge.’

‘I appreciate the team’s professional and innovative approach and ability to handle all matters, especially complex, landmark financial transactions in the region. They get the deal done and give decisive guidance, they are an extremely well-organized team.’

‘Matija Vojnovic is the leading banking and finance and corporate lawyer in the region. I particularly appreciate his commercial approach to transactions.’

‘Jelena Arsic leads all transactions we have been working on, she is one of the best finance lawyers I worked with. She is commercial in her approach, tries to understand the commercial background and is also able to get into the technical details. She delivers excellent results.’

‘Minela Sehovic is a very good lawyer with significant experience in financial and corporate law matters.’

Key clients




VTB Bank (Europe) SE

Hidroelektrana Dabar

United Group

Wiener Insurance Vienna Insurance Group a.d



Work highlights

  • Advising Hydro Power Plant “Dabar” on all financing matters concerning the 160 MW hydropower plant “Dabar.”
  • Advising VTB Bank (Europe) SE on the refinancing of its €100m loan to Poslovni sistem Mercator d.d.
  • Advised UNIQA insurance group on the streamlining of its group structure to improve the efficiency of the management of the group.

Bosnia & Herzegovina > Commercial, corporate and M&A Tier 2

Moravcevic Vojnovic and Partners in cooperation with Schoenherr's serves a mix of local and international clients, with a particular emphasis on multijurisdictional transactional matters. Industry expertise includes pharmaceuticals, energy, real estate and financial services. Minela Šehović is a key name to note in Sarajevo, advising on market entrances and M&A matters. Associate Azem Ahmic is also noted. Matija Vojnovic and Luka Lopičić lead the team from Belgrade.

Practice head(s):

Other key lawyers:


‘Minela Sehovic is covering all corporate law matters locally, it is always a pleasure to work with her. She is an experienced lawyer, and she knows how to handle any matter in understandable way and with a practical approach.’

‘People collaboration’

‘The team has all skills needed for the practice – diversity, experience, understanding of the needs of clients – social skills needed for such processes; all this built on a strong knowledge and experience.’

‘The team is very good. They operate by high international standards and are widespread across the region thus having excellent people in the international team, and they always invest in people. That is their main strength.’

‘Matija Vojnovic leads an outstanding M&A team that he built from scratch over the past decades in a challenging market – he always looks for new talents and involves them in the business – most valuable in times where every firm looks for talent, is the ability of the firm to establish long term co-operations with the team so that the law firm, team and client grow hand in hand.’

‘Matija Vojnovic is one of the most prominent corporate/M&A experts in the region. He always delivers high-quality legal input and specialised advice and can handle any complex transactional work.’

‘Luka Lopicic is a very professional lawyer, straight to the point and very hard working. I admire his commitment and pragmatic guidance.’

Key clients

Phoenix Pharma


Getinge Group

Hidroelektrana Dabar d.o.o. Trebinje

Javno preduzeće Elektroprivreda Republike Srbije (JP EPS)

Tom Tailor GmbH

Salvado Investment Corp

Partnera Oyj


Work highlights

  • Advised Endava on the acquisition of Comtrade Digital Services.
  • Advising Elektroprivreda Srbije on the construction of three hydro plants on the river Drina.
  • Advised Partnera Oyj on the acquisition of Finnish limited liability company KPA Unicon Group Oy.

Bosnia & Herzegovina > Competition Tier 2

Moravcevic Vojnovic and Partners in cooperation with Schoenherr offers clients looking to do business in Bosnia competition advice from its Belgrade and Sarajevo offices. The team serves a mix of local and regional clients, with a particular emphasis on providing merger control support, foreign direct investment advice, and offering contentious support in certain matters. Srdjana Petronijević leads the team from the Belgrade office. Also key are Minela Šehović and Azem Ahmic, both of whom are based in Sarajevo.

Practice head(s):

Srdjana Petronijević

Other key lawyers:


‘People and collaboration.’

‘They are truly excellent, very knowledgeable and responsive. The team has high commercial awareness and deep knowledge of our business.’

‘I really love working with them because I know that they will handle any obstacle with ease.’

‘The team has consistently been a great support to us over the years. They have a strong knowledge and innovative approach in handling any project.’

‘The advice they provided us with was excellent. It was delivered in a coherent and systematic way, which made it very easy for us to understand all aspects of the competition aspect of our project. Both jointly and individually they provide outstanding advice.’

‘Minela Sehovic, amazing potential!’

‘Srđana Petronijević – I think she is an outstanding lawyer, extremely insightful and skilled. Given her strong and long-standing experience, she is without a doubt an authority on competition law in the region. Her advice is always clear, precise and quick, and we value that greatly.’

‘Minela Šehović – I see her as a valuable attorney with impressive knowledge and capability. She is a great asset to Schoenherr’s competition team and to their on-spot practice in Bosnia altogether. Minela is a talented lawyer who has been a great support whenever we would need assistance in Bosnia.’

Key clients

Elektroprivreda Srbije

RIDG Holding

Thales Group

Phoenix Pharma

Direct Media

UniCredit Bank d.d. Mostar, Unicredit bank a.d. Banja Luka

Triglav Osiguranje

Getinge Group

Hidroelektrana Dabar d.o.o. Trebinje

Teva Pharmaceutical Industries

CIAK Group

Siemens AG Group




Work highlights

  • Advising Elektroprivreda Srbije on the construction of three hydro plants on the river Drina.
  • Advised Siemens AG Group and its subsidiary Siemens Healthineers Holding I GmbH on the acquisition of Varian Medical Systems.
  • Advising NIKE and Converse on their distribution policy in the region.

Montenegro > Leading firms

Moravcevic Vojnovic and Partners in cooperation with Schoenherr's key areas include corporate and M&A deals, banking and finance, financial services regulatory work, project development and dispute resolution. It also assists with multi-jurisdictional IP issues, as well as acting in merger control proceedings before the Montenegrin Competition Authority. The principal Podgorica practitioners to note are attorney at law Ana Vukčević, a key member of the energy, corporate, M&A, dispute resolution, and healthcare and life sciences practice groups; and associates Luka Veljović and Petar Vučinić. Belgrade-based Slaven Moravčević leads the practice.

Practice head(s):


A team of experienced and skilled lawyers providing high-quality legal advice.

The team is clearly skilled in handling challenging, high-end, legal matters that have high levels of complexity.

Lawyers with a sharp and yet easy-going mindset, getting right to the point when analysing complicated legal issues.

The best law firm in the region – that is why we have a long-lasting collaboration.

Their know-how, practical knowledge and dedication to the client make them one of a kind.

Capable of smoothly handling various daily issues at any time, because of the great structure of the team and availability 24/7.

Attorney at law Ana Vukčević is one of a kind. I admire how knowledgeable, skilled, detail oriented, and approachable she is.

Ana Vukčević is a fast thinker and very intuitive in business, so I can easily trust her decisions.

Key clients

State of Montenegro


Shanghai Electric Power

ICBC Austria Bank

Mozura Wind Park

Elektroprivreda Crne Gore


United Group

Enel Global Trading

Deutsche Bank

Citigroup Global Markets

Erste Group Bank

Merrill Lynch International

Société Générale

The Ministry of Transport and Maritime Affairs of Montenegro

UNIQA Insurance Group

UNIQA Österreich Versicherungen

Raiffeisen Bank International


Hydra Brokerage

Société Générale

Atena Bohor

Novi Volvox

Zenith Electronics

Luxoft USA

Generali CEE Holding

Siemens Healthineers


AB Volvo

Work highlights

  • Counsel to the State of Montenegro (and related agencies) in arbitrations and litigation, which were commenced by CEAC Holdings in relation to the privatisation and shutdown of Kombinat Aluminijuma Podgorica (Montenegrin aluminium plant).
  • Advised various banks as joint lead managers (Citigroup Global Markets, Erste Group Bank, Merrill Lynch International and Société Générale) on the issuance of a €750m bond by the State of Montenegro.
  • Advising Fortum and Elektroprivreda Crne Gore on the development of a 200MW solar power plant.

Bosnia & Herzegovina > Projects and energy

Moravcevic Vojnovic and Partners in cooperation with Schoenherr's team has been heavily involved in hydroelectric power projects, advising a number of public sector bodies on drafting, financing and transactional matters. Sarajevo-based Minela Šehović is particularly noteworthy for her advice to international investors. Belgrade-based practice head Matija Vojnovic is 'an outstanding regional leader for projects in the renewable sector'.

Practice head(s):

Matija Vojnovic

Other key lawyers:


‘Their experience extends across the full breadth of both traditional and renewable energy projects.’

‘They have an extensive network of offices and are able to deliver excellent local knowledge.’

‘The team consists of professionals with whom I have been successfully working for several years.’

‘The team is always available, also on short notice, and always delivers excellent work.’

‘Experienced people with a lot of background knowledge and a hands-on approach.’

‘For complex and multi-jurisdictional matters, we mostly turn to Schoenherr. The team is excellent, reliable, always up to date with the trends in the market, and this is why I love working with them. The projects we have been working on are usually cross-border and their expertise never disappoints.’

‘They have strong knowledge and an innovative approach in handling any project. They are brilliant lawyers, always providing insightful advice, both commercial and practical. All members of the team we work with have the in-depth industry knowledge and easily deal with complex and cross border projects.’

‘Matija Vojnović is an outstanding regional leader for projects in the renewable sector. He is a forward thinker, who understands our business and whose advice is always precise and straightforward. He will find a way to solve any issue no matter how complex it is.’

Key clients

Hidroelektrana Dabar d.o.o. Trebinje

Elektroprivreda Srbije

Azvirt Limited Liability Company

Partnera Oyj

Work highlights

  • Advising Dabar HPP and ERS on the €220m contract for the construction and financing of the 160 MW power plant on river Trebisnjica.
  • Advising Elektroprivreda Srbije on the construction of three hydro plants on the river Drina.
  • Advised Partnera Oyj on the acquisition of a Finnish limited liability company KPA Unicon Group Oy.

The firm: Schoenherr is a leading full service law firm, with 15 offices and several country desks in the Central and Eastern Europe. As one of the first international law firms to move into CEE/SEE, the firm has grown to be one of the largest firms in the region.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has been active on Serbian market since 2002. With a team of more than 50 lawyers, it is among the largest law firms in Serbia. In addition to the Serbian practice, Moravcevic Vojnovic and Partners in cooperation with Schoenherr is frequently engaged in Bosnia and Herzegovina and Montenegro and North Macedonia. This combination makes the firm exceptionally well suited for cross-border or multi-jurisdictional investments and transactions in the West Balkan countries.

Areas of practice: The firm’s main practice areas are corporate, mergers and acquisitions, banking and finance, real estate, dispute resolution, competition, compliance and white collar crime, labour and employment, intellectual property IT and life sciences, insolvency and restructuring, insurance, regulatory and energy.

Among the firm’s frequent clients are companies from the telecommunication, banking, insurance, construction, oil and gas retail, real estate development and IT industries. The firm acts for governments and governmental bodies, investors/contractors, sellers/buyers, employers, developers, engineers, architects and other stakeholders and thus has experience in handling and protecting these different interests, giving the firm’s lawyers particular insight into the opportunities and risks relevant to any project. The firm has played a major role as legal advisor in many of the high profile deals of recent years in Serbia, Bosnia and Herzegovina, Montenegro and Macedonia.

Banking, finance and capital markets Nikola Babic
Banking, finance and capital markets Petar Kojdic
Compliance and white collar crime Srdana Petronijevic
Corporate/M&A Matija Vojnovic
Corporate/M&A Luka Lopicic
Dispute resolution Jelena Bezarevic Pajic
Dispute resolution Nataša Lalatovic Dordevic
EU and competition Srdana Petronijevic
Insolvency and restructuring Nikola Babic
Insolvency and restructuring Petar Kojdic
Insurance Matija Vojnovic
Insurance Srecko Vujakovic
IP, IT and life sciences Andrea Radonjanin
Labour and employment Marija Zdravkovic
Labour and employment Nataša Lalatovic Dordevic
Real estate Slaven Moravcevic
Real estate Ivan Pantovic
Regulatory and energy Miloš Lakovic
Number of lawyers : 52
Other offices : Austria (HQ)
Other offices : Belgium/EU
Other offices : Bulgaria
Other offices : Croatia
Other offices : Czech Republic
Other offices : Hungary
Other offices : Moldova
Other offices : Montenegro
Other offices : Poland
Other offices : Romania
Other offices : Slovakia
Other offices : Slovenia
Other offices : Turkey
Other offices : Albania
Other offices : Bosnia & Herzegovina
Other offices : North Macedonia
Other offices : Ukraine

Schoenherr advises CA Immo on sale of Romanian platform

Schoenherr advised Vienna-based property company CA Immobilien Anlagen Aktiengesellschaft ("CA Immo") on the sale of its Romanian portfolio to Romanian investment entity Paval Holding.

Schoenherr advises Greiner Packaging on acquisition of ALWAG

Schoenherr in cooperation with Moravčević Vojnović and partners advised Greiner Packaging International GmbH (Greiner) on all legal aspects of its 100 % acquisition of Serbian PET flake producer ALWAG DOO NOVA GAJDOBRA from ALING-CONEL d.o.o. Gajdobra (Serbia) and REIWAG Facility Services GmbH (Austria).

Austria/CEE: Schoenherr advises on the sale of significant parts of Kontron Group’s IT services business in eleven countries for EUR 400m

Schoenherr advised stock exchange listed technology group Kontron AG (formerly S&T AG) on the sale of significant parts of Kontron Group’s IT services business to VINCI Energies S.A. in the course of a competitive auction process for a purchase price of approx. EUR 400m.

Schoenherr advises NEXI on signing agreement with Intesa Sanpaolo regarding merchant acquiring business in Croatia

Schoenherr advised NEXI S.p.A. ("NEXI") on reaching an agreement with Privredna banka Zagreb d.d. ("PBZ Bank") and PBZ Card d.o.o. ("PBZ Card"), a Croatian company indirectly controlled by Intesa Sanpaolo S.p.A., to purchase PBZ Card’s merchant acquiring business in the Croatian market, for consideration of EUR 180m.

Austria: Schoenherr advises Caverion on acquisition of PORREAL Group

Schoenherr advised Caverion Österreich GmbH on acquiring all shares in PORREAL GmbH in Austria, also including its subsidiary ALEA GmbH (together "PORREAL Group").

Schoenherr advises technology service provider ARZ in Austria on acquisition by Accenture

Schoenherr advised ARZ Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria, on its acquisition by Accenture.

Austria: Schoenherr advises MedAustron in EIA milestone of fourth treatment room at centre for ion therapy and research and receiving operating permit

Schoenherr advised the Austrian cancer treatment and research centre MedAustron in the environmental impact assessment for the commissioning of a fourth treatment room.

Austria: Schoenherr advises Storyblok on USD 47m Series B financing

Schoenherr advised the Austrian scale-up Storyblok on its Series B financing worth USD 47m, one of several major transactions in the Austrian start-up scene on which Schoenherr has advised in the recent past.

Schoenherr advises HS Timber on the acquisition of Luvian Saha (Finland)

Schoenherr advised Austrian HS Timber Group on the acquisition of Luvian Saha Oy, one of the largest private sawmills in Finland, from private owners. The transaction closed on 29 April 2022.

Schoenherr named “CEE Wide Law Firm of the Year” by Chambers and Partners

Schoenherr won the "CEE Wide Law Firm of the Year" award at this year's Chambers Europe Awards Gala hosted by the renowned legal publisher Chambers and Partners.

Schoenherr advises HS Timber Group and Blue Minds on the sale of Interfloat to Borosil Renewables, Limited, India

Schoenherr advised Austrian HS Timber Group and Blue Minds on the sale of Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH to Borosil Renewables Ltd, listed on the Indian Stock Exchange. The transaction agreement was executed on 25 April 2022. Closing is expected in the first half of 2022 and is still subject to the fulfilment of customary regulatory approvals.

Schoenherr advises S&T AG on voluntary partial public takeover offer

Schoenherr advised S&T AG, an Austrian company listed on the Frankfurt Stock Exchange, in connection with the voluntary partial public takeover offer by grosso tec AG (Germany) on issues of Austrian law. Hogan Lovells advised S&T AG on German law issues.

Schoenherr named Austria M&A Legal Adviser of the Year by Mergermarket

Schoenherr was awarded the "Austria M&A Legal Adviser of the Year" by Mergermarket at the European M&A Awards Gala on 31 March 2022.

Schoenherr advises IMMOFINANZ supervisory board in bidding contest between CPI Property Group and S IMMO

Schoenherr advised the supervisory board of Austrian IMMOFINANZ AG in connection with the two competing takeover bids by CPI Property Group SA and S IMMO AG.

Schoenherr advises Herba Chemosan board on management buy-out

Schoenherr has advised the board of the Austrian pharmaceutical wholesaler Herba Chemosan Apotheker-AG (Herba Chemosan) on the recent management buy-out (MBO).

Schoenherr advises RGREEN INVEST on unique EUR 15m green bond to finance photovoltaic plant in Bulgaria

Schoenherr advised RGreen Invest, a French management company representing a fund for green energy projects, on a EUR 15m bond to finance the construction of a photovoltaic plant near the town of Razlog in southwestern Bulgaria, as well as on a standard security package for it. The bond's issuer is a member of the Renalfa group, a leading Bulgarian clean energy and e-mobility provider with a focus on renewable energy generation assets.

Schoenherr advises Chaos on Bulgarian law aspects in merger with Enscape

Schoenherr advised Chaos, a global leader in photorealistic rendering technology, on the Bulgarian law aspects of its merger with Enscape, a leading developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries. 

Schoenherr advises Mayr-Melnhof Holz on acquisition financing for Bergkvist Siljan

Schoenherr supported the Austrian Mayr-Melnhof Holz group in the financing of its acquisition of Swedish sawmill group Bergkvist Siljan. 

Schoenherr strengthens Austrian team with four additional counsel promotions

Schoenherr recently announced the promotion of three equity partners and two contract partners effective 1 February 2022. This round of promotions has now been extended to include four new counsels: Sara Khalil, Iliyana Sirakova, Marco Thorbauer and Bojana Vareskic.

Schoenherr recognised as leading Austrian M&A Legal Advisor for 2021 by Mergermarket

Schoenherr has, yet again, been named top M&A legal advisor in the Austrian market by Mergermarket. For over a decade, Schoenherr has been leading the Austrian Mergermarket M&A league tables.

Schoenherr advises e-mobility start-up Easelink on EUR 8.3m financing round (Series A)

Schoenherr advised the Austrian high-tech company Easelink, a provider of automated electric vehicle charging solutions, on its EUR 8.3m Series A financing round.

Schoenherr advises Austrian unicorn Bitpanda on expansion of its product portfolio to include exchange traded cryptocurrencies

Schoenherr advised the Austrian fintech Bitpanda on the expansion of its product portfolio to include exchange traded cryptocurrencies. This product provides investors with easy access to crypto assets via a liquid financial instrument traded on a regulated exchange. 

Schoenherr advises Mirova and RP Global on sale and refinancing of onshore wind farms in Croatia

Schoenherr advised Mirova and RP Global on the sale of two onshore wind farms in Dalmatia, Danilo (44MW) and Rudine (34MW), to Professio Energia d.d. (DLPR, Zagreb Stock Exchange). Before the closing of this transaction, Privredna Banka Zagreb d.d., a member of Intesa Sanpaolo Group, refinanced loans provided by the IFC and UniCredit. Schoenherr acted as lead counsel to Mirova and RP Global on both the sale and refinancing transactions.

Schoenherr advises Managers on issue of EUR 1.5bln Mortgage Pfandbriefe by Erste Group

Schoenherr advised the Managers on the successful issue of EUR 750m 0.01 %. Mortgage Pfandbriefe due 2028 (AT0000A2UXM1) and EUR 750m 0.50 %. Mortgage Pfandbriefe due 2037 (AT0000A2UXN9) by Erste Group Bank AG.

Schoenherr advises PALFINGER AG on reversal of cross-shareholding with Sany

Schoenherr advised Palfinger AG, a leading provider of innovative crane and lifting solutions, on the reversal of the cross-shareholding with the SANY Group, a Chinese equipment manufacturing group.

Schoenherr advises UNIQA on successful issue of new EUR 375m green tier 2 notes and notes repurchase

Schoenherr advised UNIQA Insurance Group AG, one of the leading insurance groups in Austria and CEE, on its successful issue of new EUR 375m green tier 2 notes and concurrent repurchase of existing subordinated notes in the same principal amount.

Schoenherr advises on 360kompany AG’s sale, one of Austria’s biggest start-up exits

Schoenherr advised the RegTech start-up 360kompany AG and its shareholders on the sale to Moody’s Corporation, on what is purported to be one of the biggest exits in Austria's start-up scene to date.

Schoenherr advises Sanofi on acquisition of Origimm Biotechnology GmbH

Schoenherr advised Sanofi, a global leader in healthcare, on the acquisition of 100 % of the shares in Origimm Biotechnology GmbH, a private Austrian biotechnology company.

Schoenherr advises Slate Asset Management on acquisition of EUR 90m real estate portfolio

Schoenherr advised Slate Asset Management, a global alternative investment platform focused on real estate, on the acquisition of a portfolio of essential real estate assets in Austria and Slovakia for approximately EUR 90m.

Schoenherr advises Liechtenstein Group on EUR 40m investment in Tesvolt

Schoenherr advised the Liechtenstein Group on its investment in Tesvolt GmbH, a technology leader for energy storage in the commercial and industrial sector.

Schoenherr advises Aquila Part Prod Com on successful IPO worth EUR 74m

Schoenherr Romania advised Aquila Part Prod Com on the successful completion of an initial public offering ("IPO") for the sale of some 66.6m new shares, for a total price of approx. EUR 74m.

Schoenherr to strengthen leadership across Austria and CEE by appointing new equity and contract partners

Schoenherr will substantially strengthen its leadership by appointing new equity and contract partners across Austria and CEE effective 1 February 2022.

Schoenherr advises Sendinblue on acquisition of Metrilo

Schoenherr advised the leading French-based all-in-one digital marketing platform Sendinblue SAS on the acquisition of Metrilo OOD ("Metrilo"), a Bulgarian e-commerce metrics company, from its founders and several investors such as Speedinvest II International GmbH, LAUNCHub Fund Coöperatief U.A. and Eleven Capital AD. The advising team in Schoenherr's Bulgarian office advised on all major legal aspects of the transaction, including due diligence and negotiation of transaction documents.

Schoenherr advises Nice & Green S.A. on innovative convertible notes funding programme with Marinomed Biotech AG

Schoenherr advised Swiss investment firm Nice & Green S.A. on an innovative convertible notes funding programme (CNFP) with Vienna Stock Exchange listed Marinomed Biotech AG.

Schoenherr advises Joint Lead Managers on issue of EUR 250m covered bank bonds by Kommunalkredit Austria AG

Schoenherr advised the Joint Lead Managers on the successful issue of EUR 250m 0.01 % covered bank bonds due 2028 by Kommunalkredit Austria AG.

Schoenherr advises ZECH Bau Austria on acquisition of Implenia’s building construction business

Schoenherr advised ZECH Bau Austria GmbH, a German owner-managed construction company, on the acquisition of Implenia Baugesellschaft mbH's building construction business in Austria by virtue of an asset deal. The closing of the transaction is currently subject to merger control clearance.

Schoenherr advises P&I on the acquisition of 100 % of shares in VRZ

Schoenherr advised P&I Personal & Informatik GmbH on the acquisition of 100 % of the shares in VRZ Informatik Gesellschaft mbH (Dornbirn) and its sister company ThinkCreateAct AG (Switzerland). The transaction is currently subject to the condition precedent of regulatory clearance. With the acquisition of the VRZ Group, P&I AG is expanding its presence in Austria and Switzerland.

Schoenherr advises on top Bulgarian dental distributor transaction involving Abris Capital Partners

Schoenherr advised the owner and CEO of Dentatechnica EOOD, the largest distributor of dental equipment and consumables in Bulgaria, on a transaction with Dentotal (Romania), a subsidiary of Abris Capital Partners. Subject to competition authorities' approval, Dentatechnica will become part of Dentotal Group with the aim of creating a regional leader through organic growth and further consolidation of local markets in Romania and Bulgaria.

Schoenherr advises Wienerberger AG on the successful placement of 2.5 million treasury shares through accelerated bookbuilding

Schoenherr advised Vienna Stock Exchange listed Wienerberger AG, a leading international supplier of building materials and infrastructure solutions, on the EUR 81.25m placement of treasury shares with institutional investors.

Austria/CEE: Schoenherr advises UNIQA on the acquisition of AXA subsidiaries in CEE for EUR 1bln

Once again, Schoenherr has advised on a billion-euro transaction in the CEE region: An international Schoenherr team assisted UNIQA on the acquisition of AXA subsidiaries in the Czech Republic, Poland and Slovakia for a purchase price of around EUR 1bln.

Austria/CEE: Schoenherr further strengthens leadership with promotions

Schoenherr is strengthening the ranks of equity partner, contract partner and counsel with new promotions effective as of 1 February 2020. With Pawel Halwa and Thomas Kulnigg, Schoenherr promotes two longstanding Schoenherr experts to equity partners. Constantin Benes, Leon Kopecký, Günther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Bădescu, Mădălina Neagu and Miloš Laković are promoted to contract partners, and at counsel level, Dominik Hofmarcher and Clemens Rainer have moved up in the ranks.