Stankovic & Partners (NSTLAW) > Belgrade, Serbia > Firm Profile

Stankovic & Partners (NSTLAW)
NJEGOSEVA 19/II
11000 BELGRADE
Serbia

Serbia > Dispute resolution Tier 2

Stankovic & Partners (NSTLAW)‘s ‘first-class dispute resolution practice’ is particularly active in international arbitrations, including high-value investment treaty matters. The team’s wide-ranging sector knowledge covers digital technology, energy, natural resources, construction, real estate, financial services, life sciences, and food and drink. The dispute resolution practice of name partner Nenad Stankovic encompasses court litigation, arbitration, and other forms of ADR; Andrej Savin’s caseload includes international commercial arbitrations; and Sara Pendjer ‘stands out for disputes work’. Promoted to partner during 2023, Andjelka Radovanović handles high-stakes litigation at both national and cross-border levels.

Practice head(s):

Nenad Stankovic; Sara Pendjer

Other key lawyers:

Andrej Savin; Andjelka Radovanović; Mitar Simonovic; Luka Marosiuk

Testimonials

‘Τhe team is composed of dedicated professionals, who are up to date with the market, government policies and new trends, and always open to new challenges.’

‘Ready to address every single project with a fresh perspective. They are always reachable and responsive, and show clients on a daily basis how important the client and the matter is to them.’

‘The collaboration and connection they create with the client distinguishes them. Easy communication, great value per money, and very well-educated staff with high-level knowledge of local practices.’

‘Stankovic & Partners has a reputation both in Serbia and the surrounding region for its first-class dispute resolution practice.’

‘They always provide a skilled and supportive service, and clients feel that they can trust them with the largest and most complex of disputes.’

‘Nenad Stankovic has great vision. Professionalism and dedication at a high level.’

‘Nenad Stankovic is a most trusted professional adviser, with a remarkable talent for handling complex disputes with energy and flair.’

‘Sara Pendjer is now a key lawyer in the Serbian market – stands out for disputes work – recommended for her intelligence, excellent communication skills and strategic advice.’

Key clients

Rand Investments, Canada

Kalemegdan Investments Limited

Coropi Holdings Limited

Meggle

AIK banka (formerly Sberbank)

Proinvestments

Apatinska Pivara doo

Crveni signal

Brikel EAD

Kimberly group

Beauvallon

Hauzmajstor doo

PRO Alati SRB

Work highlights

  • Representing Rand Investments, along with several other claimants, in an international investment arbitration involving a breach of bilateral investment treaties between Canada and Serbia, and Cyprus and Serbia.
  • Acting in a €300m ICSID arbitration claim by real estate investor BRIF TRES (and its wholly-owned subsidiary BRIF T-C), arising from a new shopping centre in Belgrade and involving allegations of a breach of the investment treaty with the Belgium-Luxembourg Economic Union.
  • Representing Apatinska brewery in numerous dispute resolution matters.

Serbia > Banking and finance Tier 3

Stankovic & Partners (NSTLAW) team is regularly instructed on large and significant banking and finance matters in Serbia, with project finance a particular strength of the firm. International business law specialist Nenad Stankovic is an expert in banking and finance, including project finance, restructuring and insolvency issues. The practice further includes Andjelka Radovanović, a partner since early 2023, Sara Pendjer, whose ‘support is invaluable’, ‘really promising lawyer’ Luka Marosiuk, and Mitar Simonovic.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Testimonials

‘Outstanding in its commercial and pragmatic approach to providing legal assistance.’

’An excellent understanding of the way clients like to do business and their priorities. This is what really distinguishes the team from other law firms in Serbia.’

‘Nenad Stankovic – clients have an excellent relationship with him, built over many successful years of working together on substantial projects. Clients highly recommend his services.’

‘Sara Pendjer is a senior team member whose support is invaluable. She is always efficient, effective and excellent to deal with.’

‘Mitar Simonovic is a really talented up-and-coming member of the team who  gives valuable advice on a range of key matters.’

‘Luka Marosiuk is a really promising lawyer in the banking and finance arena – clients can rely on him for thoroughness and a keen appreciation of industry developments.’

Key clients

Beauvallon Europe S.A., SPF

Brif Tres doo Beograd

Brif-TC doo, Beograd

Teddy S.p.A.

British American Tobacco

Titantex SRL Unipersonale

Siemens

Scania Leasing

Edelweiss Balance AG

Apatinska pivara

Aelius SARL Luxembourg, affiliate of EMS SA

Galenika, affiliate of EMS SA

European Bank for Reconstruction and Development

Monster Energy

Celanova (group of companies)

NLB SRBIJA

Czech Export Bank

NLB SRBIJA

Czech Export Bank

Proleter Ivanjica AD

Hauzmajstor

Work highlights

  • Advised Beauvallon Europe S.A., SPF, a Luxembourg company with several subsidiaries in Serbia, on the financial situation of its Serbian subsidiaries, Brif Tres doo Beograd and Brif-TC doo, Beograd.
  • Acting for Czech export bank, a specialist state-owned financial services institution on an acquisition financing facility for the purchase of a number of companies in the construction sector in the Republic of Serbia and Republika Srpska (Bosnia and Herzegovina) by a Czech business.
  • Assisted Proleter AD Ivanjica with issues arising from a number of inter-company loans.

Serbia > Commercial, corporate and M&A Tier 3

Stankovic & Partners (NSTLAW) routinely advises on cross-border corporate M&A matters involving global corporations and banks. The group is particularly active on behalf of international businesses establishing operations in Serbia. The practice additionally assists with ongoing commercial issues, such as project documentation, joint ventures, and supply and distribution agreements. Nenad Stankovic and Andrej Savin both advise on international commercial law issues, while Tijana Milišić also assists with corporate and commercial matters.

Practice head(s):

Nenad Stankovic

Key clients

RCL Systems

NLB Srbija

Titantex SRL Unipersonale

Teddy S.p.A.

Beauvallon Europe S.A., SPF

Brif Tres doo  and Brif-TC doo, Beograd

Aelius SARL Luxembourg, affiliate of EMS SA

Apatinska pivara, member of Molson Coors Group

Monster Energy

Proleter AD

TMB Diamond Voćar doo Pancevo

GOPA, Germany (member of GOPA Consulting Group)

Crveni signal

Galenika

Sitel DOEL

Hauzmajstor

Uniqa Insurance

Coropi Holdings

Kalemegdan Investments Limited

Par Technology Corporation

Tide

Devellop doo

Dirigent Acoustics

Ferrobeton SRB

Eco signal

Takeda GMBH

Lucky Star Junior

Work highlights

  • Advising UK company Transcend Packaging on its acquisition of shares in Serbian company Roda Pack, which involved highly complex corporate aspects.
  • Advising Apatinska Pivara on various commercial matters, including the negotiation and drafting of commercial agreements with distributors and retailers.
  • Assisting pharmaceuticals company Galenika with a number of important corporate matters, including shareholder meetings and dividend distributions, as well as corporate compliance issues.

Serbia > Competition Tier 3

Stankovic & Partners (NSTLAW) is increasingly active in merger clearances and restrictive agreement exemptions. The team also assists with competition compliance and investigations. The group is co-led by name partner Nenad Stankovic, whose track record includes includes several high-stakes antitrust cases; and ‘leading expert in distribution agreements’, Mitar Simonovic, whose sector expertise covers the pharmaceutical, FMCG, and food and drink industries. Teodora Markovic also assists high-level clients with competition law issues.

Practice head(s):

Nenad Stankovic; Mitar Simonovic

Other key lawyers:

Testimonials

‘Professionals who are experts and proactive.’

‘Nenad Stankovic, Mitar Simonovic and Teodora Markovic provide a truly excellent and responsive service.’

‘The EU and competition team at Stankovic & Partners has an impressive range of knowledge.’

‘Nenad Stankovic’s experience, both in Serbia and internationally, provides a useful perspective for international businesses.’

‘Clients are impressed with their ability to provide a full service in this area, and support clients with all their key business arrangements involving EU/competition considerations.’

‘Nenad Stankovic is a very experienced person.’

‘Mitar Simonovic is a leading expert in distribution agreements and exclusive agreement test analyses.’

‘Teodora Markovic is a valuable member of the team.’

Key clients

Apatinska pivara Apatin (part of Molson Coors)

Trebjesa doo Niksic (part of Molson Coors)

Work highlights

  • Advising Apatinska Pivara on the competition aspects of sales and distribution agreements, as well as assisting with its business and sales compliance policies.
  • Continues to act for Trebjesa and Swinkels Family Brewers on key agreements relating to the production of milk and dairy products (and whether these fall under the exemption regime).

Serbia > Employment Tier 3

‘Relied on to provide spot-on advice’, Stankovic & Partners (NSTLAW)‘s employment team routinely assists with restructurings and redundancies, employment disputes, contract and document reviews, and day-to-day issues. The group’s experience extends to union negotiations, workplace health and safety, employee data protection, immigration, and pensions. Department head Nenad Stankovic is ‘one of the best lawyers in Serbia and the region’, and the ‘always available’ Andjelka Radovanović is a partner since May 2023.

Practice head(s):

Nenad Stankovic

Testimonials

‘A very professional office. There is no problem that cannot be solved.’

‘Combines excellence in law with a strong appreciation of the practical realities of doing business in Serbia.’

‘The employment team can always be relied on to provide spot-on advice and assistance, and offers excellent client-service levels across the board.’

‘They always find the best solution for clients.’

‘Clients are very happy to work with Nenad Stankovic and his colleagues. Very friendly, fast responsive, approachable, and nice to work with – all these features go a long way, together with their experience and professional expertise and know-how.’

‘Nenad Stankovic is one of the best lawyers in Serbia and the region.’

‘Nenad Stankovic – solid knowledge of all aspects of the IT business and its legal needs.’

‘Andjelka Radovanović is always available at short notice and delivers what clients ask for.’

Key clients

Apatinska pivara (member of Molson Coors group)

Monster Energy

Takeda Pharmaceuticals

CCBill

Garbino (affiliate of Teddy S.p.A.)

Lanos (Montenegro)

Devellop

Scania Leasing

CANSEE

Dominion Voting

Banjalucka pivara LLC (Serbia)

Mirjana Nikolić

Andersson&Sjoblom Technical Management LLC

PAR Technology Corporation

Software Country

Toshiba

RCL SYST

Nataša Petrović

Proleter ad Ivanjica

Work highlights

  • Acting for Apatinska pivara on various employment matters, including employees’ salaries, contract terminations, the acquisition of immigration permits for employees, and personal data issues.
  • Providing ongoing employment advice to Takeda Pharmaceuticals, encompassing redundancy and downsizing exercises, employment negotiations and disputes.
  • Advising CCBill on all aspects of employment in Serbia and the assignment of employees to work abroad, including policies and procedures.

Serbia > Intellectual property Tier 3

The IP practice at Stankovic & Partners (NSTLAW) assists both domestic and international clients with portfolio management work. The team also advises on IP protection strategies, cross-border data protection and marketing issues, and the IP side to financings and M&A. The firm additionally fields contentious IP specialists, with recent mandates including significant trade mark enforcement matters. Name partner Nenad Stankovic, Andjelka Radovanović, Mitar Simonovic and Tijana Milišić ‘all provide invaluable advice’.

Practice head(s):

Nenad Stankovic

Testimonials

‘Stankovic & Partners’ specialist IP team has strengthened considerably in recent years. They are able to provide a wide range of IP advice and have a good understanding of both domestic and international perspectives.’

‘Takes the trouble to acquire an impressive level of knowledge about clients’ industries and their commercial objectives internationally – something that, when combined with their knowledge of the law, makes them remarkable.’

‘Nenad Stankovic, Andjelka Radovanović, Mitar Simonovic and Tijana Milišić all provide invaluable advice, and are not only great to deal with but prioritise clients’ business aims and objectives.’

‘Good organisational skills and contacts.’

‘Clear and effective communication.’

Key clients

Takeda Pharmaceuticals

Monster Energy Company

Celanova Capital

Trebjesa Montenegro

CCBill

Banjalucka pivara LLC (Serbia)

Apatinska pivara (part of Molson Coors group)

Hyundai Technology Inc.

PAR Technology Corporation

Kursevi Online doo

Sekopak

Siemens Healthcare d.o.o. Beograd

Teddy S.p.A

Ahimsa Vega-yoga

DDG fashion

Work highlights

  • Assisting Takeda Pharmaceuticals with a range of IP issues.
  • Acting for restaurant technology business PAR Technology Corporation on a wide range of IP issues.
  • Advising Monster Energy on various IP matters relating to its Serbian and international operations.

Serbia > Projects and energy Tier 3

Stankovic & Partners (NSTLAW)‘s team is particularly experienced in renewable projects, its track record including large regional projects involving hydroelectric power, agricultural biomass and biogas. Other key areas are energy from waste and wastewater, significant infrastructure and construction projects, project finance, and privatisation work. Routinely acting on high-profile projects in Serbia and Montenegro, the wide-ranging expertise of name partner Nenad Stankovic encompasses major energy and infrastructure developments and project financing.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Andjelka Radovanovic; Sara Pendjer; Mitar Simonovic

Key clients

European Bank for Reconstruction and Development

Veolia Water Solutions & Technologies

Kornikom EOOD Bulgaria

Jantar Grupa

SEKOPAK

Solar Steelconstruction – SSK Balkans

Udruženje za razvoj geologije i rudara (Association for Development of Geology and Mining)

Gradina Kamenolom doo

Euro Lithium doo

Arcosite doo

Work highlights

  • Assisting DG NEAR (which assists countries intent upon joining the EU with meeting the criteria defined by the Treaty of European Union and the European Council) with the Western Balkans Proof of Concept Scheme Project that provides support on a range of commercial projects.
  • Acting as local counsel for Kornikom EOOD Bulgaria, in relation to investment arbitration proceedings against the Republic of Serbia for the violation of the bilateral investment treaty between Serbia and Bulgaria, which concerned the purchase of 70% of Kovin Coal Mine’s capital.
  • Advising Swiss company Edelweiss Balance AG on its acquisition of shares in Serbian energy trading company AB Energo.

Serbia > Real estate and construction Tier 3

Real estate and major infrastructure projects are core areas for Stankovic & Partners (NSTLAW), which advises on large corporate real estate transactions. The team also assists international investors with portfolio management work, while project finance, property disputes, and real estate-related insolvencies are other key areas. The firm additionally has a robust regulatory practice. The workload of international business law expert Nenad Stankovic covers real estate, project finance, infrastructure projects, and PPPs.

Practice head(s):

Nenad Stankovic

Key clients

GOPA, Germany (member of GOPA Consulting Group)

Crveni signal

Sitel DOEL

Beauvallon Europe S.A., SPF

Brif Tres doo Beograd

Brif-TC doo, Beograd

Aelius SARL Luxembourg, affiliate of EMS SA

Hauzmajstor

Uniqa Insurance

Coropi Holdings Limited ,

Kalemegdan Investments Limited

Garbino

PAR Technology Coproration

Work highlights

  • Advising long-term client Garbino, a fashion retailer in Serbia, on its entire real estate portfolio.
  • Assisting Hauzmajstor, part of the Austria-based Rustler Group, with a substantial real estate dispute with the owners and operators of a large business building in Belgrade.
  • Representing real estate investor BRIF TRES, and its wholly-owned subsidiary BRIF T-C, (alongside international law firms in Paris and Luxembourg) in a €300m dispute over land that brought a halt to the construction of a shopping centre in Belgrade.

The firm: Established in 2010 by the attorney Nenad Stankovic, Stankovic & Partners (NSTLAW) is a full-service firm located in Belgrade, Serbia, with a team of experts who advise multinational corporations and Serbian and Montenegrin companies, often acting in co-operation with well known international law firms.

Most of the firm’s lawyers have previously held senior positions at highly respected international and national firms. They also often speak at major international conferences, and contribute to leading national and international publications.

Stankovic & Partners is now well established as one of the leading commercial firms in the Serbian market, providing advice on banking and finance, corporate and M&A, restructuring and insolvency, commercial and regulatory, competition/antitrust, real estate, dispute resolution, privatisation, public procurement, intellectual property, capital markets, energy, mining and infrastructure, employment, tax, telecoms and technology.

The firm’s clients include many leading global corporations as well as some of the largest Serbian and Montenegrin companies and financial services firms, entrepreneurs and national local government institutions.

The firm has received a number of national and international accolades, including recommendations by Chambers & Partners’ Europe and Global Guides, The Legal 500 EMEA, and IFLR.

The firm’s international links include membership of Nextlaw Global Referral Network, the largest legal referral network in the world, and the Legal Network Alliance, a carefully selected global alliance of independent law firms.

The firm’s lawyers have worked with the respected international legal publications Getting the Deal Through since 2012, preparing its annual M&A overview for the Republic of Serbia.

Stankovic & Partners acts for clients carrying out business in Montenegro in co-operation with Kastravoic Law Office in Podgorica.

Areas of practice: At Stankovic & Partners (NSTLAW) banking and finance is a core area of practice. The firm has considerable experience of acting for major international and domestic financial institutions, as agents, senior lenders or syndicate members, as well as for borrowers from a variety of sectors, on a range of financing transactions. These include corporate and investment grade lending, leveraged and acquisition finance, asset finance and leasing, real estate development finance and cross-border intercompany loans.

In addition, with their acclaimed knowledge of the Serbian energy market, the team boasts award-winning expertise in project finance, as well as an impressive track record of success in big-ticket debt restructuring and reorganisation. On the borrower side, the firm assists clients with the financing of acquisitions and mergers, loans for funding new equipment or working capital, and a host of other projects. In addition, Stankovic & Partners offers a wealth of expertise in financial regulatory issues, while their experienced dispute resolution team has notable skill in resolving problems and enforcing security.

The office has developed in-depth expertise in all aspects of Serbian, Montenegrin and Bosnian competition and antitrust law. The firm advises clients from a wide range of sectors on obtaining merger clearance, handling complex processes from start to finish. They also advise their international clients on distribution and franchising networks, conducting antitrust audits and ensuring that their commercial practices remain compliant with local law. State aid and public procurement also form significant elements of Stankovic & Partners’ practice, and the firm has considerable experience providing training to key business personnel on all aspects of competition regulation and practices.

When contentious issues arise, including cartel allegations and follow-on claims, the competition group works closely with the firm’s large and highly regarded dispute resolution team to represent clients before the competition authorities and courts of Serbia, Montenegro and Bosnia and Herzegovina.

The firm enjoys a particularly fast-growing reputation in the intellectual property arena, where their sizeable dedicated IP and data protection team supports domestic and international clients on everything from intensive portfolio management and IP prosecution and protection strategies, to advice on exploiting image rights and IP due diligence in the context of some of the region’s largest M&A transactions and financings. The group is also widely admired for its expertise in data protection and privacy matters, where they assist a number of well-known international clients with data project and cross-border data transfer, and on advertising and marketing, having, for example, prepared the sponsorship agreements relating to the two biggest music festivals in Serbia as well as the Serbian Premier League and the national football team.

Department Name Email Telephone
Banking, finance and capital markets
Competition/antitrust
Corporate/commercial
Project financing
Dispute resolution/commercial litigation
Employment
Energy, infrastructure and PPP
IT and data protection
Mergers and acquisitions
Real estate and construction
Healthcare and pharmaceuticals
Restructuring and insolvency
Number of lawyers : 10
English
Serbian
Legal Netlink Alliance
Nextlaw Global Referral Network
Other offices : Podgorica