CERHA HEMPEL Ulcar & partnerji is adept in handling M&A transactions in a variety of industries, notably in the energy and banking and finance sector. Leading the team, Matjaž Ulcar specialises in multi-jurisdictional transactions and private equity work, with clients noting his ‘unshakeable determination’;  Barbara Ulčar handles deals for both domestic and cross-border clients adding ’significant value’ to transactions; and Anja Krošel brings banking, finance and competition expertise.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Cerha Hempel team stands out as one of the most respected law firms because of its exceptional combination of expertise, trust, and reliability. With decades of experience and an international outlook, the firm consistently provides clients with legal advice of the highest quality. What makes Cerha Hempel unique is not only its profound legal knowledge across various fields, but also its ability to understand clients’ broader business needs. The team takes pride in building long-term relationships based on trust, discretion, and a deep sense of responsibility. Clients know they can rely on Cerha Hempel to provide precise, practical, and forward-looking solutions even in the most complex cases.’
  • ‘Matjaž Ulčar is widely regarded as one of the most outstanding lawyers, not only because of his deep legal expertise but also because of his strong ethical principles and holistic approach to advising clients. Beyond his mastery of the law, he brings knowledge from diverse areas—business, economics, and society—allowing him to provide guidance that is both legally sound and strategically insightful.'
  • ‘Matjaz Ulcar is the firm's heart and soul - a superb lawyer and pace-maker for an ambitious and hungry team of lawyers. He is widely regarded as an exceptionally skilled and accomplished M&A lawyer — a true master of his craft. With his sharp intellect, unshakable determination, and remarkable strategic foresight, he combines profound legal expertise with an impressive ability to drive complex negotiations to success. Colleagues and clients alike praise his brilliantly persuasive advocacy, his unyielding commitment to excellence, and his commanding presence at the negotiating table, which make him not only a trusted advisor but also a formidable force in the world of corporate transactions.’
  • ‘What makes Cerha Hempel Ljubljana unique is the brilliance of Matjaz Ulcar, the main partner at the firm. I have worked with Matjaz and the office for 15 years, and during this time have worked across the table from or with all of the leading corporate firms in the Ljubljana market, and Matjaz is, in my view, the best lawyer in the market and one of the best I've ever met.'
  • ‘Matjaž Ulčar stands out as an exceptional negotiator with the rare ability to guide even the most complex matters smoothly and efficiently—always focused, pragmatic, and solutions-oriented. Also, Barbara Ulčar is a highly skilled lawyer with remarkable attention to detail and strong analytical thinking; her thorough and thoughtful approach adds significant value to every project. Their combination of technical excellence, reliability, and commercial understanding truly sets them apart from competitors.’
  • Matjaz Ulcar is simply one of the best individuals on the market. Extremely fast thinking, knowledgeable, experienced, constructive, and practical.

Key clients

  • Slovenian Sovereign Holding
  • Hisense Gorenj
  • NLB Skladi / NLB Skladi Zeleni prehod SIS
  • AMZS
  • RHI Magnesita GmbH
  • Kofola Češkoslovensko and Radenska Adriatic
  • Veto Group

Work highlights

Acted as lead legal advisor to Enna Group in connection with the acquisition and development of an 87 MW solar power plant located in Giurgiu County, Romania.
Acted as lead legal counsel to Slovenian Sovereign Holding (SSH) on the transfer of a strategic real estate portfolio valued at over €100 million to DSU, Slovenia’s state-owned real estate management company.
Acted as lead legal counsel to NLB Skladi – Zeleni prehod SIS, a green transition investment fund, in connection with the acquisition of an energy efficiency project from Resalta, implemented in the Municipality of Kragujevac, Serbia.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

Matjaž Ulčar; Barbara Ulčar; Anja Krošel