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Karanovic & Partners Helps ZF Open a Factory in Pancevo

Karanovic & Partners Helps ZF Open a Factory in Pancevo

Serbia
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Karanovic & Partners has advised the German company ZF on matters related to the opening of its factory in Pancevo, Serbia, as part of the first phase of a EUR 160 million investment. The factory will start producing machines, generators for hybrid and electric drives, gearshift switches, and microswitches in the first half of June.

The Serbian Government pronounced this project an investment of importance for the state’s development. For the City of Pancevo, this is the first direct greenfield production-technological investment in the last 40 years.  

ZF operates in 40 countries around the world and has a global workforce of over 146,000 employees. In 2017, it recorded sales of EUR 36.4 billion. 

The Karanovic & Partners team was led by Senior Partner Marjan Poljak and included Senior Associates Ana Stankovic and Ana Lukovic.

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.