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Karanovic & Partners Advises Brose on Acquisition of 23 Hectares of Land from Republic of Serbia

Karanovic & Partners Advise Brose on Acquisition of 23 Hectares of Land from Republic of Serbia

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Karanovic & Partners has advised family-owned automotive industry supplier Brose on the acquisition of 23 hectares of land from the Republic of Serbia for the construction of a plant and a research center that will produce automotive equipment.

According to Karanovic & Partners, “the construction of the factory will begin in three months, and the plant should start operations in January 2021. Brose will invest more than EUR 180 million in this project. It is envisaged that they will employ at least 1,100 full-time employees.”

The Karanovic & Partners team was led by Partner Petar Mitrovic and included Senior Associate Milorad Gajic and Junior Associate Katarina Tomic.

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.