Komnenic & Partners Managing Partner Milos Komnenic and Partner Nemanja Radovic talk about real estate in 2025 in Montenegro.

CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Real Estate in CEE.

Contributed by Komnenic & Partners.

Montenegro’s real estate sector is undergoing significant transformations due to recent legislative changes and proposed reforms, particularly in the tourism sector. These novelties will impact investors, developers, and most certainly the entire economy of Montenegro, but it remains debatable if the impact will be positive.

Moravcevic, Vojnovic and Partners in cooperation with Schoenherr has advised Agri Europe Cyprus on its acquisition of a 74.94% stake in Hipotekarna Banka Podgorica. Komnenic & Partners advised a group of corporate, family, and individual sellers.

The Montenegrin Law on Business Organizations prohibits the return of contributions to shareholders. But is capital reduction with simultaneous payment to shareholders permissible? This article explores the legal ambiguities and practical challenges arising from this question.

Komnenic & Partners' real estate practice has been navigating complex challenges, including zoning issues and frequent changes of the government and responsible bodies, while managing several high-profile projects, according to Managing Partner Milos Komnenic, who discusses the ongoing developments in the hospitality and retail sectors, the impact of regulatory uncertainty on investment, and the outlook for Montenegro's real estate market over the next year.

Summer is traditionally a slower period for many, including the legal sector, but, if used right, the time can pay dividends for law firms.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With managing firm clients being a critical aspect of firms’ operations, we asked: What are the three most important elements when onboarding a new client?

In the last decade, Montenegro has focused on creating a favorable business environment, attracting renowned foreign investors and resulting in significant economic development and growth. The government has been focusing on high-level tourism, transitioning from seasonal to year-round hotels that offer luxurious stays and services.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Did you know that, using the Activity Rankings function of the CEELMDirect website, you can look up the 2023 deal leaderboards in each CEE market, including Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, and Slovenia?

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Radovanovic Stojanovic & Partners has advised Polish Tuplex Group member TI Holding on the acquisition of all shares in Montenego's Materia. Komnenic & Partners represented a private stakeholder in the sale of Materia.

Komnenic & Partners has advised Novi Volvox, Leitner, and Zicara Kotor-Lovcen DOO on the financing for the Kotor-Lovcen cable car project from OTP Bank. Karanovic & Partners advised OTP Bank through its CKB Bank subsidiary.

Komnenic & Partners has advised MEnergy on the grid connection agreement with the Montenegrin transmission system operator for a 385-megawatt solar power plant in Cevo.

Several updates vie for the front page in Montenegro, from politics, tax reforms, and the influx of high-skilled professionals to vibrant renewable energy sector activity and a booming M&A market, according to Komnenic & Partners Partner Nemanja Radovic.

BDK Advokati has advised Fortenova and Mercator-CG on their acquisition of the Franca retail business in Montenegro from the Franca family. Komnenic & Associates advised the sellers.