CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The new Media Law in Montenegro which entered into force on July 6, 2020, will update the country’s legislation in the area. By adopting certain media standards, it is intended to provide the country with the modern legal solutions already present in the countries of the EU.
In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: ”What is your single most favorite client matter in your career?”
The new law about legal entities/Law of The Companies was adopted at the Official Gazette No. 65/20 on the 03.07.2020 and is in force since the 16.07.2020/ when it was introduced in Montenegro.
“Things are moving in cycles [in Montenegro], as in most parts of the Balkans,“ says Partner Sasa Vujacic of Vujacic Law Offices. “This is an election year in Montenegro and that will be reflected on the business sector for sure, as we approach election day.“ Vujacic reports that the election date “should be no later than October of this year“ and says that, although more political influence will be felt in all sectors of business as it approaches, “not a lot of changes in Montenegro's political structure are to be expected."
In Montenegro, it is not possible to open any corporate bank account for companies registered in Montenegro if the founder of such company is a legal entity / company from an offshore destination as it is for example British Virgin Islands etc.
The Government of Montenegro, at the session of February 7, 2019, passed Decision about The Privatization Plan for 2019 which is published in the Official Gazette No. 013/19 of 01, March 2019 and it came into force on 9, April of the same year.
Law office Vujacic was founded in 1971, and in that time it was one of the first law firms in Montenegro. Today it is a modern business law firm with a long and proud tradition of supporting clients by high quality legal services in all areas of corporative, civil and commercial law.
Our team of lawyers has shown a great success in areas such as: Mergers & Acquisitions, Telecommunications/Media, Intellectual Property, Administrative Law, Corporate Law, Finance Law, Competition Law, Real Estate, Dispute Resolution, Employment, Tax issues etc.
As local counsel we have wide experience in all aspects of private and public corporate acquisitions and privatization. Our activities range from conducting due diligence reports, negotiations, preparing security documents and legal opinions.
The guiding principles of our Office are quality, confidentiality, efficient, timely, and cost effective services. We provide efficient legal representation to our clients both on regional and international levels.
Our work is based on commitment for providing comprehensive, effective legal advice to domestic and international clients operating in Montenegro. Also we try to find innovative solutions covering a variety of law and business experience.
Firm's website: http://www.lawoffice-vujacic.com/