Harrisons has advised the EBRD on its EUR 4 million loan to Montenegrin retailer and supermarket operator Voli for the installation of solar panels and electric vehicle charging stations.

Montenegro is still considered a rising star in the Balkan peninsula, attracting the attention of potential investors worldwide, and that’s especially the case with the country’s real estate market.

The energy development strategy of the Republic of Serbia until 2025 with projections until 2030, as well as the Integrated National Energy and Climate Plan, which is
currently being developed and adopted, foresee an increase in the share of energy obtained from renewable energy sources in the energy balance of the Republic of Serbia
as a strategic goal.

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.

The political landscape in Montenegro is dominated by the upcoming elections and the formation of a new government – sometimes leading to populist measures that may negatively affect certain industries – yet sectors like energy, tourism, and IT keep experiencing growth, according to BDK Advokati Senior Partner Luka Popovic.

BDK Advokati has advised the Abu Dhabi Capital Group on its sale of The Capital Plaza in Podgorica to BIG Shopping Centers. Karanovic & Partners advised the buyer.

Political turmoil and contentious policy changes could cloud the investment climate in Montenegro, but the economy is still performing well – primarily driven by the IT, energy, and tourism sectors – according to Pejovic Legal Partner Milena Roncevic Pejovic.

Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised the owner of the Adriatic Bank Podgorica on the acquisition of Expobank Belgrade. BDK Advokati advised the shareholders of Expobank Belgrade.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

We are witnessing that there is a constant "hunger" for information in modern society and that the media are competing to be the first to publish exclusive news. The average reader is overwhelmed by a massive amount of information, and the media almost always publish articles and appealing photos to attract the reader's attention.

At the extraordinary session of the Parliament of Montenegro held on February 28, 2023 a set of tax acts was adopted. The Parliamentary Committee for Economy, Finance and Budget of Montenegro has given its support for introducing aforementioned acts, which will result in higher budget revenues for the state through higher taxation and the introduction and change of excise duties on certain products.

Senior Dispute Resolution Expert at CMS Belgrade and CMS Podgorica Nenad Kovacevic has been promoted to Partner. 

The new General Collective Agreement („GCA“) has been published at the Official Gazette of Montenegro no. 150/22 on 30, December 2022 and will be valid for period of three years from 31, December 2022 when it came into legal force.

Former Karanovic & Partners Partner Milena Roncevic Pejovic has established Pejovic Legal in Montenegro.

Komnenic & Associates Lawyer Nemanja Radovic has been promoted to a Partner position within the firm on January 1, 2023.

Partners Luka Popovic and Bogdan Ivanisevic have been elevated to Senior Partners with BDK Advokati.

Komnenic & Associates has advised both sides in the transaction that saw Appolo subsidiary Seta Montenegro sell the HoldCo East NPL company to APS Holding.

Serbian law firms seem to have carved out a considerable share of the Montenegrin legal market. CEE Legal Matters looks at the interplay of these two formerly linked legal markets and explores in what respects they are complementary, where they clash, and how this reflects on the work of lawyers.