About

Provided by Karanovic & Partners in cooperation with local lawyers

The team offers unrivalled regional and sector-specific coverage to investors. The practice is a market leader because of its dedication, quality legal service, and in-depth understanding of the clients' needs, and has been involved in many of the largest and most complex transactions in the market. It takes pride in its reputation as a regional transactional and corporate/commercial legal powerhouse, making it more than a large legal practice with a top client portfolio. The firm possesses the capacity to provide full transaction support, from an initial due diligence investigation, risk identification, structuring deals to closing and post-closing assistance.

Work Highlight

  • Advised Krnovo Green Energy doo Nikšić, as the borrower, and sponsor Akuo Energy Central Europe on refinancing Montenegro’s first large-scale wind farm, involving senior and mezzanine facilities provided by KFW IPEX-Bank GmbH, EBRD, and Proparco. The deal won the 2025 Deal of the Year Award for Montenegro given by CEE Legal Matters.
  • Advised CKB Bank on project financing agreement for the construction of the first cable car in Montenegro, with the company Kotor – Lovćen Cable Car.
  • Advised CEE BIG on EUR 95 mil acquisition of a shopping mall Delta City, and on the acquisition of Capital Plaza in Montenegro, with 6 companies and an overall value of EUR 50 mil.
  • Advisory role in the Montenegrin Airport Concessions project – the largest PPP project in Montenegro and one of the largest in the Western Balkans. 

Chambers Review

Provided by Chambers

Corporate/Commercial - Montenegro

3
Band 3

What the Team is Known For

Karanovic & Partners is a notable regional law firm recommended for handling major cross-border M&A transactions and related financings, while also working on large construction projects. The team also assists with employment issues and market entries, as well as real estate mandates.

Work Highlights

  • Karanovic & Partners in cooperation with local lawyers supported CKB Bank with its general mandates including employment, regulatory and commercial issues.

Strengths

Provided by Chambers

Members

Provided by Karanovic & Partners in cooperation with local lawyers

Filip Vukovic

Marko Ćulafić

Head of Department

Milan Lazić

Clients

Provided by Karanovic & Partners in cooperation with local lawyers

Akuo Energy

BB Invest Group

CEE BIG BV

CKB, member of OTP Group

Colgate Palmolive

Ericsson

Ernst & Young Montenegro

Green Energy doo Nikšić

Grupo Bimbo

HPS Investment Partners (UK) LLP

Inditex Group

International Finance Corporation (IFC)

KFW IPEX-BANK GMBH

Kriptomat

Maestral Hotels and Casinos

Masdar Energy BV

PETROL Montenegro

PPF Group

Pfizer

Philip Morris

Port of Bar

Stihl

Industries

Provided by Karanovic & Partners in cooperation with local lawyers

Automobiles & Parts

Aviation

Banks

Chemicals

Construction & Materials

Consumer Product Manufacturing

Energy and Natural Resources

Financial Services

Food & Drink Producers

Food Production and Agribusiness

Health Care

Hospitality, Leisure and Tourism

IT and Start-ups

Industrial Engineering

Industry and Manufacturing

Infrastructure and Transport

Media

Mining & Metals

Pharmaceuticals & Life Sciences

Private Equity

Real Estate

Real Estate Finance

Retail and Consumer Goods

Software & Computer Services

Telecommunications

Transportation

White Collar