Department profile
Karanovic & Partners in cooperation with local lawyers

Corporate/Commercial

Global Guide 2026 : Montenegro


Karanovic & Partners in cooperation with local lawyers

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. 

Clients (22)

  • Akuo Energy
  • PPF Group
  • Colgate Palmolive
  • Philip Morris
  • Inditex Group
  • Pfizer
  • Ernst & Young Montenegro
  • CEE BIG BV
  • Kriptomat
  • Stihl
  • Ericsson
  • PETROL Montenegro
  • CKB, member of OTP Group
  • Maestral Hotels and Casinos
  • BB Invest Group
  • KFW IPEX-BANK GMBH
  • HPS Investment Partners (UK) LLP
  • Green Energy doo Nikšić
  • Masdar Energy BV
  • Port of Bar
  • International Finance Corporation (IFC)
  • Grupo Bimbo

Industries (27)

  • Automobiles & Parts
  • Banks
  • Chemicals
  • Construction & Materials
  • Consumer Product Manufacturing
  • Financial Services
  • Food & Drink Producers
  • Health Care
  • Industrial Engineering
  • Media
  • Mining & Metals
  • Pharmaceuticals & Life Sciences
  • Real Estate Finance
  • Real Estate
  • Software & Computer Services
  • Telecommunications
  • Transportation
  • IT and Start-ups
  • Aviation
  • Energy and Natural Resources
  • Food Production and Agribusiness
  • Hospitality, Leisure and Tourism
  • Industry and Manufacturing
  • Infrastructure and Transport
  • Private Equity
  • Retail and Consumer Goods
  • White Collar

Chambers Review

Provided by Chambers

Corporate/Commercial - Montenegro

Band 3

Band 3


What the Team is Known For

Karanovic & Partners is a notable regional law firm based in Belgrade. It is recommended for handling major cross-border M&A transactions and related financings, while also working on large construction projects. The team collaborates with local qualified lawyers to also assist clients with employment issues and market entries, as well as real estate mandates.

Work Highlights

Provided by Chambers

  • Karanovic & Partners supported Ericsson with its general mandates, including employment and regulatory matters.

Strengths

Provided by Chambers

  • The team consistently provide timely and thorough answers to our queries, often anticipating potential challenges and offering proactive solutions.

    Corporate/Commercial respondentGlobal

Members

Provided by Karanovic & Partners in cooperation with local lawyers

  • Milan Lazić

  • Marko Ćulafić

    Head of Department

  • Filip Vukovic

Karanovic & Partners in cooperation with local lawyers has rankings in the following guides

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