Montenegro

Montenegro

Recent work highlights

Construction and development

  • Advised Fortum Corporation in relation to their participation in a tender for the construction of a solar power plant in Ulcinj and post-tender procedures, including LDA negotiations and signing. Value of the investment is €178m. The planned 250 MW solar power plant in Ulcinj will be the largest power plant of its kind in Europe.
  • Advised IBERDROLA INGENIERÍA Y CONSTRUCCIÓN S.A.U. on construction matters related to the OHL Lastva-Čevo project in Montenegro (construction of two overhead lines 2x400 kV and 400 kV in the length of about 35 km).
  • Advised GE Power in relation to their participation in the EPC project for the construction of thermal power plant in Montenegro Pljevlja II.
  • Advised and represented the local companies of EVN in relation to high-value investment projects, particularly wastewater treatment plants and desalination plants, and related court and arbitration proceedings, involving the assessment of construction works performed, liability issues, etc.

Investment and disposal

  • Advised Heta Asset Resolution AG on corporate and financial restructuring of the Austrian banking group in Serbia and Montenegro worth over €100m.
  • Advised investor on tax consequences relating to the acquisition of real estate in Montenegro and providing legal advice in connection to purchase of €2.2m (approx.) worth real estate.

Financing

  • Advised OTP Group and Erste Group in relation to the project finance of a tourist resort in Montenegro.
  • Advised the EBRD and the IFC on the refinancing of Delta mall acquisitions in Serbia, Montenegro and Macedonia.
  • Advised Slovenian legal entities related to transfer of the mortgaged real estate in Montenegro.
  • Prepared legal due diligence report to OTP Group in relation to two real estate projects in Montenegro.
  • Advised and representing the Serbian API bank in a residential real estate finance project in Montenegro.
  • Advised the joint venture of Swiss Orascom Development Ltd. and the Government of Montenegro, the Montenegrin company Luštica Development AD, in the process of securing the financing for the development of the Luštica Bay project, whose worth is approx. €300m.

 

Facts and figures

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Located in Podgorica

2 real estate lawyers

Languages: Serbian, Bosnian, Montenegrin, English and French

Key contacts

Contact
Milica Popović
Milica Popović
Partner
Belgrade, Podgorica
T +382 20 416070