News

Published on 4 March 2024

Published on 31 January 2024CMS legal teams in Belgrade, Podgorica and Sarajevo have advised Actis on all Serbian, Montenegrin and Bosnian aspects of the acquisition of a carved-out tower portfolio from Telekom Srbija, one of the leading tele­com­mu­nic­a­tions operators in the CEE region.   The carved-out portfolio comprises approximately 1,800 macro towers, of which approximately 1,000 are located in Serbia, approximately 700 in Bosnia and Herzegovina and approximately 100 in Montenegro. CMS has provided legal advice on the buy-side due diligence, structuring of the carve-outs, negotiation of the transaction documents, transfer of the towers, regulatory matters (merger clearance, telecoms and energy supply regulations), tax matters and financing of the transaction. This landmark transaction marks Actis’ entry into the Western Balkans and reinforces Actis' commitment to the CEE region following previous investments in the energy sector in Romania and Bulgaria in 2022. The CMS team which advised on the transaction was led by partner Marija Tešić (Serbia, Montenegro) and included partners Radivoje Petrikić, Ivan Gazdić and Milica Popović, counsels Marija Marošan and Srđan Janković, senior associates Sandra Miljanić, Ksenija Boreta, Jovana Bingulac, Ksenija Ivetić Marlović, Tamara Zejak and Tamara Samardžija, associates Mila Drljević, Milica Tomić,  Jelena Đorđević, Teodora Vujošević and Jovan Bećirić (all Serbia, Montenegro), partners Indir Osmić and Andrea Zubović-De­vedžić, counsel Sanja Voloder, senior associate Ana Terzić and Zlatan Balta, associates Zlatko Mašović, Stefan Ćosović and Zerina Spahić (all Bosnia and Herzegovina).  

Published on 12 November 2022UGT Renewables, one of the largest US solar energy and storage developers, has signed an agreement on cooperation with Montenegro’s EPCG. They will jointly develop a large-scale solar energy project in Montenegro. In this and other projects, UGT Renewables will be assisted by its strategic partner Hyundai Engineering, the South Korean engineering, procurement and construction company that is expanding from the conventional energy sector to the renewable energy sector. CMS Podgorica and Belgrade team has been supporting UGT Renewables in this project and has provided advice on all legal aspects relevant to the joint development agreement with EPCG in Montenegro. The agreement was signed by Adam Cortese, the CEO of UGT Renewables, and Milutin Djukanović, the President of the Board of Directors of EPCG. The signing ceremony in Podgorica was attended by outgoing Prime Minister of Montenegro Dritan Abazović, US Ambassador to Montenegro, H.E. Judy Rising Reinke, and many others. The core CMS team assisting UGT Renewables with this green energy project in Montenegro consisted of senior at­tor­neys Tamara Zejak and Tamara Samardžija, headed by Managing Partner Radivoje Petrikić.

17 November 2015 – Curetis N.V., a developer of next-level molecular diagnostic solutions has completed its initial public offering on Euronext in Amsterdam and Euronext in Brussels. At its IPO, Curetis...

Acting on behalf of a key client Allianz CMS Russia and CMS Zurich won a major reinsurance recovery action against a Swiss reinsurer Infrassure in August 2015. The dispute related to a tragic accident...

A CMS team led by partners Stephen Netherway, Chris Southorn and Helen Johnson advised international insurer CBL Insurance on its proposed initial public offering of its ordinary shares, jointly on the...