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Portrait ofMilica Popović

Milica Popović


Petrikić & Partneri AOD
in cooperation with CMS Reich-Rohrwig Hainz
Krunska 73
11000 Belgrade
CMS Reich-Rohrwig Hainz d.o.o.
Bulevar Džordža Vašingtona 3/22
Entrance V, Unit 9
81000 Podgorica
Languages Serbian, English

Milica Popović has been a partner at CMS Belgrade since 2013 and has more than 22 years of experience in legal work in the Balkan region. She is the Head of the CMS Banking and Finance teams in Belgrade and in Podgorica and heads the CMS office in Podgorica.
Milica graduated from the Belgrade University Law School and completed her LL.M. in International Commercial Law at Columbia University in New York with honours. Prior to joining CMS, Milica Popović was a senior attorney and project director at the US Agency for International Development (USAID) for 6 years with the responsibility for Montenegro's accession to the World Trade Organization.
She played a key role in numerous cross-border M&A transactions, financial and corporate restructuring projects and project finance, as well as other financing matters spanning across various industries. Apart from her strength in financial and corporate matters, Milica Popović is recognized for her involvement in energy and real estate matters.

She is dual qualified, as an attorney in Serbia and as a solicitor admitted to practice before the Senior Courts in England and Wales.

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“Milica Popović is an exceptional lawyer. She masters the details, but always has an eye on the broader strategy. Dedicated to clients.”

The Legal 500 EMEA, 2024

“Great collaboration from Milica Popović.”

The Legal 500, 2023

Memberships & Roles

  • Solicitors Regulation Authority of England and Wales
  • Serbian Bar Association
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Awards & Rankings

  • Ranked as a leading lawyer for banking and finance in Serbia by The Legal 500, Chambers and IFLR.
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  • 2008 – LL.M, Law, Columbia University Law School, New York
  • 2001 – LL.B, Law, Law School, University of Belgrade
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Data protection and cybersecurity laws in Montenegro
Data protection 1. Local data protection laws and scope The Personal Data Protection Law (Official Gazette of Montenegro Nos. 79/2008, 70/2009, 44/2012 and 22/2017) (“the PDPL”) 2. Data protection...
Security interest law in Montenegro
1. Can an intercompany guarantee be granted? Security 4. Can a security interest be granted in the following type of asset? Perfection 8. In order to be enforceable against third parties, must a security...
Insurance law and regulation in Montenegro
1. Introduction Under currently applicable legislation, there is only one way to undertake insurance activity in Montenegro and that is to establish a local insurance company. A local insurance company...
Real estate transaction costs and taxes in Montenegro
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Variable VAT Nil 1.2 Utility search (each service) Cost Variable VAT Nil 1.3 Land registry search (per search) Cost...
Public procurement regulation in Montenegro
October 2018 1. Where can one find public procurement notifications for Montenegro? Internet Portal for public procurement announcements: http://portal. ujn. gov. me/delta2015/lo­gin. jsp?locale=en& Internet...
CMS Belgrade and CMS Podgorica support Hystead Limited in the sale of Delta...
Following the successful sale of Delta City shopping mall in Belgrade Serbia, Hystead Limited, a London-based company and investor in the Western Balkans, has signed an agreement to sell Delta City Mall in Podgorica, Montenegro to Israeli company BIG Shopping Centres. Delta City Podgorica is the largest shopping mall in Podgorica and one of the most developed commercial facilities in Montenegro. The transaction value is EUR 95 million. Having advised Hystead Limited in the sale of Delta City Belgrade, CMS Belgrade has been engaged again, together with CMS Podgorica, to provide legal assistance in the divestment of Delta City Podgorica. Full legal support in negotiations and structuring of the transaction and signing of the sales agreement has been provided by the team of CMS experts led by partners Maja Stepanović (Corporate/M&A) and Milica Popović (Banking & Finance). Other team members included partner Ivan Gazdić (Real Estate & Construction) and attorney Tamara Samardžija (Corporate/M&A).
Data protection and security
Expert legal advisers
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. 
Recent developments impacting the insurance sector in CEE
This webinar series provides you with a brief overview into the latest developments relevant to the insurance sector in CEE jurisdictions. Episode #2 Watch webinar recording here:The second episode...
Law and regulation of Covid-19 loan moratoriums in Serbia
1. Description of the legislation 1.1 Is there a moratorium on loans legislation implemented in your jurisdiction? Yes. 1.2 If no: Are there any ongoing discussions regarding a potential introduction...
AML and CTF law and regulation in Serbia
1. What national legal act(s) provide for Anti-Money Laundering (AML)/Counter Terrorist Financing (CTF) measures in your country? The Anti-Money Laundering and Financing of Terrorism Act, adopted in 2017...
Restructuring and insolvency at a glance – CEE overview
While many speculate that CEE has not been hit by the COVID-19 crisis as much as other European countries, due to fast reactions of the respective governments and strict lockdowns, fiscal actions introduced...