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If you have also made Serbia an investment target, then you are certainly already aware of the numerous political and economic reforms implemented in recent years which have brought the country closer to the EU and have removed barriers to investment. And also that these reforms have led to the privatisation of state-owned enterprises and a gradual harmonisation of Serbian legislation with EU law. What you were possibly not aware of is that CMS was involved in this process in an advisory and developmental role, for example in the drafting and implementation of the new provisions and accompanying regulations of Serbian corporate law. It is also worth mentioning here that we are also involved in the area of "foreign direct investments" in Serbia.

What makes all of this possible is our long-term presence in Serbia, since 2000, with a legal team which now numbers 25 and provides comprehensive legal advisory services. We advise our clients, amongst others, on corporate law, privatisation, tax, competition, energy and media law. We are also regularly called on for advice on banking and finance, property financing, life sciences, restructuring & insolvency, renewable energies, construction industry law, as well as automotive, tourism and agro sciences law.

The aforementioned developments that have taken place in Serbia have opened up many new areas of expertise which we were able to embrace from the very start due to our focus as a full-service law firm with an international network. This market continues to have a very attractive potential for growth and whether you are a local or international investor, we can advise and support you in all the relevant specialist areas relating to the implementation of your projects.

Thanks to many years' experience in the Serbian market and our excellent contacts in the local economy, with the local authorities and government ministries, there is a strong possibility that we are also the ideal legal advisor for you. If you would like to learn more about our firm, do not hesitate to get in touch with us any time, by contacting us online, by email or telephone.

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Ra­divo­je Pet­rikić’s in­ter­view for Bloomberg Ad­ria
New ESG reg­u­la­tions ad­op­ted by the European Uni­on ap­plic­able to Ser­bi­an com­pan­ies as well
Glob­al Life Sci­ences & Health­care For­um 2022: Life Sci­ences are reap­ing...
Di­git­al trans­form­a­tion in life sci­ences is cre­at­ing op­por­tun­it­ies to counter health­care’s most in­tract­able prob­lems from treat­ing rare dis­eases to ac­cel­er­at­ing dia­gnostics and re­du­cing treat­ment back­logs...
Mar­ija Marošan, seni­or ex­pert for real es­tate and con­struc­tion, pro­moted...
The co-Head of the Real Es­tate and Con­struc­tion prac­tice at CMS Bel­grade and CMS Podgor­ica, Mar­ija Marošan, has been pro­moted to Coun­sel after more than 12 years of ad­vising in­ter­na­tion­al com­pan­ies on real es­tate and con­struc­tion law mat­ters. Mar­ija Marošan star­ted her leg­al ca­reer after ob­tain­ing her mas­ter’s de­gree in Land Man­age­ment from Kunglinga Tekniska Hög­skolan in Stock­holm, in a reput­able law of­fice in Bel­grade. Since join­ing the team of CMS in Bel­grade in 2013, she has been provid­ing leg­al sup­port to pre-em­in­ent cli­ents on some of the largest and highly com­plex and sens­it­ive real es­tate and en­ergy pro­jects both in Ser­bia and in Montenegro. Her ex­tens­ive ex­per­i­ence in­cludes ad­vising cli­ents on the prop­erty de­vel­op­ment, sales and ac­quis­i­tions, leas­ing, con­struc­tion (in­clud­ing zon­ing, per­mit­ting, FID­IC and oth­er forms of con­struc­tion con­tracts), con­ver­sion, etc.  Mar­ija also has an ex­tens­ive track re­cord with re­new­able en­ergy and in­fra­struc­ture pro­jects both in Ser­bia and in Montenegro and has ad­vised nu­mer­ous cli­ents re­gard­ing real es­tate and reg­u­lat­ory as­pects of the de­vel­op­ment, op­er­a­tion, and fin­an­cing of re­new­able en­ergy and in­fra­struc­ture fa­cil­it­ies, en­ergy ef­fi­ciency pro­jects, PPPs. Her ad­mir­able work and ded­ic­a­tion to provid­ing ex­cel­lent ser­vice to cli­ents and her out­stand­ing ex­pert­ise have led to her be­com­ing the co-Head of the Real Es­tate and Con­struc­tion prac­tice at CMS Bel­grade and a very prom­in­ent mem­ber of the En­ergy and Cli­mate Change team. She shares her ex­pert­ise and know-how and provides in­valu­able sup­port to the CMS team in North Mace­do­nia in ad­vising on com­plex mat­ters of law rel­ev­ant to vari­ous re­new­able en­ergy pro­jects. We are proud to an­nounce this new step in Mar­ija’s ca­reer and wish her con­tin­ued growth and suc­cess with­in the CMS fam­ily!  
CMS Podgor­ica and Bel­grade team has provided sup­port to UGT Re­new­ables...
UGT 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.
US ad­opts Ex­ec­ut­ive Or­der to im­ple­ment EU-US Data Pri­vacy Frame­work
After an­noun­cing a polit­ic­al agree­ment on 25 March 2022, the US gov­ern­ment has now an­nounced more de­tails on how it in­tends to put mass sur­veil­lance by in­tel­li­gence agen­cies on a rule-of-law foot­ing...
Glob­al Life Sci­ences & Health­care For­um 2022: The Life Sci­ences sec­tor...
The open­ing of COP27 has brought an in­tense glob­al fo­cus on cli­mate change and the tower­ing de­mands needed to reach car­bon net zero and to pro­tect the en­vir­on­ment. United Na­tions Gen­er­al Sec­ret­ary Ant­o­nio...
CMS Ex­pert Guide: Data Law Nav­ig­at­or
Data provides a whole range of op­por­tun­it­ies but also in­cludes new and unique risks for com­pan­ies, gov­ern­ments and in­di­vidu­als. From sec­tor-spe­cif­ic nu­ances to loc­al derog­a­tions from the EU GDPR, sim­ul­tan­eously...
Tam­ing the dragon: ESG im­ple­ment­a­tion – risks de­mys­ti­fied
CMS Bel­grade raises aware­ness of key ESG im­ple­ment­a­tion risks
CMS ad­vises a syn­dic­ate of banks on the re­fin­an­cing on­shore wind farm in...
Pub­lished on 3 Novem­ber 2022CMS has ad­vised a con­sor­ti­um of banks con­sist­ing of Uni­Cred­it, Cred­it Suisse, Eurobank and OTP Bank on the €205 mil­lion re­fin­an­cing of Čibuk, a 158 MW on­shore wind farm loc­ated in Ser­bia. The Čibuk wind farm is owned by the Taaleri Sol­ar­Wind I Fund and its co-in­vestors, Fin­nfund, Mas­dar and DEG, the Ger­man de­vel­op­ment fin­ance in­sti­tu­tion. With 57 tur­bines, it is the largest wind farm in Ser­bia and pro­duces enough elec­tri­city to sup­ply around 87 thou­sand house­holds. It off­sets the equi­val­ent of around 380,000 tonnes of car­bon di­ox­ide dur­ing each year of op­er­a­tion.CMS ac­ted as leg­al ad­visors to the lenders in re­spect of the loan fin­an­cing pack­age.The Eng­lish law CMS team was led by Ra­fal Za­krzewski and Przemysław Ka­ro­lak, with sup­port from Mar­cin Krzemi­en, Michał Hore­lik and Jak­ub Smi­ałek (Bank­ing & Fin­ance).  The Ser­bi­an law CMS team was led by Milica Pop­ovic, with sup­port from Ksen­ija Bor­eta, Jovana Bin­gu­lac (Bank­ing & Fin­ance), Ivan Gazdic and Mar­ija Marosan (Real Es­tate & En­ergy). 
5 things you need to know about the DSA in less than 10 minutes!
Oc­to­ber fin­ished with the long-awaited ad­op­tion and pub­lic­a­tion (on the 27th) of the Di­git­al Ser­vices Act (DSA). Al­low us to de­mys­ti­fy the key points of the DSA for you. The DSA is a new leg­al frame­work...
Of­com changes its ap­proach to net neut­ral­ity: how the UK might spear­head...
Over the course of the last 12 months, a num­ber of im­port­ant de­vel­op­ments in net neut­ral­ity have taken place at EU level: cer­tain pre­lim­in­ary rul­ings res­ul­ted in the European body of telco reg­u­lat­or...
Glob­al Life Sci­ences & Health­care For­um 2022: The leg­al sec­tor has a key...
The United Na­tions has pledged to use its pur­chas­ing fire­power to ac­cel­er­ate sus­tain­ab­il­ity along the health­care sup­ply chan­nel and called on the leg­al sec­tor to sup­port its ef­forts. Law­yers are crit­ic­al...