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Infrastructure & Projects

As a sponsor, lender or public sector organisation, you require legal advisors who can help you to successfully handle complex infrastructure transactions and projects in time. Whether you are involved in projects related to health, education, waste & water, energy, defence, leisure, custodial & justice, IT/telecoms, public buildings, ports, rail, roads or aviation, you will get the legal advice you need from us. With over 200 lawyers working in this sector, we can support you in virtually any industry sector and any part of the world including Europe, the Middle East, Africa, Asia and the Americas.

We have delivered numerous deals in the infrastructure sector with a combined value of many billions of euros, advising on public private partnerships, energy and renewables projects, including the largest offshore wind farms in Europe, infrastructure and utilities investments. If complex project financing is an issue, CMS is the right choice to facilitate solutions between sponsors, lenders and the capital markets. We have done so for international finance institutions such as EIB, EBRD or World Bank and for the most reputable commercial banks.

If you are an investor selling or buying an interest in a concession, a utility business or a PPP deal or if you bid for a contract, you need expert guidance through the complex bidding process. CMS has available experts in applicable national laws on concessions and public procurement. Finally you may want your advisor to help you avoid pitfalls of tax law or public accounting.

Our lawyers have expertise across these sectors, ensuring quick deal completions on terms that make your risks manageable, obey your internal processes and optimise your returns. And if you are facing a potential dispute, we have the experts to support you through dispute resolution procedures or litigation action.

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Public-Private Partnerships (PPP)
Co-operation between the public and the private sector in building and running infrastructure facilities or offering public services often takes place


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!  
Reg­u­la­tion on for­eign sub­sidies is head­ing for the fin­ish line - European...
Since 5 May 2022, EU tri­logue ne­go­ti­ations have been un­der­way on the first Reg­u­la­tion to lim­it the ef­fect of sub­sidies from third coun­tries to com­pan­ies act­ive in the EU. That an agree­ment will be reached...
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
EU and UK Sanc­tions against Rus­sia: a fo­cus on the Fin­an­cial Sec­tor
In re­cent days the EU and the UK have ad­op­ted and ex­pan­ded a num­ber of  sanc­tions meas­ures against Rus­si­an and Be­larus­i­an in­di­vidu­als and com­pan­ies. This art­icle fo­cuses on re­strict­ive meas­ures dir­ec­ted...
Emer­ging Europe M&A Re­port 2021/2022
Fol­low­ing glob­al trends, the M&A mar­ket in emer­ging Europe surged in 2021— more money was spent on ac­quis­i­tions and in­vest­ments than in any of the pre­vi­ous sev­en years. After a re­l­at­ively poor show­ing in 2020, trans­ac­tion volume also bounced back to pre-pan­dem­ic levels. Not only did dir­ect ac­quis­i­tions and in­vest­ments fare well, but stock mar­ket list­ings also reached un­pre­ced­en­ted levels. Has the M&A mar­ket in emer­ging Europe scaled new heights?Wel­come to the 2021/22 edi­tion of the Emer­ging Europe re­port.
Real es­tate mar­ket stable I Re­new­ables gain mo­mentum
Ivan Gazdić, Head of Real Es­tate, In­fra­struc­ture and Pro­jects at CMS Bel­grade, has giv­en an in­ter­view for the Guide to the For­eign In­vestors Coun­cil 2021/22 in his role as Pres­id­ent of the In­fra­struc­ture and Real Es­tate Com­mit­tee of FIC Ser­bia. He shares in­sight in­to the real es­tate mar­ket and pro­jects in Ser­bia and pre­dicts fu­ture de­vel­op­ments in the en­ergy sec­tor. 
Ser­bia: The Belt and Road Ini­ti­at­ive
This art­icle was first pub­lished in CDR – Es­sen­tial In­tel­li­gence: The Belt and Road Ini­ti­at­iv­eThe One Belt, One Road Ini­ti­at­ive (the “BRI”) tends to de­vel­op polit­ic­al and eco­nom­ic co­oper­a­tion with European coun­tries, es­pe­cially those situ­ated in the Balkans, and Ser­bia is no ex­cep­tion. In fact, as its po­ten­tial has at­trac­ted many Chinese in­vestors, Ser­bia may be deemed as a lead­ing coun­try in terms of prom­in­ent BRI in­vest­ments that have oc­curred (and, con­sequently, one of China’s key part­ners), most of which are in the in­fra­struc­ture and en­ergy sec­tors.
Re­ima­gin­ing Trans­port: Hy­dro­gen Trains
In the first in our Re­ima­gin­ing Trans­port series, we look at the po­ten­tial for hy­dro­gen powered trains to be­come a part of the rail net­work’s move to net-zero. Already in op­er­a­tion in se­lect rail lines...
Some leaks can­'t be fixed
“Con­fid­en­tial in­form­a­tion is like an ice cube... give it to the party who has no re­fri­ger­at­or or will not agree to keep it in one, and by the time of the tri­al you have just a pool of wa­ter.” This...
Chal­len­ging bond calls on in­ter­na­tion­al pro­jects: Eng­lish courts vs Emer­gency...
A re­cent de­cision of the Eng­lish Com­mer­cial Court has re­fused an ap­plic­a­tion for an in­junc­tion re­quir­ing a be­ne­fi­ciary un­der an on-de­mand bond to with­draw its de­mand and re­frain from mak­ing fur­ther de­mands...
BAT con­clu­sions for large com­bus­tion plants an­nulled – What next?
On 27 Janu­ary 2021 the Gen­er­al Court of the European Uni­on de­clared the so-called BAT con­clu­sions for large com­bus­tion plants an­nulled. It is worth con­sid­er­ing what this rul­ing really means and what it...
The rise of the glob­al ex­pert ser­vices prac­tice: Court of Ap­peal guid­ance...
A Court of Ap­peal de­cision earli­er this week has up­held an in­junc­tion gran­ted by the TCC pre­vent­ing an in­ter­na­tion­al ex­pert ser­vices firm from act­ing for more than one party to an in­ter­na­tion­al con­struc­tion...