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Portrait ofMilica Popović

Milica Popović

Partner

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

  • 2008 – LL.M, Law, Columbia University Law School, New York
  • 2001 – LL.B, Law, Law School, University of Belgrade
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Feed

20/11/2023
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...
Comparable
15/05/2023
CMS advises NLB Group
Published on 15 May 2023CMS has advised NLB Komercijalna banka a.d. Beograd and NLB d.d. Ljubljana, both members of the largest banking and financial group in Slovenia, NLB Group, on the financing of the reconstruction of Sava Center, the largest congress venue in Southeast Europe. This iconic Belgrade landmark, officially opened in 1977 and host to numerous large-scale events and performances, has recently been acquired by Delta Holding and is embarking on a new era with the start of its reconstruction in 2021. The CMS Belgrade team, led by partners Ivan Gazdić and Milica Popović and including senior attorneys Ksenija Boreta, Jovana Bingulac and Sandra Miljanić, as well as members of the CMS International Finance team based in Bucharest, led by partner Ana Radnev, have provided full legal support in the preparation of finance documents for the EUR 55 million loan. The reconstruction of the 100,000 square meter building is taking place in two parallel phases, with the first expected to be completed by November 2023 and the second in the first half of 2024. The investment will amount to over EUR 100 million, a part of which is financed through the loan granted by NLB Group. This loan continues to strengthen NLB Group’s position as a leading financial institution in the SEE region. We extend our congratulations to all parties involved in this significant project for Serbia!
03/05/2023
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...
24/01/2023
CMS advises EBRD on major loan to Serbian machining manufacturer
24/01/2023In­ter­na­tion­al law firm CMS has advised The European Bank for Reconstruction and Development (EBRD) on a EUR 10.8 million loan to Serbian company Stax Technologies (Stax). Stax is a manufacturer of paper tissue packaging machines based in Konjevići. It intends to use these funds to expand its production facilities, purchase state-of-the-art equipment and implement energy efficiency improvements, including the installation of a new 300KW rooftop solar power system, which will allow the company to produce the energy it needs for its own operation in a sustainable way. CMS advised EBRD on all English and Serbian law aspects of the transaction and acted as a leading counsel, providing assistance in preparation, negotiation and completion of the relevant finance and security documents and closing the transaction. CMS Partner Rafal Zakrzewski com­men­ted: “We are delighted to have advised our long-standing client EBRD on this loan, which will have such a positive impact for the local Serbian community. The firm’s leading position in the CEE and expertise allows us to handle more and more major and complex transactions for our clients.”The CMS English law team was led by Rafal Zakrzewski and Orest Matviychuk, with support from Ivan Pshyk and Michal Horelik (Finance). The CMS Serbian law team was led by Milica Popović with the support of Jovana Bingulac, Ksenija Boreta (Banking and Finance); and Marija Marošan (Real Estate and Energy).
03/11/2022
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). 
02/03/2022
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).
07/12/2021
CMS Belgrade supports Hystead Limited in the divestment of Delta City Belgrade
UK-based Hystead Limited, majority-owned by South African Hyprop Investments, has successfully closed the sale of Delta City shopping mall in Belgrade, Serbia. Delta City Belgrade, one of the most visited shopping malls in Serbia, has been acquired by MPC Properties, one of the leaders in construction and real estate management in the region. CMS Belgrade has been selected to provide full legal support to Hystead Limited in this EUR 115 million transaction. The team of CMS Belgrade experts headed by partners Maja Stepanović (Corporate/M&A) and Milica Popović (Banking & Finance) assisted the client throughout the transaction, providing support in negotiations, closing activities and tax structuring. Other team members whose engagement has been invaluable are Real Estate and Construction co-heads Ivan Gazdić and Marija Marošan.
25/11/2021
CMS Belgrade provides full support to UniCredit Bank Serbia in the refinancing...
UniCredit Bank Serbia and Elicio Ali VE, a 100% subsidiary of Elicio NV, successfully closed the refinancing transaction of the 42 MW Alibunar wind farm in Q3 2021. CMS Belgrade has been selected to prepare the full set of finance documents for UniCredit Bank Serbia as the sole lender in the EUR 53 million re­fin­an­cing.  Com­ment­ing on the transaction, Nikola Vuletić, Chairman of the Management Board of UniCredit Serbia, said: “We are proud that Elicio once again recognised our bank as a reliable partner for the first refinancing of an operational wind farm conducted in Serbia. This is a clear example of how banks and the renewables sector can contribute to improving overall energy security and consumption of renewable energy in Ser­bia.”  Alain Janssens, CEO of Elicio, added: “This refinancing represents an important milestone for the Serbian renewables market as it affirms the strong fundamentals of the project and the bankable regulatory environment for renewable energy production in Serbia. The transaction also confirms the funding available in the Serbian market to locally finance well-structured projects and to do so on longer tenors. These are crucial conditions for realizing Serbia’s considerable ambitions in terms of an increased contribution of wind energy to the energy mix, an area in which Elicio will continue to actively par­ti­cip­ate.” The team of CMS Belgrade experts headed by partners Ivan Gazdić and Milica Popović provided full legal support in every phase of this landmark refinancing, from the legal due diligence review to full-scope advice on multiple regulatory, real estate, corporate, project finance and other legal issues and drafting of the finance documents. Other team members include Ksenija Boreta, Marija Marošan, Igor Đorđević, and Teodora Vujošević.
16/08/2021
Data protection and security
Expert legal advisers
26/05/2021
CMS Slovenia and CMS Serbia joined forces to support Sportina Group
CMS Slovenia and CMS Serbia joined forces to support Sportina Group, the largest fashion retailer in Central and Southeast Europe, in the process of implementing a new online sales channel by entering...
30/04/2021
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. 
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...