CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Based on the contents of the government decree on construction works in effect since 1 October 2024, all domestic construction or design firms and self-employed persons must have compulsory contractors' liability insurance starting from 15 January 2025.
ZSP has advised NLB Komercijalna Banka on a EUR 45.5 million facility for Delta Real Estate for the refinancing of Crowne Plaza Belgrade.
Kinstellar has advised the BHM Group on the acquisition of a majority stake in Prague Port Group from HD&PB. Glatzova & Co reportedly advised the sellers.
PeliPartners has advised the Argo Capital Property group on the sale of the Shopping City Suceava mall.
At the session held on December 19, 2024, the Government of Montenegro adopted the Bill of Law on Construction of Buildings and the Bill of Law on Spatial Planning. It was proposed that these laws should be adopted through an expedited procedure.
CMS has advised AEW on the sale of the Myslbek office and retail project to Max Realitni Fond SICAV.
Montenegro’s real estate sector is undergoing significant transformations due to recent legislative changes and proposed reforms, particularly in the tourism sector. These novelties will impact investors, developers, and most certainly the entire economy of Montenegro, but it remains debatable if the impact will be positive.
