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.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Havel & Partners has advised Komercni Banka’s Investment platform Upvest and the RSJ investment group on acquiring a 25% stake (with a call option of up to 49%) in Centrum Cerny Most from Unibail-Rodamco-Westfield. Dentons advised the sellers.

Greenberg Traurig has advised Cornerstone Investment Management on the redevelopment of the V-Tower in Warsaw, with Atlas Ward as the contractor.