Moravcevic Vojnovic and Partners in cooperation with Schoenherr, working with Norton Rose Fulbright, has advised a group of financial institutions, including Merrill Lynch International, MUFG Bank, Societe Generale, OTP Bank, Erste Group, AKA Ausfuhrkredit-Gesellschaft, and Eurobank Private Bank Luxembourg, on a EUR 450 million facility agreement granted to the State of Montenegro. White & Case reportedly advised the State of Montenegro.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised the Ministry of Finance of Montenegro on a retail government bond issuance that raised EUR 49.87 million from citizens, residents, and Montenegrin companies.

We are witnessing the fact that social media has become an inseparable part of the everyday life of modern individuals. In addition to being one of the main communication channels, businesses increasingly use them to reach consumers more easily. Legal regulation significantly lags behind technologies that are developing at an unprecedented speed. In recent years, the European Union (“EU”) has taken significant steps in regulating various social spheres affected by technological development (e.g., GDPR, the use of AI).

EU accession dominates Montenegro’s political and economic agenda at the moment, according to Vujacic Law Office Partner Sasa Vujacic, who stresses that the country is experiencing a level of momentum not seen in years. Beyond the technical progress on negotiation chapters, he notes that access to new EU funds and a markedly positive cost-of-accession outlook are shaping both policy priorities and market expectations.

Montenegro is leaving the paper trail behind and stepping boldly into the digital age. Driven by the EU integration process and strong encouragement from Brussels, the country is transforming its company law framework into a fully electronic system.

For years, Montenegrin insolvency practice has been facing a recurring problem: companies that would stop performing their business activities and fail to submit annual financial statements to the tax administration could not conduct a liquidation process. These companies were effectively blocked from liquidation unless they could demonstrate that all tax obligations had been settled. In practice, this was unattainable because the tax administration treated missing statements as evidence of possible outstanding liabilities and debts.

Karanovic & Partners, working with White & Case, has advised MidEuropa on the sale of regional dairy producer Imlek to a consortium comprising the family holding of entrepreneur and investor Andrej Jovanovic as lead investor and Imlek’s current CEO Bojan Radun. Sijercic & Partners and Ilej & Partners in cooperation with Karanovic & Partners advised MidEuropa as well. Kinstellar advised the buyers.

The Government of Montenegro (Government) has adopted amendments to the Decision on Defining Blocks for Hydrocarbon Exploration and Production (Decision).

With the entry into force of the Law on the Legalization of Unauthorized Buildings in Montenegro (effective 1 August 2025), a new legal and regulatory framework has been established to address long-standing issues of unauthorized construction and unclear property status.

Montenegro is moving forward with a new wave of legislative reforms, from the digitalization of immigration procedures and clearer residency rules to real-estate measures aimed at improving compliance and market transparency, according to Prelevic Law Firm Partner Gorjana Lekovic, who also reports that the spotlight is on the new planning regulation, judicial efficiency, and a domestic bond program opening to retail investors. 

Harrisons has advised EBRD on two loans to Erste Bank Podgorica, totalling EUR 5 million.

Following the successful 2025 Hungarian General Counsel Summit in Budapest, on October 21, 2025, CEE Legal Matters brought the Balkan General Counsel Summit to Belgrade, gathering leading in-house counsel and legal professionals from across the region.

Karanovic & Partners has advised Lob on its sale to Fortune Entertainment Group in Montenegro. Schoenherr reportedly advised FEG.

BDK Advokati has advised Volcano Bet on its acquisition of IN Export Krusevac.

JPM Partners has successfully represented photojournalist Stevo Vasiljevic before the Court of Appeals of Montenegro in two copyright-related civil proceedings against the local public broadcaster Radio Television Podgorica.

The new Law on Health Care entered into force on August 14, 2025. The purpose of enacting this law is to establish a legal framework that will enable a comprehensive reform of Montenegro’s health care system through alignment with modern standards and the legal acquis of the European Union.

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.

BDK Advokati has advised HillMetrics on its acquisition of Bild Studio.