CEE/CIS - Serbia

Karanovic & Partners

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The impressive track record of Karanovic & Partners‘ banking and finance team includes syndicated loan facilities, financial derivatives transactions, and large NPL portfolio transactions. The firm is also sought out by international financial institutions and major banks for regional project financings. Senior partner Darko Jovanović specialises in infrastructure and energy financing, construction projects, and PPP developments; Maja Jovančević Šetka’s ‘extraordinary work truly sets her apart’; and Katarina Gudurić covers project finance, restructuring, refinancing, securities, and financial derivatives trading. Tijana Arsenijević is another senior member of the banking and finance practice.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Continuously handles a variety of legal matters in an excellent manner, with all the lawyers from different departments working together on a deal as one team.’
  • ‘They excel in commercial awareness - this is one of their greatest features.’
  • ‘Their attorneys are proficient in industry-specific regulations and familiar with market trends, so they are able to anticipate the potential risks relevant to business.’
  • ‘Some clients wouldn’t use anyone else for a complex deal after working with them - they are the best.’
  • ‘Clients feel completely secure in their advice, as they can witness the amount of experience that goes into everything they present.’
  • ‘They think ahead of every possible option that could influence the deal and prepare a solution to protect clients’ interests. They make it really easy for clients to stay loyal to them.’
  • ‘They are exceptionally friendly, clear in their communications, and quick to answer. Clients feel supported and informed throughout the entire process.’
  • ‘Maja Jovančević Šetka - remarkable ability to collaborate effectively and apply practical expertise while navigating complex issues, practices and boundaries effortlessly. Her extensive understanding and knowledge of banking and financing law go above and beyond, and her dedicated approach to finding solutions is exceptional, minimising any potential risks. Maja's extraordinary work truly sets her apart in the legal field.’

Key clients

  • Axpo
  • Pannonia Bio (ClonBio Group)
  • OTP Fund Management
  • European Bank for Reconstruction and Development
  • International Finance Corporation
  • City of Belgrade
  • Finance in Motion
  • KfW Bankengruppe
  • Serbian Entrepreneurship Foundation
  • Fori
  • CEE BIG

Work highlights

  • Advised Axpo, as an off-taker, on a 105.5 MW wind farm project, which included structuring a financial PPA.
  • Advising Pannonia Bio (ClonBio Group), as sponsor, on the development and financing of six biogas power plants.
  • Advised OTP Fund Management, Hungary and OTP Banka Srbija on the joint acquisition of ILIRIKA DZU in Serbia.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Rising stars

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Darko Jovanović, Maja Jovančević Šetka, Katarina Gudurić

Other key lawyers

Tijana Arsenijević