IFLR 1000
The Guide to the World's Leading Financial Law Firms

	Lawyers Office Bojana Tkalcic-Dulic Olodar Prebanic Adela Rizvic & Arela Jusufbasic-Goloman Maric & Co Sead Miljkovic; Independent Attorney at Law (in cooperation with Wolf Theiss Sarajevo)
	CMS Reich-Rohrwig Hainz Stevan Dimitrijevic Law Office (in cooperation with Karanovic & Nikolic)
	Advokatska Firma Sajic

Ever since commencing its cooperation with Stevan Dimitrijevic in 2007, the Serbian law firm Karanovic & Nikolic has contiued to strengthen its presence in Bosnia and Herzegovina. In September 2010, the firm extended its practice to Sarajevo through cooperation with Nihad Sijercic's law office.... [more]

Ever since commencing its cooperation with Stevan Dimitrijevic in 2007, the Serbian law firm Karanovic & Nikolic has contiued to strengthen its presence in Bosnia and Herzegovina. In September 2010, the firm extended its practice to Sarajevo through cooperation with Nihad Sijercic's law office. "They have a client niche which is solid. They are now more closely aligned with the government of RS (Republic of Srpska)," says one peer.

Stevan Dimitrijevic has been active on the firm's major deals this year, helping it to develop a reputation in the energy sector and for project finance in general.

In significant mandates, the firm is advising RWE Power (one of Europe's five leading electricity and gas companies) on various issues pertaining to its investment in the energy sector. The firm also advised Eisenberger & Herzog (who advised Energy Eastern Europe Hydro Power) in relation to the potential acquisition of a local electricity company and Squire Sanders & Dempsey and the European Bank for Reconstruction & Development (EBRD) on infrastructure financing.

The firm has also been strengthening its ties with the Government of the Republic of Srpska, and recently advised it on a major PPP (public-private partnership) project for the development of the highways network in the Republic of Srpska/Bosnia and Herzegovina, under a concession granted to Strabag Austria. Furthermore, the firm conducted due diligence of a local company for the Telecommunications Company of the Republic of Srpska (Telekom Srpske Banja Luka).

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	CMS Reich-Rohrwig Hasche Sigle Jankovic Popovic & Mitic Karanovic & Nikolic
	Harrisons Solicitors Moravcevic Vojnovic Zdravkovic in cooperation with Schoenherr Prica & Partners Wolf Theiss
	Bojovic Dasic Kojovic Drazic Beatovic & Partners Joksovic Stojanovic & Partners Spasic & Partners Zivkovic & Samardzic
	IKRP Rokas & Partneri Law Office Milosevic Law Office Tomislav Sunjka Ninkovic Law Office Studio Legale Sutti Tomic Stevic Dulic (TSD)
	Kinstellar

Karanovic & Nikolic is preeminent on the Serbian legal landscape. In an uncertain market, which is in the midst of professed transition, it represents a break from the past as it is a Western style law firm that offers innovative structures relative to the space it occupies.... [more]

Karanovic & Nikolic is preeminent on the Serbian legal landscape. In an uncertain market, which is in the midst of professed transition, it represents a break from the past as it is a Western style law firm that offers innovative structures relative to the space it occupies. It is important to emphasise that this large firm is not an international firm. Rather, it is a Serbian firm that is starting to garner influence at a brisk pace, not only in Serbia, but in the region. "Karanovic is a large firm and they are a good firm, we often see them across the table when we're doing deals," one partner says. "My personal view is that Karanovic & Nikolic are top players on the Serbian legal market, from the infrastructure and manpower, from quantity and quality," another partner says.

Milos Vuckovic is a practitioner that has been subject to praise. "He's a good lawyer, he's a good lawyer definitely," one peer says, with another adding: "He is one of the persons in their office who is probably with the longest experience in the company, he is a person with some talent, with some experience. He is a person you can rely on if you need something new." Irish lawyer, Patricia Gannon is also a popular figure on the market and has been described by her peers as a "rainmaker". "Patricia, as far as I know, is not doing local lawyering. She's an excellent lady, she's a business developer person," one partner says.

In the last twelve months, the firm has had its share of top instructions. It advised Export Development Canada with regard to a €135 million term loan granted to state owned company, Rudarsko-Topionicarski Basen Bor (RTB Bor). The loan, guaranteed by the Ministry of Finance, will be used for the construction of new copper smelter in RTB Bor. This promises to help the company modernise its business and attract new investors. Additionally, the firm advised the European Bank for Reconstruction & Development (EBRD) in regard to the €130 million financing of a new inner ring road, including a new bridge crossing over the Sava River at Ada Ciganlija. The bridge is the first one constructed in Belgrade for 35 years. Last but certainly not least, the firm advised Deutsche Telekom on the privatisation and expected €1.4 billion acquisition of Serbia's biggest telecom operator, Telekom Srbija.

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