JPM & Partners is a law firm with offices in Serbia, Montenegro, North Macedonia, and Bosnia and Herzegovina.
Highlights
JPM & Partners North Macedonia acted as local counsel in the acquisition of all shares in WTE Wassertechnik GmbH, a global company in the water treatment sector, by STRABAG AG, a company in the construction industry. The transaction was valued at $104,000,000 and is currently ongoing.
The firm also acted as lead counsel in the acquisition of all shares in BUL-BILDING DOOEL Strumica, a Macedonian company specializing in the cultivation of medical-grade cannabis, by a U.S.-based company. The transaction is valued at $20,500,000 and closed in January 2025.
Key Clients
MINSTROY HOLDING; WURTH; DELTATRE; CONDEVO; ArrowMetals&Trading AG
Testimonials 2024/2025
"Perfect team with detailed knowledge and experience, excellent pricing and timing." (M&A)
"What stood out most about the firm was their deep understanding of both legal and commercial aspects specific to our industry." (Project Finance)
"They were highly responsive and practical, helping us navigate complex contractual terms while protecting our business interests. Their ability to communicate clearly during negotiations—especially when balancing client expectations with operational realities—was crucial." (Project Finance)
"The team demonstrated a rare combination of legal precision, strategic thinking, and a hands-on, client-focused approach, which gave us confidence throughout the process." (Project Finance)
"Ivana Jevtić Nikolova is a great professional with detailed knowledge and experience, fast solving skills." (M&A)
"Ivana Jevtić Nikolova stands out for her sharp legal insight and exceptional negotiation skills. She quickly grasps the core of complex contractual issues and is able to communicate solutions clearly and confidently." (Project Finance)
"Ivana Jevtić Nikolova demonstrated a strong understanding of the commercial sensitivities in client-facing agreements, helping us strike the right balance between legal protection and business flexibility. Her calm, professional demeanour and ability to remain solution-oriented under pressure make her a trusted advisor in high-stakes discussions." (Project Finance)
"Marija Boceska provided exceptional support during my private property division process. She combined deep legal knowledge with a practical, empathetic approach, which made a complex and emotionally sensitive situation much easier to manage." (Project Finance)
"Marija Boceska was highly organized, proactive in identifying potential issues, and clear in her communication at every stage. Thanks to her dedication and strategic guidance, the process moved forward smoothly and efficiently, with outcomes that exceeded my expectations. Her professionalism and personal attention truly made a difference." (Project Finance)
Law Office Pepeljugoski is a corporate commercial law firm based in Skopje. Founded in 1999, it is currently led by founding partner Valentin Pepeljugoski. The firm provides legal services in all areas of commercial law.
Polenak Law Firm is an independent North Macedonia full-service firm established in 1946 and based in Skopje. It has a team of five partners and 11 associates. The firm is experienced in banking work, especially on the side of the lender, and in M&A, including recently on deals in the healthcare sector.
Highlights
Polenak Law Firm acted as local legal counsel for Comino Media Limited in connection to an amendment to a senior multicurrency term and revoling facilities agreement. Their work included advice on the security matters under Macedonian laws and negotiating the aspects of the amendment and restatement agreement concerning Macedonian law aspects. The transaction closed in April 2024.
The team also advised Palmet Enerji Anonim Şirketi in the tender procedure for PPP for financing, designing, construction, management, maintenance and development of the natural gas distribution system in the Republic of North Macedonia in most municipalities in North Macedonia. Their work included preparing and filing the final tender documentation as well as preparing a legal memo on the local regulatory framework for the natural gas distribution market and regulation on commercial and residential gas line installation requirements and the provisions of such services. The documentation was submitted in February 2024, however the project is currently suspended.
Key Clients
Limak; NLB Skladi; Joyson Safety Systems Macedonia DOOEL; M-6 EDEN DOO Skopje; YILDIRIM International Investment Holding B.V.; HelleniQ Energy Holdings; Palmet
Testimonials 2024/2025
"The firm has excellent knowledge of the local market and practice of regulators, a pro-transaction approach, advice that makes business sense for the client, and calmness in a transaction." (M&A)
"Tatjana Shiskovska is very responsive, has excellent knowledge of local regulators' practice, is hands-on the project and is very easy to communicate with." (M&A)
"Kristijan Polenak is the legal eminence in the North Macedonian market, with loads of experience in all kinds of projects, very focused on protecting the client and calm in stressful situations." (M&A)
Testimonials 2023/2024
"They have a meticulous method of legal work and the ability to analyse the matter thoroughly. In addition, they have a good command of the practice and provide guidance that is not only technically but also practically correct." (Project Development
"Aleksandar Dimic is very detail-orientated and time-efficient. He is available by phone or email for any urgent issues, he is more than capable of prioritising the issues and provide advice considering the risk factors."
Founded in 2013, Debarliev Dameski & Kelesoska is a corporate law firm with an office in Skopje. The firm provides legal services in the area of financial and corporate law.
Highlights
The firm advised Immoroc NV Belgum, as seller, in the process of sale of its 100% shares in VanHool Macedonia Dooel Ilinden to VDL Group. The transaction closed in July 2024.
Georgi Dimitrov Attorneys is a North Macedonian law firm established in 1997. The firm is based in Skopje. The firm has a focus on M&A work.
Highlights
The firm provides legal support to Eurolink AD Skopje in their daily operations. The advice is ongoing.
The team also provides legal support to a client in relation to a technology project. The transaction closed in June 2024.
Karanović & Partners is a corporate law firm with an office in Skopje. It is part of the international law firm Karanovic & Partners which was established more than 25 years ago and works with more than 100 cooperating lawyers spread across seven jurisdictions. The firm is active in financial and corporate, and in project development.
Highlights
The firm is advised two clients in relation to a transaction for refinancing of Cinesite VFX Limited. The transaction closed in March 2024.
The team also provides ongoing legal support to IuteCredit, a financial company offering microfinancing arrangements in the form of consumer credits.
Founded in 2015, Papazoski and Mishev Law Firm is a corporate law firm with an office in Skopje. The firm is active on financial and corporate matters.
Highlights
The firm advised a client on the development of a 400MW wind farm project in North Macedonia. The project is currently ongoing.
The team also assisted on a project acqusition transaction for a 400MW wind farm located in Shtip North Macedonia. The transaction closed in April 2024.
Schoenherr North Macedonia is a country desk, based in Skopje, of the international law firm Schoenherr, which was founded in 1950 and has a team of more than 250 offices spread across 15 offices, with four country desks in Central and Eastern Europe. The firm is active in all areas of financial and corporate law, and in project development.
Highlights
The firm advises a client on all aspects of their business in North Macedonia, including the incorporation of a new subsidiary. The advice is currently ongoing.
The team also advised a software and IT company on the sale of a majority ownership stake in the company to Modirum. The transaction closed in July 2024.