Montenegro is seeing major changes with the election of a new Supreme Court President, the creation of a state-owned development bank, and tax reforms under the Europe Now 2 program, aligning the country with EU standards, according to Vujacic Law Office Partner Jelena Vujisic.
Harrisons Advises EBRD on its EUR 10 Million Loan to Hipotekarna Banka Podgorica
Harrisons, working with Bird & Bird, has advised the EBRD on its EUR 10 million loan to Hipotekarna Banka Podgorica, secured with EU Supranational Bonds.
JPM Partners Advises Presto Pay on Payment Institution License in Montenegro
JPM Partners has advised Presto Pay on obtaining a payment institution license from the Central Bank of Montenegro.
JPM Partners Represents Montenegrin Agency for Audiovisual Media Services in Dispute with Pink Media Group
JPM Partners has successfully represented the Montenegrin Agency for Audiovisual Media Services in an administrative dispute initiated by the Serbia-based Pink Media Group.
M:tel Fined EUR 806,953.09 for Gun-Jumping in Montenegro
The Misdemeanor Court in Podgorica recently imposed a fine of EUR 806,953.09 on the telecommunications company M:tel doo Podgorica (“M:tel”) for the acquisition, by its related Serbian company, of 50% shares in the Slovenian company Arena Sport doo Ljubljana (“Arena Sport”).
Waiver of Interest on Outstanding Tax Obligations in Montenegro
The Law on the Waiver of Interest on Outstanding Tax Obligations (“Law”) has been officially adopted and will take effect on 1 January 2025. This Law allows for the waiver of unpaid interest on tax obligations that became due before 31 December 2024.
New Waste Management Law of Montenegro – Key Changes for Producers and Retailers
The new Waste Management Law of Montenegro (“the Law”), which came into force on April 12, 2024, represents a step further towards harmonizing Montenegrin legislation with the acquis communautaire, namely key European Union (“EU”) directives in the area of waste management.
Montenegro's Trust in Banks: A Buzz Interview with Milan Keker of KBP Legal
Montenegro’s financial sector is experiencing growth with record-high deposits and increasing trust in the banking system while advancing infrastructure projects and tapping into renewable energy opportunities, according to Keker, Bujkovic & Pejovic Partner Milan Keker.
Recent Changes in the Montenegrin Labour Regulations
Recently, the Parliament of Montenegro has amended the labour regulations by adopting two amendments to the Labour Law in August and September 2024, and by adopting the amendments to the Law on Contributions for Mandatory Social Insurance in September 2024.
Two Decades of BDK Advokati: A Look Back and Forward
On 19 September 2024, BDK Advokati celebrated 20 years since its establishment. BDK Advokati Managing Partner Tijana Kojovic and Senior Partner and Head of the Montenegrin office Luka Popovic reflect on this milestone and discuss the journey of the firm, its evolution, achievements, and aspirations for the future.
Power Play: EU’s New Rules on Market Giants’ Exclusionary Tactics
Montenegro is not a member state of the European Union but rather a candidate country for membership, which status was granted on December 17, 2010. As such, European Union regulations are not directly applicable in Montenegro, however, many regulations have been harmonized with EU directives as a result of the harmonization process (acquis Communautaire).
Keker, Bujkovic, Pejovic Opens Doors in Montenegro
Milan Keker, Aleksandra Bujkovic, and Ivan Pejovic have founded Keker, Bujkovic, Pejovic – KBP Legal – in Montenegro.
Harrisons Advises EBRD on Financing for Alter Modus
Harrisons has advised the EBRD on EUR 10 million in financing for Alter Modus.
Hot Practice in Montenegro: Milos Komnenic on Komnenic & Partners' Real Estate Practice
Komnenic & Partners' real estate practice has been navigating complex challenges, including zoning issues and frequent changes of the government and responsible bodies, while managing several high-profile projects, according to Managing Partner Milos Komnenic, who discusses the ongoing developments in the hospitality and retail sectors, the impact of regulatory uncertainty on investment, and the outlook for Montenegro's real estate market over the next year.
The Status and Future Prospects of AI Regulation and Development in Montenegro
Montenegro lacks specific legal regulations or national strategies for AI, with current AI activities governed by general legal principles from existing laws. Despite the absence of detailed regulations or strong government support, public awareness of AI is relatively high, with 59.1 % of citizens familiar with the technology. Several initiatives are actively promoting the safe development and use of AI, reflecting a growing public interest in influencing future AI regulations.
Montenegro's New Renewable Energy Regulation: Insights and Key Novelties
The Parliament of Montenegro passed the Law on the Use of Energy from Renewable Sources, which was published in the Official Gazette of Montenegro on August 23rd, 2024. The Law will enter into force on the eighth day from the day of its publication in the Official Gazette of Montenegro.
Montenegro’s New Gambling Framework: A Step Towards Responsible Growth
In August 2024, Montenegro’s government took a significant step towards modernising the country’s gambling industry by adopting the Fiscal Strategy for 2024-2027. This ambitious plan, aimed at ensuring macroeconomic stability and responsible governance, includes substantial changes to the gambling framework that could reshape the sector’s future.
The Slow Roast of Summer Months
Summer is traditionally a slower period for many, including the legal sector, but, if used right, the time can pay dividends for law firms.