Mergers & Acquisitions

Mergers & Acquisitions

BDK Advokati has extensive experience in M&A transactions in Serbia, Montene­gro and Bosnia and Herzegovina. Our strategic orientation is on regional deals and on the complex local-law governed deals even if they are located within the single jurisdiction. Sector-wise, we have advised on deals involving all major industries, such as finan­cial services, ICT, FMCG, energy, mining, tobacco, healthcare and life sciences and transports, but what singles us out is experience in innovative industries. We have industry-focused multidisciplinary teams, which enables us to effectively advise and provide transaction support in the context of highly regulat­ed industries. We have acted on acquisitions involving both listed and privately held targets and have experience in privatizations and private deals. We assist clients in structuring their acquisitions and joint ventures and implementing takeovers, squeeze-outs and compulsory buy-out schemes. Besides acting for buyers, we have also gathered significant transactional experience on the sell-side.

We have the capacity to use artificial intelligence in due diligence, and thus to efficiently and quickly assist clients on deals involving large volumes of documentation.

“Exceptional project management, in-depth knowledge of legal and commercial issues and responsiveness.”

“Solution orientated, deep knowledge of the market.”

“They are very well organised and have a great team of experts in all of the relevant fields. They are very solution oriented and have a great understanding of clients’ needs.”

“Without a doubt, they have the knowledge and the expertise but also an excellent work organisation; they are quick to react when needed; good at leading a team or just providing support and they always provide sensible practical input, which is especially valuable for our clients. They are very easy to work with.”


“Long-standing expertise in advising domestic and international clients on transactional and regulatory issues. Widely respected for its excellence in M&A transactions, covering a wide range of sectors including telecommunications, chemicals and technology. Acts on behalf of domestic corporate and industrial clients as well as international investors and private equity funds. Additional experience acting for pharma and mining clients on M&A transactions. Also handles distribution agreements, joint ventures and regulatory issues.

‘the firm was able to quickly understand the nature of our business and frame it in the context of Serbian laws and regulations.’

‘I was happy with their services. I would happily recommend them to somebody wanting to do a Serbian acquisition.’”


“Leading regional firm that operates primarily out of Belgrade with support from the Podgorica office. Boasts a strong corporate and commercial practice, excelling in M&A transactions and privatisations as well as banking and finance mandates. Frequently assists international clients with market entry and inbound investment matters. Advises regional companies from an array of sectors, with a notable focus on telecommunications, energy and natural resources, and matters involving Montenegrin governmental entities.

‘the lawyers understand the local market better than anyone else. They are very flexible as well.’”


“Banja Luka-based emerging practice with noteworthy activity in the corporate and commercial and labour and employment fields. Key areas of strength include advising major names from the tobacco industry on their corporate affairs as well as representation in labour disputes. Additionally delivers regulatory advice in fintech.

‘They were very commercially-minded and their expertise was of a very high level; they were able accompany us throughout the whole process.’

‘Working with them was an overall very pleasant experience. We will look to engage with them in the future.’”


“BDK Advokati traditionally acts for buyers on M&A deals. Recently the team has been increasingly active in significant sell-side mandates. M&A and corporate head Vladimir Dašić consistently advises on prominent M&A deals in Serbia, Montenegro and Bosnia and Herzegovina, and Tijana Kojović is a corporate and commercial law and M&A specialist. Saša Stojanović specialises in corporate law and M&A transactions and heads the German desk.

‘BDK is fully focused on its clients. Its ability to suggest solutions to bypass deadlocks and help clients move projects forward is instrumental in completing deals. The team’s availability is literally round-the-clock, which is incredible.’

‘The team is both competent and knowledgeable.’

‘The team is client oriented, flexible, creative and solves problems.’”


“BDK Advokati’s ‘very precise, to-the-point and accommodating’ practice fields experts in finance, corporate and M&A transactions. The team advised Société Générale on the €3.05bn financing of PPF Group’s acquisition of the telecom assets in Central and Eastern Europe of mobile operator, Telenor. Luka Popović in Podgorica is highly rated for M&A, corporate and commercial law, and real estate deals. Associate Jelena Bogetić focuses on litigation, employment law and employment disputes, and IP, including counterfeiting-related administrative procedures.

‘The lawyers are thorough experts, committed and willing to co-operate.’”


“BDK Advokati is a regional firm often mandated by magic circle firms to act as local counsel on large multi-jurisdictional transactions. The firm has acted for private equity firms, large multinational corporations and investment banks on some of the country’s largest acquisitions and financings. Although the firm has strength across the board, its lender-side financing works stands out most.

‘BDK is a very practical firm that truly understands what Fortune 500 in-house lawyers and the team need – speed of execution and risk evaluation.’ – M&A

‘Generally very good work and good balance of legal and commercial insight.’ – M&A


“The Montenegro office of regional firm BDK Advokati benefits from the support of its network. Active across the board the firm is notable for advising the government on its M&A and project development activity in the power sector.

Recently the firm has advised on the local aspects of large regional acquisition and financing transactions, including several private equity deals.”