Luka Popovic Elected as AmCham Montenegro Board Member

BDK Advokati’s partner Luka Popovic was elected a member of the board of governors of AmCham Montenegro on its General Assembly held on 20 July 2021. BDK Advokati has been a long time AmCham member and an active participant in its sectoral committees. Luka’s election reconfirms the firm’s commitment to contribute to AmCham and to pursue its goal of creating a better business environment in Montenegro. SEE Legal Group congratulates the newly-elected board members and wishes them success.

Tendering procedure for Velje Brdo Solar Power Plant

Montenegro intends to launch a tendering procedure for the construction of a solar power plant in Velje Brdo in the capital of Podgorica. The originally planned capacity of 50 MW could be increased to 150 MW or even 300 MW. According to earlier local media reports, Germany’s S&Z Energie Systeme was involved in the initial phase of the project. The estimated value of the investment was EUR 75 million.

Illegal State Aid Threatens to Sink Montenegrin Maritime Transport Companies

Following the decision on opening an investigation into alleged illegal state aid to Montenegrin airline company Montenegro Airlines, which led to grounding of its airplanes and termination of transport operations in December 2020, the Montenegrin Agency for Protection of Competition has opened two more investigations into alleged illegal state aid granted to state-owned transport companies.

BDK Advokati Contributed to the 2020 edition of Chambers and Partners Practical Guide on Gaming

The 2020 edition of the Chambers’ Global Practice Guide on gaming law includes the chapter on Montenegro authored by Luka Popovic, partner and Stefan Djurovic, junior associate in BDK Advokati Montenegro.

Tender for the Award of Concession for Two Montenegrin Airports

On 25 November 2019, the following companies expressed their interest. The total deal value is up to EUR 300 million. Four companies, out of seven initially applied, have been shortlisted for the second round of the tendering procedure: Incheon International Airport Corporation from South Korea; GMR from India; Groupe ADP with TAV; Corporacion America Airports from Luxemburg. It is expected that either GMR or Groupe ADP with TAV will be eliminated from the process because ADP recently acquired a 49% share in GMR. The entire tendering procedure has been delayed several times until…

Development of Corridor 11, Sumadija Corridor and Fruska Gora Corridor

Corridor 11 should connect central and western Serbia with the Montenegrin border. A good part of the corridor from Belgrade to Cacak has been finalised but it is unclear when the development of project documentation for the remaining part will be initiated. Sumadija corridor should connect the two existing Corridors 10 and 11. The road should spread between central and eastern Serbia. It is also unclear when the development of project documentation will be initiated.

Construction of New Container Terminals in the Port of Bar

The Government of Montenegro recently adopted the Strategy for the Development of the Maritime Economy.

Possible Exploitation of Oil in Montenegrin Sea Waters

Until now Russian consortium Eni-Novatek and Greek company Energean performed 3D scanning of ground in the Montenegrin seawaters and determined one location where drilling in search for oil will be performed in spring 2020. If oil is found, the Government of Montenegro may award concession for the exploitation of oil.

Montenegro: New Companies Act

The new Montenegrin Companies Act entered into force on 11 July 2020, introducing numerous novelties in the regulation of companies.

Data Protection in the Education Sector

BDK's senior associate Milica Basta participated in the International Symposium for Directors of Primary and Secondary Schools, organised by the publishing company Klett from Belgrade. The event took place on 27-29 February 2020 in Vrnjačka Banja, and gathered almost 400 school directors from Serbia and Montenegro.

New Labour Act in Montenegro

New Montenegrin Labour Act introduces important changes to the regulation of employment.

BDK Promotions

BDK Advokati announces the promotion of Sasa Stojanovic to partner and Bisera Andrijasevic to senior associate.