Karanović & Nikolić is a leading international legal practice in South East Europe.

Karanović & Nikolić is a leading international legal practice in South East Europe.

Karanović & Nikolić offers unrivalled regional and sector specific coverage to investors. We are market leaders because of our dedication, quality legal service, and in-depth understanding of the needs of our clients.

With over 100 advisers across the region, our original values remain an integral part of our philosophy and approach to client work. Karanović & Nikolić has been involved in many of the largest and most complex transactions in the region and we take pride in our reputation as a regional transactional and corporate/commercial legal powerhouse.

Because we have an active business presence in Bosnia & Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia, we operate seamlessly across all of these jurisdictions, providing regional services to our clients, while taking into consideration local particularities in order to provide the best legal advice under competitive terms.

We are practical and highly commercial, understanding that the commercial implications of our advice are often as important as the technical aspects. Renowned for the quality of our lawyers and our commercial approach to solving problems, Karanović & Nikolić advises many of the leading companies, banks, investors and government institutions doing business in the SEE region.

Bosnia & Herzegovina

Bosnia & Herzegovina is located on the Balkan peninsula in South East Europe, and has some of the most unique natural beauty and cultural heritage in the region. The country is currently undergoing transitional liberal market reforms and has had to rebuild its economy from its war-torn past. A strong industry base focused on metals and metal processing, which was developed and fostered during socialist times, continues to exist, however, growth in the tourism, IT and agriculture and food processing sectors are currently being promoted in attracting investment.

Karanović & Nikolić is currently the main legal practice providing seamless legal services, in cooperation with local lawyers – members of the local bar chambers, to its clients from two fully operational offices in both entities of Bosnia & Herzegovina, the Republic of Srpska and the Federation of Bosnia & Herzegovina. Partner Nihad Sijerčić heads up the team in Bosnia & Herzegovina. Both offices in Bosnia & Herzegovina offer full corporate and commercial legal services to clients, with a particular focus on banking and finance, merger and acquisitions as well as large-scale energy and infrastructure transactions.


With its accession to the European Union on 1 July 2013, Croatia offers attractive incentives for investors, strategic location, and a highly-educated workforce, with an economy centered around tourism, industry and agriculture.

In 2012, Karanović & Nikolić established cooperation with local lawyers in Croatia. Due to local rules governing the profession, we are not able to share additional information.


Macedonia, located in the central Balkan peninsula, has introduced wide reaching economic reforms since its independence in 1991, resulting in a more favourable business climate.

With an economy centred around services, industry and agriculture, low corporate tax rates and speedy company registration procedures have made Macedonia a focal point for foreign investors in the region.

Karanović & Nikolić began operating in Macedonia in 2009, responding to a strong demand for legal services in this dynamic emerging market.

Led by Senior Associate Leonid Ristev, this team of eight advisors is ideally placed to provide legal support to domestic and international clients by advising on existing operations in the country or assisting investors in entering this market.


Before the 2008 financial crisis, Montenegro achieved the fastest GDP growth in the region, with the average growth rate reaching 9%. A key driver of economic growth was an influx of the foreign direct investment (FDI) in the country, particularly in the real estate, tourism and hospitality sectors. Montenegro has focused its economic development on becoming an elite tourism destination and has one of the fastest-growing tourism sectors in the world.

Karanović & Nikolić has been present in the Montenegrin market since 2006 operating from its office in the centre of Podgorica. Working in cooperation with experienced Montenegrin lawyers Milena Rončević and Milan Keker, our legal advisors in Montenegro are ideally placed to provide a wide range of corporate and commercial legal services to domestic and international clients.

The Montenegrin team is specialised in providing investors, particularly those in the hospitality and tourism sectors, with legal support in the areas of real estate, banking and finance and infrastructure finance.


Serbia is located in the central Balkans, at the juncture between Central and South East Europe. The Serbian economy is based on services, industry and agriculture and is the favoured destination in the region for investment in large-scale manufacturing.

Founding partners Dragan Karanović, Dejan Nikolić and Patricia Gannon opened the first office in Belgrade in 1995, and their legal practice has since grown into a regional full-service legal services provider and M&A and transactional powerhouse.

Also in the field of banking and finance as well as in real estate matters, the legal advisors of Karanović & Nikolić assist clients on high-level cases.

Karanović & Nikolić offers unrivalled regional and industry specific coverage to investors. A clear vision and consistent top quality legal work, dedication and an in-depth understanding of the client’s industries and needs make Karanović & Nikolić a top ranked regional professional services provider.


Slovenia is an EU member benefitting from a highly skilled workforce, well-developed infrastructure, and a strategic location at the crossroads of major trade routes. In this central and strategic market, Karanović & Nikolić is offering leading legal advice to national and international clients.

In early 2015, Karanović & Nikolić opened its Slovenian office. With market entry, our legal practice now covers a total of six jurisdictions throughout South East Europe

Marko Ketler, Partner and Attorney at Law in cooperation with Karanović & Nikolić, who has over eight years of experience in advising clients on M&A and restructuring transactions, leads our team of legal advisors based in Ljubljana. Karanović & Nikolić Slovenia offers a wide spectrum of legal services covering everything from corporate mergers and acquisitions, banking and finance matters, public-private-partnerships (PPP) as well as real estate and infrastructure projects, to general aspects of business law in Slovenia in relation to day-to-day operations from clients.

The team is actively involved in several significant M&A, banking and finance, restructuring and real estate projects in the country.


Karanović & Nikolić is member of the World Services Group, a multidisciplinary organisation of professional services providers. We enjoy excellent professional relationships with top international law firms and maintains excellent non-exclusive referral relationships with several. Karanović & Nikolić is also a corporate member of the International Bar Association, is a member of the Energy Law Group, a network of Independent European Law Firms with niche expertise in energy and natural resources. Our lawyers have leadership positions at the Foreign Investors Council, the American Chamber of Commerce in each jurisdiction where we practice, enabling us to work with industry committees seeking dialogue with Government.

Awards and rankings

The principal international rankings and directories place Karanović & Nikolić as the leading legal practice in all the markets where we operates.

Karanović & Nikolić was also named Law Firm of the Year – Southeast Europe and the Balkans by the UK’s The Lawyer magazine.

Our clients

Karanovic & Nikolic is proud to serve multinational, regional and local clients, as well as leading international and financial institutions across all business sectors and industries. Through the provision of practical and pragmatic legal advice, the firm helps its clients both enter and maintain a presence in the markets of Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia. Every client is unique and incredibly important to us. We actively support new, innovative and emerging start-ups that have an interest in establishing themselves in the region regardless of whether they are locally or internationally based. Benefiting from the wealth of specialised lawyers we aim to explain each legal issue from every angle and assess a client’s risk and liability from all possible perspectives in order to ensure a successful outcome.

Choosing the correct local partners is key and when working with Karanovic & Nikolic we ensure that all issues raised will be dealt with promptly, confidentially and in a discreet manner. The firm is continually trying to reduce its clients’ exposure to any reputational risk through a strict adherence to local and international corruption prevention legislation. Karanovic & Nikolic takes great care to protect and maintain the highest ethical standards when conducting its work.

All of the firm’s lawyers are bilingual and are fully equipped to provide a complete legal service in either their local language or through English. In addition there are numerous lawyers at the firm that speak fluent Italian, French and German.

Our people


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  1. Address: Bosnia & Herzegovina Karanovic & Nikolic in cooperation with local lawyers Republic of Srpska: Gunduliceva 4, 78000 Banja Luka Tel: +387 51 250 001 Fax: +387 51 250 005 Sarajevo: Fra Anđela Zvizdovića 1, BC UNITIC, Tower B/II, 71000 Tel: +387 33 844 000 Fax: +387 33 844 003 Email: KNbosnia@karanovic-nikolic.com Croatia Karanovic & Nikolic in cooperation with Josip Marohnic, odvjetnik / attorney at law Zagreb: Radnicka 52/R3, 10000 Zagreb Tel: +385 1 5601 330 Fax: +385 1 5625 865 Email: KNcroatia@karanovic-nikolic.com Macedonia Karanovic & Nikolic in cooperation with local lawyers Skopje: Bulevar Partizanski Odredi No.14, Aura Business Center, 3rd floor, app. 5, 1000 Tel: +389 2 322 3870 Fax: +389 2 322 3871 Email: KNmacedonia@karanovic-nikolic.com Montenegro Karanovic & Nikolic in cooperation with local lawyers Podgorica: Serdar Jola Piletica bb, Palada Building, II Floor, 81000 Tel: +382 20 238 991 Fax: +382 20 238 984 Email: KNmontenegro@karanovic-nikolic.com Serbia Belgrade: Resavska 23, 11000 Tel: +381 11 3094 200 Fax: +381 11 3094 223 Email: KNserbia@karanovic-nikolic.com Slovenia Karanovic & Nikolic in cooperation with local lawyers Ljubljana: Dunajska cesta 167, 1000 Ljubljana, Slovenia Tel: + 386 1 2009 680 Fax: + 386 1 2009 699 Email: KNSlovenia@karanovic-nikolic.com
  2. Tel: +381 11 3094 200
  3. Fax: +381 11 3094 223