Independent reviews

*Chambers Global 2018

Corporate/Commercial - Serbia

"Clients say that managing partner Tijana Kojović is a ‘great lawyer with a strong understanding of the clients' business needs and Serbian law.’ She is well respected by her peers and has a broad practice that spans corporate, M&A and finance issues. She regularly handles complex multi-jurisdictional mandates and is well versed in matters involving Montenegro.

Head of the firm's M&A practice, Vladimir Dašić has experience handling cross-border transactions in Serbia, Montenegro and Bosnia and Herzegovina. He has particular experience of acting for private equity clients on acquisitions and disposals across the region.

Dragoljub Cibulić manages the firm's Montenegrin office out of Belgrade. He is noted for his experience of advising foreign clients on their energy and real estate investments in the region. He also has noted expertise in mandates in the construction and infrastructure sectors, including joint venture agreements and privatisations."

Corporate/Commercial - Montenegro

"Dragoljub Cibulić is endorsed by interviewees, who note his ‘good track record’ in the Montenegrin market. Primarily Belgrade-based, Cibulić is particularly noted for his prowess on real estate mandates. He also offers advice to clients from the energy sector.

Luka Popović has significant experience of handling M&A transactions for high-profile international clients. He also has expertise in matters relating to real estate and commercial law."



  *Chambers Europe 2018


Banking & Finance

"Highly regarded banking and finance team with a strong focus on cross-border lending and transactions involving financial derivatives. Advises large international banks and sponsors on complex regulatory projects and on project and acquisition finance. Offers noteworthy advice on restructuring and formal insolvencies, with particular experience of NPL transactions, where it has experience of acting for private equity companies.

The lawyers are ‘thorough and practical with their advice and have a particularly good understanding of derivatives.

good team who are efficient and very responsive

provides concise and effective advice in a number of legal practice areas.’"


"Strong, co-ordinated team of lawyers that possesses noteworthy experience in EU competition law. Offers additional advisory expertise in Montenegro and Bosnia & Herzegovina. Knowledgeable in merger control cases, antitrust infringements, cartels and state aid. Regularly advises regional and international clients from the pharmaceuticals, software and telecoms sectors on their competition concerns."


"Long-standing expertise in advising domestic and international clients on transactional and regulatory issues. Widely respected for its excellence in M&A and financing transactions, having specialist knowledge in a range of sectors including TMT, infrastructure and energy. Acts on behalf of domestic corporate and industrial clients as well as international investors and private equity funds. Additional experience of acting for pharmaceutical and mining clients on M&A transactions.

Interviewees praise the firm for its ‘expertise in Serbian law and ability to scale out with specialists in other practice areas.

International clients praise the firm for providing ‘clear and logical feedback.’"

Dispute Resolution

"Respected firm with a distinguished practice in international arbitration, alongside high-end activity on commercial and criminal litigation. Clients include large-scale industrial groups, state entities and international corporate clients. Proven track record in investment arbitration involving the Serbian state or state entities. Possesses specific expertise in construction, shareholder and claw-back litigation. Also acts on insurance claims for companies such as new client Güneş Sigorta.

Clients praise the firm for its ‘broad knowledge and clear answers,’with others also saying the firm is ‘very co-operative and loyal to deadlines.

The firm is‘very smart and responsive in drafting and understanding what we need.’"


"Outstanding department that receives strong recognition from the market. Provides a broad scope of advice on employee-related matters such as immigration, the analysis of dismissals and workplace health and safety. Possesses additional expertise in whistle-blowing issues. Routinely advises on the impact of EU law on Serbian legislation. Also assists with labour litigation, data protection and privacy issues.

Clients praise the firm for its ‘excellent service in terms of speed, thorough knowledge, practical advice and excellent English.

Other sources highlight the firm's ‘remarks are concise, comprehensive and easily accessible to people with no background in Serbian employment law.’"

Projects & Energy

"Noted expertise in the renewable energy sector, where it assists international clients, including contractors and investors, with large-scale projects. Also boasts niche experience in advising clients on congestion management and energy trading. Works closely alongside the firm's respected real estate and project finance practices to provide comprehensive legal support to energy clients."

Intellectual Property

"Routinely assists with trade mark prosecution, drafting and reviewing franchise and licensing agreements and copyright litigation. Possesses additional expertise in online IP issues. Acts for major domestic and international corporations, notably from within the media and consumer products sectors.

BDK showed a good understanding of the markets and relevant regulators in the jurisdictions involved, and they managed expectations regarding regulatory timelines and execution risk well.

They demonstrated good knowledge and provided sensible advice on potential IP disputes, despite limited case law to guide them.’"

Real Estate

"Outstanding real estate team with specific experience of handling FIDIC contract matters and mandates relating to retail developments, including both disputes and leasing concerns. Advises on real estate finance, as well as joint ventures and complex asset purchases. Represents major financial clients and public bodies in addition to large international and regional corporations with interests in the retail and hospitality sectors.

They intuitively know what to bring to my attention,

they focus on what is important and their solutions are practical and cost-efficient.’"

Montenegro - Corporate/Commercial

"Leading regional firm that operates primarily out of Belgrade with support from the Podgorica office. Boasts a strong banking and corporate practice, excelling in M&A transactions, privatisations and a range of finance mandates. Advises companies from an array of sectors, with a notable focus on energy, life sciences and technology. Has additional expertise in acting for clients from the tourism, real estate and oil and gas industries on cross-border concerns.

Their service was commendable in every respect. The team was responsive and very well organised, which was extremely important given the complexity and sensitivity of the matters at hand.

They are always trying to help and understand clients' needs. They keep to deadlines.’"

Montenegro - Real Estate

"Regional firm with a respected commercial department which handles a range of real estate matters. Has notable experience acting on behalf of clients in the tourism and energy sectors. Advises clients on the acquisition of distressed assets and on disputes relating to FIDIC-based construction contracts. Also involved in public work projects, and noted for its expertise in coastal resort developments.

The lawyers from this firm are proactive and interested in our business,

as reliable partners they always inform us about any changes in legislature which may affect our business.’"



legal 500 2016
*Legal 500 2018




Banking and finance

"BDK Advokati’s ‘dedicated practice’ handles traditional banking work, project finance, and structured finance and derivatives. Other core areas include trade finance, distressed debt, payment services and e-money, and regulatory work. Tijana Kojović is ‘detail oriented’; and associate Dragoljub Sretenović is also noted."


"BDK Advokati ‘provides sound advice’. The firm has retail, telecoms and pharmaceutical sectoral expertise. The ‘knowledgeable’ Tijana Kojović acted for Imperial Tobacco in an investigation into price fixing allegations. Vladlena Rudusāne-Simić is a key consultant."

Commercial, Corporate and M&A

"BDK Advokati ‘always delivers quality work’. The firm has sectoral expertise in food and beverages, tobacco, pharmaceutical and banking. Highlights included advising Expobank CZ on the acquisition of Marfin Bank Beograd. Tijana Kojović and Vladimir Dašić are highly rated."

Dispute Resolution

"BDK Advokati’s ‘advice is precise’. The firm has a significant investment and commercial arbitration practice, as well as construction law dispute experience. Highlights included representing Gi Group in breach of director’s duties claims. Tijana Kojović is ‘very experienced’."


"BDK Advokati’s ‘responsive lawyers’ are highly regarded for immigration advice; employment policies; whistleblowing; collective bargaining; contentious terminations; and redundancies. Ana Jankov is the name to note."

Intellectual property

"‘Providing advice that is practical’, BDK Advokati assists with trade marks, copyright and patents. The firm also has experts in data protection law. Bogdan Ivanišević is ‘very professional’; Marko Popović is a key associate."

Projects & Energy

"BDK Advokati is recommended for renewable energy projects. The team assisted Enlight Renewable Energy with a wind power project. Dragoljub Cibulić is highly rated."

Real estate and construction

"BDK Advokati has experience in construction contracts; and regularly handles asset purchases. Other areas include retail parks, hotels, and property-related energy matters. The team advised a Spanish firm on construction contracts. Dragoljub Cibulić is ‘an excellent lawyer’."

Montenegro – Legal market overview

"BDK Advokati is ‘very knowledgeable about the Montenegrin legal environment’ and provides ‘a responsive service’ to an impressive roster of clients including Google, Gi Group and Aecom. The ‘proactive and knowledgeable’ Luka Popović is increasingly active advising Turkish and Chinese clients on their investments into the country and recently advised Turkey-based Net Holding on drafting the requisite management agreements to facilitate its operation of three casinos in the country. The team also regularly receives assistance from lawyers in the firm’s Serbia office including Dragoljub Cibulić, who recently worked alongside Popović in assisting Eni with a tender procedure and concession contract for hydrocarbon exploration and production with the Montenegrin government."

Bosnia and Herzegovina – Commercial, corporate and M&A

"The ‘very experienced’ team at BDK Advokati in cooperation with Dijana Pejić, attorney-at law has ‘excellent levels of industry knowledge’ and is routinely involved in prominent transactions. Highlights included handling British American Tobacco’s purchase of IP tobacco assets and advising Sinosure on the provision of credit insurance for power station and railway upgrade projects. Serbia-based senior partner Vladimir Dašić and associate Dijana Pejić are noted."


*IFLR1000 2018

Financial and corporate/Project development - Serbia

"BDK is growing as a force across the Western Balkans and has been active on some of the markets biggest deals during the research period."

"'Strengths - Business orientated law firm, responses and feedback always on time and fast, high quality legal advice and solutions proposed.' – Project development"

"'BDK is a reliable law office with highly experienced lawyers in different areas. During cooperation with them they are showing an extremely professional approach and great knowledge in M&A issues. They are always up to date with new practices established in their area of expertise.' – M&A"

"'I have worked with BDK Advokati/Attorneys at Law since 2009. The firm was recommended to me back in 2009 by a UK ‘magic circle firm. BDK Advokati delivered within the requested tight timeframe and their advice was thorough and practical. They have a good understanding of derivatives, which is a relatively niche market from a legal point of view in many jurisdictions. I have primarily worked with Tijana Kojović, the firm's founding and managing partner. She is extremely professional and knowledgeable in the derivatives field. She delivered the same excellent level of service as she had in the past. My overall impression of BDK Advokati is very positive. They were swift and their advice was well substantiated in Serbian Law, as well as detailed. Their command of the English language was very good. They demonstrated a very good understanding of the intricacies of the 2002 ISDA Master Agreement. Their fees were reasonable for the work that they performed by international standards.' – Restructuring and insolvency"

"'Very knowledgeable, practical and responsive.  Nice people to work with as well, personable.' – Project development"

"'All work done on time and to expected quality. Proactive and friendly.' – Capital markets"

"'It has been a pleasure to work with BDK. They are well informed, experienced and have a dynamic culture. I found the partners accessible and willing to engage (at all hours of the day or night) and very knowledgeable.' – M&A"

"'Success focused team.' – M&A"

Financial and corporate/Project development - Montenegro

"BDK is one of the most active firms across the Western Balkans and in Montenegro has been active on a number of project development matters during the research period."

"'Very professional. Very good solutions in a short time period.' – M&A"

Financial and corporate/Project development - Bosnia and Herzegovina

"The firm has been active on a combination of M&A and project development work during the research period including advising key client British American Tobacco on acquisitions and internal group restructuring and work for China Export & Credit Insurance Corporation on the Tuzla coal power plant."

"'With their delicate analysis, structural logic and well experienced team, their clients will never need to come back to them for the same question twice.' – Banking and finance"