Law Office Naida Čustović is preeminent in cross-border transactions, refinancing and debt restructuring. The team has notable specialism in financial regulatory compliance and cryptocurrency, making it well-placed to advise on compliance and risk management related to digital assets. Clients frequently seek out the group for strategic counsel in developing and launching financial product and services. At the helm of the practice, Naida Čustović specialises in anti-money laundering, fintech and payment services. At an associate level, Lamis Kulenović is a name to note for financial transactions, and Ilma Kasumagić focuses on contentious matters including debt recovery and enforcement of security interests.
Banking, finance and capital markets in Bosnia & Herzegovina
Law Office Naida Custovic
Praxisleiter:
Naida Čustović
Weitere Kernanwälte:
Lamis Kulenović; Ilma Kasumagić
Referenzen
‘The team stands out for its expertise and diversity.’
‘They provide a way to understand complex legal topics and suggestions for solving problems, especially from the aspect of market digitalisation in a situation where legal regulations are very restrictive.’
Kernmandanten
Federation of Bosnia and Herzegovina, the Government represented through the Ministry of Finance
Raiffeisen Bank BiH d.d.
Apple
Highlight-Mandate
- Advising Federation of Bosnia and Herzegovina in connection with its first-ever issuance of notes due 2030 on the London Stock Exchange.
- Advising Apple on the introduction of Apple Pay in BiH and Kosovo.
- Representing Raiffeisen Bank d.d. BiH in challenging the Competition Council for alleged violation of competition law restrictions in the crypto market.
Maric & Co Law Firm
Representing domestic and international banks, Marić & Co Law Firm is geared to support on the full array of regulatory, transactional and dispute related matters. The group has in-depth knowledge of the banking and finance sector, and is a key advisor to development finance institutions such as the European Bank for Reconstruction and Development (EBRD) in its financing transactions. Practice co-head Branko Marić has extensive experience in banking operations and project finance, in addition to complex banking disputes. He leads the team with Nebojša Marić, who handles issues related to banking operations, financing and tax regulations.
Praxisleiter:
Nebojša Marić; Branko Marić
Referenzen
‘Marić & Co is one of Bosnia’s largest and oldest multidisciplinary law firms, with exceptional experience. The lawyers are respected for their dedication to the client and their creative legal solutions.’
‘The decades-long experience of Branko Marić is invaluable, and he always finds adequate solutions for everything, no matter how complex or intricate it may be. It is a pleasure to cooperate and gain experience with such an expert.’
‘What truly sets this practice apart is the combination of bench strength and precision in its advice.’
Kernmandanten
EBRD
World Bank
DEG
European Investment Bank (EIB)
IFC
Unicredit Bank London Branch
Unicredit Bank Mostar
Intesa Sanpaolo Bank
Raiffeisen Bank
ProCredit Bank
Addiko Bank Sarajevo
Sparkasse
KfW
Ziraat Bank Turkey
Ziraat Bank Sarajevo
Securities Register of FBIH
Addiko Bank Banja Luka
Unicredit Bank Banja Luka
NLB Bank
Revolut
Lincoln International
FORTENOVA
Erdal
Avon
Highlight-Mandate
- Advised Unicredit Bank Mostar, Unicredit Banja Luka, Raiffeisen Bank, ProCredit Bank Sarajevo, Addiko Bank Sarajevo, Addiko Bank Banja Luka, and Ziraat Bank in tax cases where the Indirect Taxation Authority of BIH has illegally imposed VAT on the services that Visa and MasterCard provide to the Bosnian Banks.
- Advised EBRD on a number of loans granted to local financial institutions and large companies.
- Advised Ziraat Bank d.d. Sarajevo and Ziraat Bank Istanbul in collection of the debt from the Bosnian Borrower.
RRH Legal d.o.o., member of the CMS network
The team at RRH Legal d.o.o., member of the CMS network showcases a strong track record in syndicated and bilateral cross-border lending and acquisition and leveraged finance, in addition to insight into local capital markets authorities and procedures. The group represents a range of major banking groups, development finance institutions and insurance companies. Practice head Andrea Zubović-Devedžić stands out for her experience in highly regulated areas of the financial sector, such as MREL and risk participation/credit protection structures. Sanja Voloder is a name to note at an associate level, exhibiting skill in financial transactions, such as debt financings and financial restructurings.
Praxisleiter:
Andrea Zubović-Devedžić
Weitere Kernanwälte:
Sanja Voloder
Referenzen
‘The team were very professional, responsible and provided timely assistance.’
Kernmandanten
European Bank for Reconstruction and Development (EBRD)
Finance in Motion
International Finance Cooperation (IFC)
European Fund for Southeast Europe
Green for Growth Fund
ABB Asea Brown Boveri Ltd.
NewCold Coöperatief U. A
Sportradar AG
European Investment Fund
Highlight-Mandate
- Advised Actis-led consortium in acquiring a newly carved-out tower portfolio from Telekom Srbija.
- Advising The European Fund for Southeast Europe (EFSE) in a EUR 15 million loan facility to Addiko Bank AD, Banja Luka.
- Advising The Green for Growth Fund (GGF) on securing a EUR 3.0 million subordinated loan.
Sijerčić & Partners
The growing team at Sijerčić & Partners is a reference in the market for investors, with strong sector-specific knowledge and key services including compliance, financial products and transactions. In addition, the practice is rated for its strategic advice on changes to the legal framework. Nihad Sijerčić spearheads the group and focuses largely on transactions in the banking and finance sector. Amina Đugum Brkanić was promoted to partner in March 2025 and is a go-to advisor for financial institutions on capital markets, corporate finance and loan finance transactions. Counsel Marija Pušić is another key member of the team.
Praxisleiter:
Nihad Sijerčić
Weitere Kernanwälte:
Amina Đugum Brkanić; Marija Pušic
Referenzen
‚It is a multidisciplinary office with various experts in different fields of law.‘
‚Lawyers have a proactive approach in resolving legal cases, a timely and quality response to requests, and good know-how regarding corporate law.‘
‚Nihad Sijerčić is professional and experienced, with a great reputation at the court. He has a proactive approach in every case.‘
Kernmandanten
Deutsche Bank
Merrill Lynch International
UniCredit Group
EUTELSAT SA
Duferco SA – DITH
Highlight-Mandate
- Advised Deutsche Bank, Merrill Lynch International and UniCredit Group on the first international bond issuance by the Federation of BiH, including review of transaction documents and legal opinion.
- Advising IFC on structuring a PPP with the Government of Canton Sarajevo for the Butile wastewater treatment facility, including legal due diligence and drafting key PPP documents.
- Advising Duferco SA – DITH on all aspects of their relationship with Aluminij Industries, including on security interests, foreign exchange and other regulatory issues in Bosnia and Herzegovina.
Dimitrijević & Partners
Dimitrijević & Partners is particularly impressive in large-scale project finance, refinancing and assisting clients with entry into the Bosnian market. The group is represents a range of local and regional banks, advising on transactions, regulatory compliance and dispute resolution. Founding partner Stevan Dimitrijević directs the practice along with Nina Vještica, who is best known for her expertise in group restructuring, HR auditing and debt collection. Counsel Đorđe Dimitrijević is another name to note, with specialism in drafting security instruments, leasing and disposal with assets.
Praxisleiter:
Nina Vještica; Stevan Dimitrijević
Weitere Kernanwälte:
Đorđe Dimitrijević
Kernmandanten
Viva Kredit AD
Digital Asset Management d.o.o. Banja Luka
UniCredit Bank a.d. Banja Luka
Addiko Bank a.d. Banja Luka
Hogan Lovells LLP
Elektroprivreda Republike Srpske
Kinstellar in cooperation with SOG
Kamocsay-Berta Law Firm
Simmons&Simmons LLP
Norton Rose Fulbright LLP
NLB Banka a.d. Banja Luka
Adriatic Lux Midco S.à r.l.
Ernst & Young AG
Linklaters Beijing – China Development Bank Corporation, China
Government of the Republic of Srpska
Mikrofin d.o.o. Banja Luka
VTB Bank Deutschland AG
Intesa SanPaolo S.p.A
Highlight-Mandate
- Advised Viva Kredit in relation to a range of regulatory banking and finance, tax, employment, and data protection matters concerning the client’s potential entry into the Bosnian market.
- Advised Kinstellar on the legal aspects of cross-border issuances of crypto-related cards from an EEA/UK country to customers located in Bosnia and Herzegovina.
dmb partners
Benefitting from the firm’s broader Business Law practice, dmb partners offers clients with key services including cross-border financing, fintech advisory and leasing. The group is particularly active in the banking, insurance and microcredit sectors. Dina Duraković leads the practice, negotiating and structuring financing arrangements. Benefitting from in-house experience at financial institutions, Armin Hadžić advises on financial sector litigation and compliance matters, whilst Merima Čarković-Karasalihović is a key contact for domestic and international financial institutions.
Praxisleiter:
Dina Duraković
Weitere Kernanwälte:
Armin Hadžić; Merima Čarković-Karasalihović
Referenzen
‘Experienced lawyers, big potential for cooperation.’
‘Dina Duraković has a very friendly and nice approach, but professional.’
Kernmandanten
Uniqa Osiguranje d.d. Sarajevo
Sparkasse Bank BH d.d. Sarajevo
ASA Banka d.d. Sarajevo
EOS MATRIX d.o.o.
Partner Group
Neptun BH team d.o.o.
Sparkasse Leasing d.o.o. Sarajevo
Highlight-Mandate
- Representing Uniqa Osiguranje d.d. Sarajevo in over 100 civil and commercial litigation proceedings involving policyholder claims, contractual liability, subrogation actions, and high-value damages disputes.
- Representing EOS Matrix in commercial litigation arising from the sale of receivables and real estate.
Law firm SAJIĆ
Law firm SAJIĆ is regularly sought out by international banks, funds and financial institutions for complex matters requiring analyses and due diligence. The group also advises clients on transactions, regulatory issues, contracts and litigation. The group is jointly led by Aleksandar Sajić, Sanja Đukić and Željko Vlačić from Banja Luka. Sajić has experience in disputes related to securities and loan facilities, and Đukić advises on business relations in the financial sector.
Praxisleiter:
Aleksandar Sajić; Sanja Đukić; Željko Vlačić
Weitere Kernanwälte:
Igor Letica
Referenzen
‚Aleksandar Sajić stands out for his leadership and commercial flexibility.‘
‚We recommend Igor Letica for his responsiveness and diligence.‘
Kernmandanten
The Export-Import Bank of China
China Gezhouba Group International Engineering Co
UniCredit Bank
Pro Credit Bank
Highlight-Mandate
- Advising The Export-Import Bank of China in approving a credit line to a Bosnian energy company for the construction of the Bistrica Hydro Power Plant, guaranteed by the Republic of Srpska.
- Advising China Gezhouba Group International Engineering Co on the acquisition of the SPP Trebinje 2 solar power plant through a share transfer from a Bosnian state-owned company, with the Republic of Srpska providing a loan guarantee.
- Representing Pro Credit Bank in Bosnia and Herzegovina in numerous complex debt recovery court proceedings.
Law Office Miljkovic & Partners
Representing a variety of financial institutions and commercial banks, Law Office Miljković & Partners advise on corporate finance, project finance and financial restructuring, in addition to regulatory aspects. Spearheading the team, Sead Miljković focuses his practice on drafting and negotiating acquisition documents for multijurisdictional transactions, in addition to advising on the financing structures. Amar Bajramović has particular knowledge of transactions involving joint stock companies and the securities market.
Praxisleiter:
Sead Miljković
Weitere Kernanwälte:
Amar Bajramović
Referenzen
‘This team has consistently demonstrated exceptionally strong and comprehensive legal capabilities, together with an outstanding command of international transaction rules—an asset that is particularly rare and valuable in the local environment.’
‘They stand out for their profound understanding of domestic legal practice. In a jurisdiction where most firms have a rather narrow focus, their breadth of expertise stands out as unique.’
‘We especially value their proactive approach: they did not limit themselves to the entrusted scope of work but also provided critical analysis in areas beyond their mandate, showing genuine commitment to protecting and advancing the client’s interests.’
Kernmandanten
EBRD
Addiko Bank
Prevent Group
ASA Group