JPM & Partners is a law firm with offices in Serbia, Montenegro, North Macedonia, and Bosnia and Herzegovina.
Highlights
JPM & Partners North Macedonia acted as local counsel in the acquisition of all shares in WTE Wassertechnik GmbH, a global company in the water treatment sector, by STRABAG AG, a company in the construction industry. The transaction was valued at $104,000,000 and is currently ongoing.
The firm also acted as lead counsel in the acquisition of all shares in BUL-BILDING DOOEL Strumica, a Macedonian company specializing in the cultivation of medical-grade cannabis, by a U.S.-based company. The transaction is valued at $20,500,000 and closed in January 2025.
Key Clients
MINSTROY HOLDING; WURTH; DELTATRE; CONDEVO; ArrowMetals&Trading AG
Testimonials 2024/2025
"Perfect team with detailed knowledge and experience, excellent pricing and timing." (M&A)
"What stood out most about the firm was their deep understanding of both legal and commercial aspects specific to our industry." (Project Finance)
"They were highly responsive and practical, helping us navigate complex contractual terms while protecting our business interests. Their ability to communicate clearly during negotiations—especially when balancing client expectations with operational realities—was crucial." (Project Finance)
"The team demonstrated a rare combination of legal precision, strategic thinking, and a hands-on, client-focused approach, which gave us confidence throughout the process." (Project Finance)
"Ivana Jevtić Nikolova is a great professional with detailed knowledge and experience, fast solving skills." (M&A)
"Ivana Jevtić Nikolova stands out for her sharp legal insight and exceptional negotiation skills. She quickly grasps the core of complex contractual issues and is able to communicate solutions clearly and confidently." (Project Finance)
"Ivana Jevtić Nikolova demonstrated a strong understanding of the commercial sensitivities in client-facing agreements, helping us strike the right balance between legal protection and business flexibility. Her calm, professional demeanour and ability to remain solution-oriented under pressure make her a trusted advisor in high-stakes discussions." (Project Finance)
"Marija Boceska provided exceptional support during my private property division process. She combined deep legal knowledge with a practical, empathetic approach, which made a complex and emotionally sensitive situation much easier to manage." (Project Finance)
"Marija Boceska was highly organized, proactive in identifying potential issues, and clear in her communication at every stage. Thanks to her dedication and strategic guidance, the process moved forward smoothly and efficiently, with outcomes that exceeded my expectations. Her professionalism and personal attention truly made a difference." (Project Finance)
Based in Skopje and active internationally, Law Office Lazarov delivers legal solutions across corporate and commercial law, capital markets, cross-border investments, and regulatory compliance.
Highlights
Law Office Lazarov was engaged as legal counsel by PhCann International for a change of credit collateral for financing. The team acted as lead counsel and the process is ongoing.
The team is also engaged by UNI Bank AD Skopje as legal counsel on for real estate financing. The relationship is ongoing and work occurs on a regular basis.
Key Clients
AMMA Export Import LLC; Directorate for Technological Industrial Development Zones; European Bank for Reconstruction and Development (EBRD); Ministry of Finance; Societe Generale London
Law Office Pepeljugoski is a corporate commercial law firm based in Skopje. Founded in 1999, it is currently led by founding partner Valentin Pepeljugoski. The firm provides legal services in all areas of commercial law.
Polenak Law Firm is an independent North Macedonia full-service firm established in 1946 and based in Skopje. It has a team of five partners and 11 associates. The firm is experienced in banking work, especially on the side of the lender, and in M&A, including recently on deals in the healthcare sector.
Highlights
Polenak Law Firm acted as local legal counsel for Comino Media Limited in connection to an amendment to a senior multicurrency term and revoling facilities agreement. Their work included advice on the security matters under Macedonian laws and negotiating the aspects of the amendment and restatement agreement concerning Macedonian law aspects. The transaction closed in April 2024.
The team also advised Palmet Enerji Anonim Şirketi in the tender procedure for PPP for financing, designing, construction, management, maintenance and development of the natural gas distribution system in the Republic of North Macedonia in most municipalities in North Macedonia. Their work included preparing and filing the final tender documentation as well as preparing a legal memo on the local regulatory framework for the natural gas distribution market and regulation on commercial and residential gas line installation requirements and the provisions of such services. The documentation was submitted in February 2024, however the project is currently suspended.
Key Clients
Limak; NLB Skladi; Joyson Safety Systems Macedonia DOOEL; M-6 EDEN DOO Skopje; YILDIRIM International Investment Holding B.V.; HelleniQ Energy Holdings; Palmet
Testimonials 2024/2025
"The firm has excellent knowledge of the local market and practice of regulators, a pro-transaction approach, advice that makes business sense for the client, and calmness in a transaction." (M&A)
"Tatjana Shiskovska is very responsive, has excellent knowledge of local regulators' practice, is hands-on the project and is very easy to communicate with." (M&A)
"Kristijan Polenak is the legal eminence in the North Macedonian market, with loads of experience in all kinds of projects, very focused on protecting the client and calm in stressful situations." (M&A)
Testimonials 2023/2024
"They have a meticulous method of legal work and the ability to analyse the matter thoroughly. In addition, they have a good command of the practice and provide guidance that is not only technically but also practically correct." (Project Development
"Aleksandar Dimic is very detail-orientated and time-efficient. He is available by phone or email for any urgent issues, he is more than capable of prioritising the issues and provide advice considering the risk factors."
Apostolska & Partners is a North Macedonian law firm established in 2009 by Emilija Apostolska-Temov and Igor Aleksandrovski. The firm is based in Skopje.
The firm has a focus on financial services, regulatory and restructuring work but is also active in project development.
Key clients
Among the clients of the firm are Colgate-Palmolive Adria, Smart Money Solutions, Phoenix Pharma, Apave, DS Smith and Strabag.
Client feedback: 32nd edition (2022/2023)
Financial services regulatory
"Complete compliance with all the laws and regulations concerning our work."
Project development: Technology and telecommunications
"Apostolska Aleksandrovski & Partners are a versatile, highly knowledgeable law firm with lots of experienced attorneys. We have been cooperating with them since founding of our regional network SELA back in 2016, and the effort they put in for every project is extraordinary. They are always on time and always act in the client’s best interest."
Founded in 2013, Debarliev Dameski & Kelesoska is a corporate law firm with an office in Skopje. It has a team of 12 lawyers.
Focusses / specialisms
The firm provides legal services in the area of financial and corporate law.
Key clients
Among the clients of the firm is Liberty Steel Group.
Client feedback: 32nd edition (2022/2023)
M&A
"The team at Debarliev Dameski & Kelesoska provide very responsive and practical support and were a pleasure to work with on a complex transaction involving a significant North Macedonian element.”
Georgi Dimitrov Attorneys is a North Macedonian law firm established in 1997. The firm is led by its founder Georgi Dimitrov and is based in Skopje.
Focusses / specialisms
The firm has a focus on M&A work.
Client feedback: 32nd edition (2022/2023)
Project development
"Georgi Dimitrov Attorneys have proven to be very reliable and precise. With them, there is no need for detailed instructions of what the client requires – they got it. Their in-depth knowledge of the legal surroundings in their jurisdiction and the region enable them to look beyond the norms and provide the full aspect of business advice and overall transactional support."
"They were always very reliable and professional. They know their business and with them on our side we feel safe and comfortable that things will be done properly and within time."
Karanović & Partners is a corporate law firm with an office in Skopje. It is part of the international law firm Karanovic & Partners which was established more than 25 years ago and works with more than 100 cooperating lawyers spread across seven jurisdictions.
Focusses / specialisms
The firm is active in financial and corporate, and in project development. It is particularly experienced in advising on the construction and development of projects in the renewable energy, transport and real estate sectors.
Key clients
Among the clients of the firm are Halkbank, Interenergo, Volution Group, Veton Qoku, Stripe, NGE, Kolektor Turboinštitut, Herring, EBRD, Voltalia and KaltunMadencilik.
Client feedback: 32nd edition (2022/2023)
Project development
"Good understanding of the ins and outs of the project, interpretation and repercussions vis-à-vis local laws, responsiveness, availability."
"Prompt, professional and thorough in their research and advice."
Founded in 2005, Konstantinović & Miloševskiis a corporate law firm with an office in Skopje. It is a founding member of Lexcellence, a legal network of legal services providers with more than 100 attorneys who operate in south-eastern Europe.
Focusses / specialisms
The firm is active in financial and corporate, and in project development.
Key clients
Among the clients of the firm are4ward, Mar Medika Kumanovo, Kodera, DB Schenker Skopje, I&F Group Serbia, SVOD Master, International Law Solutions, Sumo Logic,Iute Credit Macedonia, Iute Credit Europe, GlaxoSmithKline Export and Aspekt.
Client feedback: 32nd edition (2022/2023)
Banking and finance
"Always available, fast and responsive, very thorough and flexible, incredibly trustworthy and one of our biggest partners."
Project development
"Dedicated team which responds to our needs in quick and efficient way."
Law Office Cakarovska is a North Macedonian law firm established by Danche Cakarovska and baseed in Skopje.
The firm is active in financial and corporate work.
Client Feedback: 31st edition (2020/2021)
Financial services regulatory
"Professional, proactive, responsive and diligent. "
"They always give us timely advice; they are very dedicated in their work."
Project development
"Professional and fast execution of requests."
Restructuring: Corporate
"Timely and very fast service, employees always professional and with great legal knowledge. Highly recommended for labour law, property and business law."
"On time, knowledgeable, possessed strong expertise and were client oriented."
Founded in 2015, Papazoski and Mishev Law Firm is a corporate law firm with an office in Skopje.
Focusses / specialisms
The firm is active on financial and corporate matters.
Key clients
Among the clients of the firm is Generali Investments.
Client feedback: 32nd edition (2022/2023)
Project development
"Competent and hardworking; very strong, cross-referenced advice."
PPP/PFI
"Very responsive. Good quality work that is clear and considered."
Founded in 2019, Popovski & Partners is a corporate law firm with an office in Skopje.
Focusses / specialisms
The firm does financial and corporate work.
Key clients
Among the clients of the firm is Fortenova Group.
Schoenherr North Macedonia is a country desk, based in Skopje, of the international law firm Schoenherr, which was founded in 1950 and has a team of more than 250 offices spread across 15 offices, with four country desks in Central and Eastern Europe.
Focusses / specialisms
Schoenherr is active in North Macedonia in all areas of financial and corporate law, and in project development.
Key clients
Among the clients of the firm are United Media, Fiat Chrysler Automobiles, Peugeot, Stellantis, NELT, Daimler Truck Holding, Smurfit Kappa Italia, Phoenix Pharmahandel, GEIH, EDF, CIAK Auto, Lidl and Solarpro Holding.
Client feedback: 32nd edition (2022/2023)
Project development
"Precise, always ahead of schedule, competent, knowledgeable, solution-oriented, collaborative, professional, dedicated."
Restructuring
"I am most impressed by the Macedonian team for how fast, responsive and diligent they are in providing their assistance and advice."