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The Buzz in Montenegro: Interview with Jelena Vujisic of Vujacic Law

The Buzz in Montenegro: Interview with Jelena Vujisic of Vujacic Law

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Even with the political situation in the country being turbulent, Montenegro has a lot to look forward to, especially given the success of this year’s tourism season, according to Vujacic Law Partner Jelena Vujisic.

“The turbulence of the times is to be expected, given that the recent political change of the ruling party has been the first of its kind in the past thirty years,” Vujisic says. Milo Djukanovic’s party lost the parliamentary majority in the last elections and has since been in the opposition. Still, irrespective of the political friction, Vujisic believes that the “people of Montenegro are done being yanked around by political clashes – they are more prone to focus on their own matters.”

Speaking of the new government, Vujisic reports that there hadn’t been much legislative action in the past few months. “Given that it was a time of summer recess of sorts, for the legislative bodies, there is nothing much new to report on,” she says. “The main focus of the new government has been – as it has stated on many occasions – the path to EU accession. All of the negotiation chapters have been opened and a major push is expected to close them all soon, and become a part of the European family.” 

The one thing that is constantly being discussed is, as Vujisic reports, the amendment to the framework regulating the Council of Prosecutors. “Still, even with all of the talk surrounding the matter, no concrete movement has happened yet,” she says.

“The tourism sector has been our shining star this year,” Vujisic continues, reflecting on the Adriatic country’s economy. “It has outperformed all of our expectations and has, in some ways, been even better than 2019!” With 2020 hitting Montenegro hard, Vujisic says that this year has, so far, been a “thread of good fortune. The atmosphere surrounding the economic projections is most positive.”

Finally, Vujisic reports that all the other sectors of the economy have been business as usual, as of late. “All of the major projects that have been in motion are still ongoing and it would appear that some have even sped up,” she says. “This, in spite of the still-ongoing pandemic, is a very good sign. We may even be looking at a complete bounce-back for next year!” Vujisic concludes on a positive note.

Montenegro Knowledge Partner

Law office Vujacic was founded in 1971, and in that time it was one of the first law firms in Montenegro. Today it is a modern business law firm with a long and proud tradition of supporting clients by high quality legal services in all areas of corporative, civil and commercial law. 

Our team of lawyers has shown a great success in areas such as: Mergers & Acquisitions, Telecommunications/Media, Intellectual Property, Administrative Law, Corporate Law, Finance Law, Competition Law, Real Estate, Dispute Resolution, Employment, Tax issues etc. 

As local counsel we have wide experience in all aspects of private and public corporate acquisitions and privatization. Our activities range from conducting due diligence reports, negotiations, preparing security documents and legal opinions.

The guiding principles of our Office are quality, confidentiality, efficient, timely, and cost effective services. We provide efficient legal representation to our clients both on regional and international levels.

All News about, and Legal Analysis by, Law office Vujacic can be found here.

Firm's website: http://www.lawoffice-vujacic.com/

 

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