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Polenak Law Firm

Polenak Law Firm  

Legal Services | Macedonia

tel: +389 2 3114 737 | fax: +389 2 3120 420
98 Orce Nikolov | Skopje | 1000 | Macedonia

Main Contacts


Skopje, Macedonia

Polenak Law Firm's Overview

Republic of Macedonia has passed through a process of transition from contractual to market economy, changing its political organization, increasing its international presence. These changes have also affected the scope of interest of the international business community and international investors. The prospectus of the country on the international market was changed.

Polenak Law firm continues the tradition of providing top quality legal services since the first law office bearing the name Polenak was established in 1946. The firm's lawyers provide general consultation and advice in banking, insurance, securities, corporate issues, customs, taxation, and industrial property, as well as litigation.

Our dedication to maintaining and growing a wide range of practice areas, all within the firm, enables us to offer the legal assistance needed to address client's needs.
Professional personnel are a condition for prompt and sound service. In Polenak Law Firm, we believe that our ability to meet the needs of our clients is fully supported by our non-legal staff. We also believe that there should be no language barrier for our clients. Therefore, translators in all world languages are always available for sound translation from languages not spoken by our attorneys.

Polenak Law Firm is one of the leading law firms in the Republic of Macedonia in many practice areas. Polenak Law Firm�s practice comprises of major mergers and acquisitions involving international investors, preparation of legal due diligence reports, creation and legal support for banks, insurance companies and leasing companies, trade and production companies, hospitals and medical care institutions, commercial, civil and criminal litigations, financial transactions, loans and enforcements, employment issues, preparation and review of contracts, real estate transactions, share transfers, protection of consumers; competition issues, telecommunications.

Highlight of recent key work:

- Assisting a large regional bank in acquiring major participation in a local bank;
- Performed a due diligence of a local insurance company for the Austrian insurance company
- Performed a due diligence of a local production company in the steel processing business for an
American client;
- Performed a due diligence of a local cable operator for an international client;
- Advicing IFC and EBRD in a transaction of lending 90 mill. Euro to a local company;
- Assisting Deutsche Telekom in the procedure with the Competition Authorities;
- Advised Merrill Lynch Commodities Europe on commodities trading rules;
- Advised Yahoo! on mobile search services;
- Legal assistance to Cisco Systems in Macedonia;
- Assisted RWE in the tender process for construction of two HPP's in Macedonia;
- Advised Citi Markets and Banking on derivative products trading in Macedonia;
- Adviced a large European motor vehicle producer in the procedure with the Competition
- Adviced Avon Cosmetics in corporate matters in Macedonia;
- Assisted Bank Austria Creditanstalt in creation of security for loans extended to a Macedonian
- Adviced EBRD and a group of shareholders in the sale process of a local bank;
- Adviced EBRD in two transactions financing local companies;
- Adviced EVN AG Austria in matters related to its investments in Macedonia.

  • Year this Office was Established: 1946
  • Lawyers Worldwide: 12

Languages: English, French, Russian, German, Greek, Serbian.


Areas of Practice
  • Administrative Law
  • Analysis of Laws and Regulations
  • Banking
  • Civil Law
  • Commercial Law
  • Competition Law
  • Contractual Law
  • Copyright
  • Corporate Governance
  • Corporate Law
  • Criminal Law
  • Due Diligence
  • General Consultation
  • Industrial Property
  • Insurance
  • Intellectual Property
  • Investments
  • Labour Law
  • Litigation
  • Mergers and Acquisitions
  • Real Estate
  • Securities Regulation
  • Shares and By-laws
  • Trade Law
Representative Clients
  • International Clients
  • The list of Polenak Law Firm's international clients comprises of international finance organizations, banks, insurance companies, multinational tobacco industry, companies trading and producing metals, technical gases, construction companies, on various matters and/or "ad hoc" legal assistance, including:
  • International organizations and financial institutions, including the World Bank and the European Bank for Reconstruction and Development;
  • International banks and financial companies, including ING, Barcley's, Calyon, Citybank, Goldman Sachs, Royal Bank of Scotland, Standard Bank;
  • Multinational companies such as Philip Morris, Kraft Foods, The Coca-Cola Company, Johnson Controls, Lenovo, Herbalife, Deutsche Telekom, Nokia, Cisco Systems, Nike, Colgate Palmolive;
  • Regional financial leaders, such as the NLB Group and SAVA Re;
  • Energy companies EVN from Austria and Ratia Energy from Switzerland;
  • Fast developing regional companies as Droga-Kolinska from Slovenia, Koncar - KET and Dukat from Croatia.Domestic Clients
  • Many Macedonian companies are our clients, and some of them are: Alkaloid AD Skopje, the largest manufacturer of pharmaceutical, chemical and cosmetic products; Makedonijaturist AD Skopje, the largest chain of hotels; Export and Credit Bank; MAKSTIL, the biggest steel producer; K.A.K. Skopje, casinos and hotels; Ski Center Zare Lazarevski Mavrovo; MAT Macedonian Airlines Skopje; NLB Lizing, the first leasing company. Most of our Macedonian clients are ranked in the first 100 companies in Macedonia.


Senior Associates

Zoran Andonovski

Zoran AndonovskiSenior Associate

Natasa Popova-Alebik

Natasa Popova-AlebikSenior Associate

Metodija Velkov

Metodija VelkovSenior Associate


Maja Simonovska

Maja SimonovskaJunior Associate


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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