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Karanovic & Partners

Maja Jovancevic Setka

Maja Jovancevic Setka



  • Bank M&As
  • Banking & Finance
  • Capital Markets & Financial Instruments
  • Corporate & Commercial

WSG Practice Industries


WSG Leadership

Banking & Finance Group
Maja Jovančević Šetka is a Partner and co-heads the Banking & Finance Practice Group. She is an Independent Attorney at Law qualified in Serbia, practicing in cooperation with Karanović & Partners, with more than 14 years of experience. Maja has practiced in all areas of corporate and commercial law, advising multi- national banks, industries and trading companies, as well as government entities. She provides a full scope of legal assistance related to banking and finance matters, from large-scale financing transactions, regulatory matters and structured finance, to distressed deals. Maja has led numerous complex financing transactions for both lenders and the borrowers in a broad range of sectors, with particular expertise in real estate and acquisition financing, project finance and sovereign debt. Maja also specialises in the area of capital market regulation.

Bar Admissions

Belgrade Bar Association


Central European University, Budapest (2005), LL.M.

University of Belgrade, Faculty of Law (2004), LL.B.
Areas of Practice

Bank M&As | Banking & Finance | Capital Markets & Financial Instruments | Corporate & Commercial | Energy | Financial Regulation | General Lending & Project Finance | Infrastructure & Transport | Infrastructure Finance & Public Private Partnerships | Insurance | Mergers & Acquisitions | NPL Portfolio Services | Real Estate Finance | Restructuring & Distressed Transactions | Social Infrastructure

Professional Career

Professional Associations

  • International Bar Association

New COVID-19 State Guarantee Scheme for EUR 2 Billion Loan
Karanovic & Partners, April 2020

As part of a package of economic measures worth EUR 5.1 billion, the Serbian Government adopted a decree on 16 April 2020 establishing a guarantee scheme for loans to be provided by local banks to businesses to reduce the effects of the COVID-19 pandemic (the “COVID-19 Guarantee Scheme”)...

National Bank of Serbia Introduces Moratorium on Loans and Leasing due to COVID-19 Outbreak
Karanovic & Partners, March 2020

Due to the developments regarding the outbreak of COVID-19 and the declaration of a state of emergency in Serbia, the National Bank of Serbia (“NBS”) undertook emergency measures to facilitate the position of citizens and businesses in servicing debts...

The Serbian Law on Foreign Exchange Amended
Karanovic & Partners, April 2018

On 20 April 2018, the amendments to the Law on Foreign Exchange (the “Law”) were adopted and will enter into force on 28 April 2018. Exceptionally, the application of certain provisions related to the assuming of competencies over foreign exchange control by the National Bank of Serbia is delayed until 1 January 2019...

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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