Jelena Zelenbaba


Managing Associate

+381 62 8809 328

Jelena Zelenbaba

Managing Associate
+381 62 8809 328

 

Jelena Zelenbaba is a Managing Associate in the Belgrade office with 10 years of experience advising domestic and international clients on complex corporate and transactional matters. She specializes in M&A, corporate governance, and cross‑border transactions, with a strong buyer‑side focus on structuring and risk allocation under Serbian law.

Jelena guides clients through the full transaction lifecycle, including legal due diligence, SPA/SHA negotiations, closing mechanics, post‑closing integration, and reorganizations. She has led numerous full‑scope due diligence processes and advised on a wide range of sophisticated M&A matters and status changes, including share and asset deals, joint ventures, demergers, spin‑offs, capital increases, intra‑group restructurings, and corporate governance arrangements for Serbian companies. Her work frequently involves coordinating with foreign counsel and aligning Anglo‑Saxon documentation with Serbian mandatory law.

In addition to transactional work, Jelena provides ongoing corporate advisory support on incorporations, shareholder relations, directors’ duties and liability, minority protections, pre‑emption and exit rights, compliance, and corporate housekeeping for Serbian and regional subsidiaries of international groups.

She has sector experience across FMCG, IT/technology, manufacturing, automotive, retail, healthcare, and gambling.

RECENT ENGAGEMENTS INCLUDE ADVISING*

M&A AND CORPORATE

  • NOMAD FOODS on the acquisition of Frikom (Serbia) and Ledo (Croatia and Bosnia & Herzegovina) as part of its purchase of Fortenova Group’s Frozen Food Business Group
  • ADM on the acquisition of Victoria Group and Sojaprotein, a leading European non‑GMO soy ingredients produce
  • CEECAT CAPITAL on the acquisition of a majority stake in Gomex, one of Serbia’s leading neighborhood grocery retail chains
  • FRONTIER BAYSTONE PHARMA on the acquisition of Zdravlje Leskovac, a Serbian pharmaceutical manufacturer, from Teva Pharmaceuticals

* Experience prior to joining Kinstellar. 

EDUCATION

  • 2016: University of Novi Sad, Serbia, Faculty of Law, LL.B.

PROFESSIONAL AFFILIATION

Belgrade Bar Association

LANGUAGES

Serbian, English