Tax News: Serbia
Serbia Transfer Pricing 2026: New Interest Rates & Key Law Consultations
2026 Arm’s Length Interest Rates On 24 April 2026 (published in the Official Gazette No. 36/26), the Serbian Ministry of Finance enacted the Rulebook on interest rates consistent with the “arm’s length” principle for 2026 (“TP Rulebook”). The TP Rulebook contains the prescribed interest rates applicable to related-party financing. According to the new TP Rulebook, […]
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Legislation Update: Serbia
Serbia Adopts Major Reform of Consumer Protection and Trade Laws
Overview In April 2026, the National Assembly of the Republic of Serbia adopted a significant legislative package that reshaped, among others, the country’s consumer protection and trade framework. The reform includes a new Law on Consumer Protection and amendments to the Law on Trade. The legislative package forms part of Serbia’s broader effort to modernise […]
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Albania’s First Private International Bond Issuance
Our colleagues from CR Partners in cooperation with Karanovic & Partners, advised Banka Kombëtare Tregtare SHA, as issuer, on the EUR 150 million senior unsecured Eurobond offering, marking the first international senior unsecured bond issued by a private corporate issuer in Albania. The team was led by our Partner Anisa Rrumbullaku and Senior Associate Adi […]
Read more Legislation Update: Montenegro
Montenegro Labour Law 2026: Key Amendments for Employers
On 7 April 2026, the Parliament of Montenegro adopted significant amendments to the Labour Law (“the Law”) to align national legislation with the EU Pay Transparency Directive. The Law has entered into force on 23 April 2026. These amendments introduce clear and detailed employer obligations and reinforce the principles of salary transparency, while also bringing […]
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Karanovic & Partners at the 1st Eastern European Regional SCL Conference
On 27 April 2026, Belgrade hosted the 1st Eastern European Regional SCL Conference, organised by the Society of Construction Law Serbia (SCL Serbia) together with its counterparts from Bulgaria, Hungary, Poland, Romania and Turkey, in association with the European Society of Construction Law and the Society of Construction Law International. The event was supported by […]
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MidEuropa Completes the Sale of Imlek
Karanovic & Partners advised long-standing client MidEuropa on the completed sale of Imlek, a leading dairy producer in Southeast Europe, to AJFH and Bojan Radun. The family holding of entrepreneur and investor Andrej Jovanović (AJFH), as the lead investor, together with the experienced manager and current CEO of Imlek, Bojan Radun, has completed the joint […]
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Serbia Adopts New Law on Trading Practices – Key Compliance Implications for Supply Chains
Overview On 23 April 2026, the Parliament of the Republic of Serbia adopted the Law on Trading Practices for Certain Types of Products (the “Law”). The Law introduces a comprehensive regime targeting unfair trading practices in supply chains and significantly expands compliance obligations for buyers operating in Serbia. The Law largely follows the logic of […]
Read more Regional Energy News
North Macedonia Expands Organised Electricity Market with New Operational Rules
Overview North Macedonia is taking a significant step toward a more mature and integrated electricity market. The National Electricity Market Operator (“MEMO”), upon approval by the Energy Regulatory Commission of the Republic of North Macedonia (the “ERC”) has adopted new Rules on the Operation of the Organised Electricity Market (the “Rules”), introducing a more detailed […]
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Karanovic & Partners at Adria Future Summit 2026
Karanovic & Partners participated at Adria Future Summit 2026, taking place from 22 to 24 April in Porto Montenegro. Our Partner Petar Mitrović moderated the panel “The Renewable Energy Economy: Unlocking Investment, Scale and Speed”, held the first day of the conference. The panel brought together senior decision-makers across government, development finance, and private investment: […]
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Karanovic & Partners at the VII Adriatic Maritime Law Conference
Our Partner Andrej Jelenković, together with our colleagues, Senior Associate Petra Marjanović from Ilej & Partners in cooperation with Karanovic & Partners, and Senior Associate Marko Kranjec, from Ketler & Partners, member of Karanovic, attended the 7th Adriatic Maritime Law Conference (AMLC). The event, which was held in Izola, Slovenia, from 9 to 11 April, […]
Read more Legislation Update: Albania
Albania Tightens the Rules on Police Data Processing: What You Need to Know
Overview Albania is steadily building a mature, GDPR-aligned data protection ecosystem, and the law enforcement sector is no exception. A newly adopted Joint Instruction No. 36, dated 27 February 2026, issued by the Ministry of Interior and the Albanian Data Protection Commissioner, establishes a comprehensive framework governing how the State Police collect, use, store, and […]
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Karanovic & Partners Presents the Professional Guide of the Screenwriters’ Association of Serbia
On 25 March, Karanovic & Partners hosted a gathering to present the Professional Guide of the Screenwriters’ Association of Serbia, a project we were pleased to develop in close collaboration with the Screenwriters’ Association of Serbia. The event brought together screenwriters and other professionals from the audiovisual industry, providing a platform to introduce the handbook […]
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Karanovic & Partners Advises on Atos Bull’s Advanced Computing Sale
Atos Group has completed the sale of its Bull advanced computing activities to the French State, marking a step in its strategic focus on core digital and cybersecurity services. The transaction is valued at up to €404 million and covers high-performance computing, quantum and artificial intelligence (AI) operations. Karanovic & Partners advised on the Serbian […]
Read more Legislation Update: Serbia
New Amendments and Supplements to the Rulebook on Value Added Tax and the Rulebook on Electronic Invoicing
Overview On 27 March 2026 (published in the Official Gazette No. 30/2026), the Serbian Ministry of Finance enacted amendments and supplements to two important tax rulebooks: the Rulebook on Value Added Tax (“VAT Rulebook”), and the Rulebook on Electronic Invoicing (“E-Invoicing Rulebook”). Rulebooks will apply starting from the April 2026 tax period. Amendments and supplements […]
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Albania Establishes Competitive Licensing Framework for Online Sports Betting
On 26 March 2026, the Albanian Council of Ministers adopted Decision No. 194, establishing the evaluation criteria, timelines, competitive procedure, and scoring methodology for granting licences for online sports betting operators (the “Decision”). The Decision introduces the operational framework governing future licensing rounds under Albania’s gambling legislation and represents a further step toward the structured […]
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Karanovic & Partners at Paris Arbitration Week
On 25 March 2026, our Senior Partner Milan Lazić participated as a panelist at a conference organised by Arbitration Association of Central and Eastern Europe (ArbCEE) and ICC Serbia during the tenth edition of Paris Arbitration Week. The event, named “Expediting an Arbitration: What It Means and How It Works in Practice”, brought together more […]
Read more Competition Legislation Update: Montenegro
Montenegro Adopts New Competition Law: Key Changes and EU Alignment
On 25 March 2026, the Parliament of Montenegro adopted a new Law on Protection of Competition (the “Law”), marking a significant milestone in aligning Montenegro’s competition framework with the EU acquis and its broader EU accession process. According to the Montenegrin Agency for Protection of Competition (the “Agency”), the Law is intended to strengthen institutional […]
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New Regulation on Exemptions for Vertical Agreements in Serbia: Key Changes Unveiled
The Government of the Republic of Serbia has adopted the updated Vertical Block Exemption Regulation (“VBER”) together with three new regulations introducing separate block exemption regimes for motor vehicles and spare parts (“MVER”), technology transfer agreements (“TTBER”) and the rail and road transport (“RRBER”). The new VBER marks Serbia’s first update to this regulation in […]
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Karanovic & Partners Recognised in Legal 500 EMEA 2026 Rankings
Karanovic & Partners continues to be recognised among the leading law firms in the Legal 500 Europe, Middle East, and Africa 2026 edition, with 11 practice areas across our jurisdictions ranked in the top tier and a further 7 recommended in other tiers. Karanovic & Partners’ legal practices and its cooperating lawyers have once again […]
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Belgrade Open Pre-Moot: Supporting the Next Generation of Arbitration Professionals
With the Willem C. Vis International Commercial Arbitration Moot approaching, Belgrade once again hosted a series of events dedicated to young legal talents. Over the weekend, the XVIII DIS/Belgrade Open Pre-Moot took place, organised by the University of Belgrade Faculty of Law, providing law students with an opportunity to develop their arbitration skills in an […]
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