Newsroom

November, 2019

Brose begins construction in three months

Karanovic & Partners advises Brose in Landmark Deal

Brose, one of the largest family-owned suppliers in automotive industry, signed an agreement with the Republic of Serbia regarding the acquisition of the 23 hectare plot of land for the construction of a plant (together with research center) that will produce automotive equipment. The construction of the factory will begin in three months, while the […]

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November, 2019

Karanović & Partners Launches a New Publication

The fifth edition in the Focus On Energy series

On behalf of Karanovic & Partners’ Energy and Natural Resources Industry Group, it is our pleasure to present the fifth edition of the Focus on Energy publication. In this edition, we have tried not only to summarize the developments in the relevant energy sectors in the last two years, but also to discuss and analyse […]

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November, 2019

A milestone marked

ICC Construction disputes and arbitration in the SEE region conference

The ICC Construction disputes and arbitration in the SEE region conference was organized in Belgrade for the first time by the ICC International Court of Arbitration with the support of ICC Serbia and law firms Karanovic & Partners and Pinsent Masons. The event, spearheaded by Senior Partner Milan Lazić and Senior Associate* Milica Savić, was […]

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November, 2019

Sharing insight on Energy and Infrastructure Financing

Karanović & Partners at the Energy and Infrastructure Financing conference

UniCredit Bank organized a one-day event related to energy and infrastructure financing on 7 November. Partner* Petar Mitrović took part in a panel discussion covering the topic of challenges of energy and infrastructure financing in Serbia. Petar Mitrović talked about project implementation and lessons learnt mainly and perspective of Energy Law and decrees implementation and […]

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November, 2019

Construction Disputes

Karanović & Partners holds Contract Management Masterclass

Karanović & Partners held a Contract Management Masterclass dedicated to construction disputes under FIDIC in the SEE region on 7 November in partnership with Pinsent Masons and Thomas-Koziarski Consulting. The event was held at the Karanovic & Partners office premises, and was attended by representatives of renowned construction companies, as well as various professionals from […]

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November, 2019

Drinks reception in Lisbon

Karanović & Partners host a reception for Balkan participants of Web Summit

Karanović & Partners hosted a drinks reception for Balkan participants of the Web Summit in Lisbon on 5 November. Managing Partner Rastko Petaković was the host of the reception and around 100 people attended the event. Web Summit is one of the largest events that brings together key figures from the companies that are at […]

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November, 2019

Coca-Cola proposes change of its conduct

Going Soft on Soft Drinks: The Croatian Competition Agency considering Coca-Cola’s commitments

In February 2019, the Croatian Competition Agency (the “Agency”) launched an official investigation against Coca-Cola HBC Hrvatska d.o.o. (“Coca-Cola”), in order to establish whether the company concluded prohibited restrictive agreements and/or abused its market dominance. After reviewing the local market for distribution of non-alcoholic beverages in the Croatian HORECA channel, the Agency came across a […]

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October, 2019

Updated framework after a decade

Serbia: State Aid Reloaded

Almost a decade after the adoption of the previous Law on State Aid (the “Previous Law”), Serbia has significantly updated its state aid framework. A number of reasons influenced the drafting and adoption of the New State Aid Law – especially the need for further alignment of state aid rules, but more importantly, enforcement practice […]

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October, 2019

Sustainable economy and women empowerment

Karanović & Partners at the AFA Women’s Leadership Summit

Karanovic & Partners, as a member of AFA, took part at the AFA Women’s Leadership Summit held in Belgrade on 24 and 25 October. Our Managing Partner Rastko Petaković talked about Personal contributions for a global impact on the second day of the Summit, dedicated to Sustainable economy and women empowerment. In the broader scope, […]

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October, 2019

Further harmonization with EU acquis

New Law on Alternative Investment Funds Adopted

The National Assembly of the Republic of Serbia adopted the Law on Alternative Investment Funds on 10 October 2019, which will become applicable on 20 April 2020. Serbia is further harmonizing its capital market laws with the EU acquis and this time, new legal concepts are adopted into the Serbian legislation by transposing the Directive […]

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October, 2019

Eight wholesalers fined

Serbia: Leniency leads to the discovery of a bid rigging cartel in office supplies

The Serbian Competition Commission (the “Commission“) recently fined eight wholesalers of office supplies a total of around EUR 510,000 for bid rigging in public procurement and other tenders. The Commission established that the companies coordinated the terms of their offers following a leniency application by an unidentified whistleblower. The company in question was relieved from […]

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October, 2019

The pillars of Sports Law

Karanovic & Partners holds Sports, Law and Finance Conference

Karanovic & Partners held a two-day Sports, Law and Finance Conference on 15 and 16 September at our office premises organized in cooperation with Hockey Partnership for Progress. The first day of the event was opened by Senior Partner Miloš Vučković, who delivered the introduction speech and presented the questions that would be the topic […]

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October, 2019

Landfill remediation and development of the waste treatment facilities in Vinča

Karanović & Partners advised on the Public-Private-Partnership project for “Belgrade Energy from Waste Project”

Karanović & Partners advised the International Finance Corporation and the City of Belgrade in the process of financing the landmark public-private partnership project for the “Belgrade Energy from Waste Project” for the landfill remediation and development of the waste treatment facilities in Belgrade, Vinča. The public-private partnership agreement was signed in September 2017 by the […]

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October, 2019

Vale acquires earn-in for four locations

Mundoro and Vale Put Through the Earn-In Agreement for Timok Complex

Vale Canada Limited (Vale) acquired the option to earn-in in four of Mundoro Capital Inc’s (Mundoro) exploration licenses in Timok complex. The earn-in relates to Sumrakovac, Osnić, Dubrava and Padina properties, hosting primarily the copper-gold mineralization (Projects). Under the agreement, Mundoro has granted to Vale the option to earn up to a 75% interest in […]

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October, 2019

The biggest wind farm in Western Balkans

Wind Farm Čibuk 1 starts operation

The largest wind farm in Western Balkans, Čibuk 1, officially started operations on Friday 11 October, following an investment worth EUR 300 million. The wind farm has a maximum capacity of 158MW and will generate power to supply 113,000 households. The EUR 300 million wind farm Čibuk 1 was developed by Vetroelektrane Balkana, a Serbian […]

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October, 2019

What the future holds for the legal profession

Karanovic & Partners at the 2019 Balkan General Counsel Summit

Karanovic & Partners once again supported the 2019 Balkan General Counsel Summit, organized by CEE Legal Matters. The Summit was held on 10 October in Belgrade for the second time in a row and gathered around 100 participants from all over the region. Our Managing Partner Rastko Petaković, Partners* Milena Jakšić Papac and Goran Radošević […]

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October, 2019

Agrokor under the loupe

Competition authorities in the region initiate merger control investigations against Agrokor’s successor Fortenova

The Croatian food and retail powerhouse Agrokor almost collapsed due to financial difficulties in 2017, but was saved from bankruptcy when its creditors accepted a debt resettlement deal in July 2018. Following the implementation of the deal, Fortenova Grupa d.d. (“Fortenova“) begun its operations on 1 April 2019 as the successor to the troubled conglomerate. […]

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October, 2019

Law on Amendments to the Law on Corporate Income Tax adopted

Republika Srpska Introduces Tax Incentives From 2020

The National Assembly of Republika Srpska, one of entities in Bosnia and Herzegovina adopted the Law on Amendments to the Law on Corporate Income Tax (CIT Law). The most important changes to the current provisions concern introduction of tax incentive for investments made in equipment and production facilities. Incentive will start to apply from 1 […]

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October, 2019

Part of a formal investigation

Dawn Raid conducted in Montenegro

Montenegrin Competition Agency announced earlier this month that it conducted a dawn raid on 25 July 2019 in the premises of providers of after-sales services for motor vehicles (including motorcycles), looking at the terms of guarantees, manner of service provision and spare parts sales. The dawn raid was conducted as a part of a formal […]

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October, 2019

Judicial Practice in Litigation Procedure

Karanovic & Partners at the AmCham Roundtable

AmCham organized a roundtable discussion on judicial practice in litigation on 1 October in Belgrade. A series of discussions was aimed at finding applicable answers to contentious legal issues. One of the topics was the connection of factual allegations of a lawsuit with the probative value of proposed evidence, as well as an outreach of […]

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