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November, 2021

Serbia Update: Energy

Wind Auctions in Serbia – Final Chapter of the Regulatory Reform

In the second half of November, the authorities intensified their activities on finalization of the regulatory reform of the renewables sector in Serbia commenced in the beginning of the year with work on new Law on Use of Renewable Energy Sources. After the Government decided about the quota for subsidizing new wind power plants – […]

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November, 2021

Serbia: Update

Karanovic & Partners in vivid discussion with startups from Science Technology Park Nis

On November 25, Science Technology Park (STP) Nis organised an online AMA session with start-up and scale-up companies, members of STP Nis. Partners, Ivan Nonkovic and Goran Radosevic, with support from business development, Veronika Tasić, talked about what global technology companies and investors are most interested in when investing or acquiring. Startups and scaleups, members […]

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November, 2021

New Moves

Karanovic & Partners Advises Volt Resources Limited on its Acquistion of Asena Investments doo

Graphite producer and battery anode material developer Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) announced the acquisition of three licence applications that are considered to be prospective for lithium-borate mineralisation. The licence applications are in respect to a total area of 291km2, located in Serbia and are west and south-west of the Serbian […]

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November, 2021

Karanovic & Partners Promotion Announcement

Ana Luković Promoted to Partner

Karanovic & Partners is pleased to announce Ana Luković’s promotion to Partner. Ana started her career 12 years ago at Karanovic & Partners as an intern. After practising as a corporate lawyer, she moved on to the real estate team. There, with her perseverance, reliability, personal development, and work in the team she practically built […]

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November, 2021

IP Update

Enforcement of and against Intellectual Property Rights

Serbia has a long-standing tradition in the protection of intellectual property rights. The Kingdom of Serbia was even one of the first 11 signatories of the Paris Convention in 1883. Nowadays, the laws on trademarks, patents, and other industrial property rights are harmonised with the ones in the EU. However, in the process of enforcement […]

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November, 2021

Slovenia Update

Changes in the Legislation governing Electricity Supply in Slovenia

Up until quite recently, the field of electricity supply in Slovenia was regulated by the Energy Act (“EZ-1”),[1] which additionally governed several other areas and has, over the years, became vastly extensive and impractical. As a response the legislator decided to take the initiative and on 20 October 2021, the National Assembly of Republic of […]

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November, 2021

Regional IP Guide Webinar

Karanovic & Partners Held a Regional Webinar “The Law of k/reativity”

Karanovic & Partners in cooperation with local lawyers organised a regional IP guide webinar for university and high-school students on 17 November 2021. The panel was moderated by Nikola Kliska, Head of IP and Senior Associate, while the speakers included Ljupka Noveska Andonova, Nihad Odobašić and Marija Stojanović, attorneys at law in cooperation with Karanovic & […]

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November, 2021

Update: Croatia

New Croatian Law on Copyright and Related Rights – a Modernised System of Copyright Protection

The new Croatian Law on Copyright and Related Rights (“Law”) entered into force on 22 October 2021. One of the main reasons for adopting the Law was the implementation of EU Directives 2019/790  and 2019/789  into the local legislation. The new Law modernised the system of copyright protection and related rights concerning digital society needs, […]

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November, 2021

Banking & Finance Update

Unicredit Bank and Elicio Ali VE Complete the Refinancing for the Alibunar Wind Farm

UniCredit Bank Serbia and Elicio Ali VE doo, a company wholly owned by Elicio NV, have completed the refinancing transaction of the wind farm “Alibunar” of 42 MW, which supplies slightly less than 30,000 households with electricity, Unicredit Bank announced at the end of October. Our Senior Associate, Mina Sreckovic, advised  Elicio Ali VE doo […]

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November, 2021

Tax News: Serbia

Personal Income Tax Incentives and Capital Gains Tax Exemptions Proposed

The Government of the Republic of Serbia has recently proposed amendments to the tax laws, including amendments to the Law on Personal Income Tax (‘PIT Law’), Law on Mandatory Social Contributions (‘SSC Law’) and the Law on Corporate Income Tax (‘CIT Law’). Several payroll tax incentives are proposed under amendments as well as tax exemption […]

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November, 2021

North Macedonia Update

North Macedonia: Preparations for the Electricity Crisis

While trying to bounce back from the COVID-19 pandemic, the world is running headlong into an energy crisis, and North Macedonia will meet the same fate. The country is facing serious electricity shortages due to the rising growth of prices on the energy exchanges in Europe. This, in turn, disables the companies that trade in […]

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November, 2021

Non-competition in Labour law

Non-competition Clause After the Termination of the Employment Contract

The Labour Law contains only 2 articles related the non-competition clause. It says: “An employee could be prohibited by the employment contract to perform certain work on his own behalf and for his own account, and also on behalf and for the account of another legal or natural person, without the consent of his employer […]

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November, 2021

Slovenia Update

Changes to the Legislation Governing Lease of Business Premises in Slovenia

Up until fairly recently, the lease of business buildings and business premises (offices, warehouses, pertaining parking spaces, etc.) in Slovenia was governed by the Business Buildings and Business Premises Act[1] (“Act”). Since the Act was adopted back in 1974, it was not shaped for the modern business environment in which it is both in the […]

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November, 2021

Karanovic & Partners Update

Petar Mitrović to Moderate AmCham Discussion Panel “The price of electricity for the economy: What to expect?”

Our Partner and member of the AmCham Energy Committee, Petar Mitrović, will moderate an online panel discussion on November 3, organised by AmCham Serbia. Some of the discussion topics will be short-term and long-term causes of increasing electricity prices – locally and globally, the trends in electricity prices in the future, and how to prepare […]

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October, 2021

North Macedonia: Update

North Macedonia: Investment Support for Technological Industrial Development Zones

The Minister of Finance and the Prime Minister of North Macedonia recently presented the Plan for Accelerated Economic Development (“Plan”), intended to boost the economic development in the country and provide recovery of the economy for the period between 2022 and 2026. The Plan envisages private sector investments of up to EUR 8 billion, as […]

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October, 2021

Understand Common Crimes and Risks Online

Beware of Hi-Tech Frauds!

Recently, in practice, we have encountered a number of requests of our clients related to the fraud committed by interception and breach of confidentiality of electronic correspondence by unknown and extremely computer literate and tech-savvy criminals. Frauds are usually committed by scammers in a way that they intercept business correspondence and secretly track emails, until […]

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October, 2021

IP in Street Art

Street Art – SEE Perspective

Spray? Colours? Lots of colours? Street art? Yes, yes and yes. We love it! When you see it, you might like it or not. You may perceive the effort invested by the artist, but you will probably not think about the legal aspects encompassing this topic. We will. The work of art is protected by […]

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October, 2021

Banking & Finance Update

Karanovic & Partners Advised BIG Shopping Centers on Israeli Stock Exchange Transaction

BIG Shopping Centers Ltd, the controlling shareholder (approx. 95 pct) of BIG CEE, has successfully raised 205 mln new Israeli shekels (approx. 55 mln euros) by issuing secured bonds on the Israeli stock exchange by refinancing the BIG Fashion Kragujevac, BIG Krusevac and BIG Fashion Outlet Indjija shopping centres in Serbia. BIG Group intends to […]

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October, 2021

Update: Serbia

Karanovic & Partners Advised ElevenEs on Partnering with EIT InnoEnergy to build Battery Gigafactory in Serbia

ElevenEs and EIT InnoEnergy have announced a strategic partnership to build Europe’s first large LFP battery plant in Subotica. The team led by Marjan Poljak, Senior Partner, and Igor Radovanović, Senior Associate, advised ElevenEs on this cooperation from the beginning. ElevenEs has signed agreements with EIT InnoEnergy, which Pitchbook ranks as the most active sustainable […]

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October, 2021

Women’s Leadership Summit 2021

Karanovic & Partners attend Women’s Leadership Summit 2021

Karanovic & Partners took part at the hybrid event Women’s Leadership Summit, organised by AFA, held on October 20 – 21. At the “Women at Workplace” panel, our Senior Partner Rastko Petaković discussed the importance of male engagement in advancing women at the workplace and achieving gender parity, along with Stefan Salom, Co-Founder and Director […]

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2021