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Newsroom

May, 2021

Data Protection Serbia Update

Received a Self-assessment Checklist from the Data Protection Commissionaire? Here is what to do

The Serbian Data Protection Commissionaire holds broad inspection powers under both the Data Protection Law and the Inspection Supervision Law. These powers also include one that has gained significant traction in recent months – sending an email with a checklist to companies and requesting them to prepare and submit a self-assessment report to the Commissionaire. […]

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April, 2021

Online Event “Year of COVID – Work Organization”

Karanovic & Partners at the FIC Online Open Dialogue

Karanovic & Partners took part at the FIC online Open Dialogue “Year of COVID – Work Organization” held on April 13. Partner Milena Jakšić Papac moderated the discussion as the HR Committee President of the FIC (Foreign Investors Council). The focus of the event was on the Guide to Safe and Healthy Work from Home. […]

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April, 2021

Legal 500 Rankings Update

Karanovic & Partners Ranked Among Top-Tier Law Firms in 2021

Karanovic & Partners is proud to announce that we have once again been listed among leading law firms in the 2021 Legal 500 rankings. Along with the top-tier ranking in 10 practice areas across the region, our lawyers received individual praise by the distinguished, UK-based legal directory. Senior Partners Dragan Karanović, Darko Jovanović, Milan Lazić, […]

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April, 2021

Regional Update

New combination to strengthen regional presence

Karanovic & Partners is proud to announce the combining of legal practices of Iva Tokić Čuljak and Ivana Sverak with Ilej & Partners in cooperation with Karanovic & Partners. This combination brings together a wealth of experience in some of the most complex Croatian and cross-border deals and advisory work to date. Ivana has been […]

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April, 2021

Anti-corruption in Serbia: New Law on Prevention of Corruption

What you need to know about the new Law on Prevention of Corruption

With the idea to support the industry regarding the new Law on Prevention of Corruption, Karanovic & Partners held a webinar for Inovia membership. Senior Partner Marjan Poljak, Partner Goran Radošević and Special Advisor Sanja Spasenović presented key provisions of the new anti-corruption legislation and the practical impact on companies’ operations. The webinar also had […]

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April, 2021

Case study: Start-up and Intellectual Property

Karanovic & Partners held an Interactive Workshop for Law Students

Karanovic & Partners held another workshop for law students called “Case study: Start-up and Intellectual Property”, in cooperation with the Faculty of Law, University in Belgrade, on April 7. The case study included an interesting story about the “Valtazar” start-up, launched in order to provide backup legal services to lawyers in digital surroundings. However, there […]

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April, 2021

New Moves

Karanovic & Partners advises Corialis on its acquisition by Astorg from CVC Capital Partners

Astorg has entered into exclusive negotiations to become the new majority shareholder of Corialis, a leading European designer and manufacturer of aluminium systems for windows and doors, from CVC Capital Partners Fund VI. Founded in 1984 and headquartered in Belgium, Corialis employs c. 2,700 people across eight sites in the UK, Belgium, France, Poland, Portugal, […]

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April, 2021

Tax News: Bosnia and Herzegovina

Registration of foreign entities before ITA in Bosnia and Herzegovina is finally functioning

Indirect Taxation Authority of Bosnia and Herzegovina (“ITA”) conducts, among other, the registration of the taxpayers for Value Added Tax (“VAT”) purposes in Bosnia and Herzegovina. Pursuant to the applicable Value Added Tax Act of Bosnia and Herzegovina, there are two types of registration: (i) obligatory – in case the turnover in previous year exceeds […]

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April, 2021

M&A Serbia

Frontier Pharma and Baystone Group buy Serbian factory Zdravlje Leskovac

Teva Pharmaceuticals, one of the largest pharmaceutical companies in the world, reached an agreement with Frontier Pharma and Baystone Group to sell them its Serbian factory Zdravlje Leskovac. Karanović & Partners advised Teva Pharmaceuticals, with transactional team led by Senior Partner Dragan Karanović, Partner Miloš Jakovljević and Senior Associate Sava Drača, and regulatory team led […]

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March, 2021

New Moves

Karanovic & Partners advises on Serbian aspects of CTP IPO

Karanovic & Partners acted as Serbian local counsel in connection with CTP’s initial public offering (IPO) and listing of its shares on Euronext Amsterdam. CTP Group is the largest full-service owner-developer of prime industrial and logistics property in the Central & Eastern Europe region and its Serbian property portfolio includes logistics parks in Belgrade, Kragujevac […]

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March, 2021

The Mentorship of Advisory program by the Serbian Development Agency

Serbian Government Supports Young and Female Entrepreneurs

Serbian Ministry of Economy invited people under 30 years of age and women entrepreneurs to apply for government supporting services which will be realised through the Serbian Development Agency and Regional Development Agencies. The Government prepared two packages of supporting services. For young people 18-30 years of age, the Government offers support provided by professionals […]

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March, 2021

Serbia: Latest Amendments to the Tax Legislation

Arm’s Length Interest Rates for 2021 Published

Serbian Ministry of Finance published a Rulebook on arm’s length interest rates for 2021. Mostly, the trend of decrease in the arm’s length rates compared to the previous years continues. As a reminder, based on Serbian Corporate Income Tax Law (CIT Law), the arm’s length interest can be determined either by using the interest rates […]

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March, 2021

Karanović & Partners Advises On New Wind Farm Project

Interenergo and Trigal to construct wind park in North Macedonia

Interenergo, an international energy company and one of the largest of its kind in Slovenia, along with the investment firm Trigal, enter into a EUR 40 million investment for the construction of 30 MW wind farm in Bogdanci, North Macedonia. Our cooperating local lawyers from North Macedonia provided full-scale assistance to Interenergo in this respect. […]

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March, 2021

New Moves

Karanovic & Partners advises MTU Aero Engines in the construction of a new Facility in Serbia

Karanovic & Partners advised MTU Aero Engines, a German aircraft engine manufacturer that develops, manufactures, and provides service support for military and civil aircraft engines. The Karanovic & Partners team, led by Senior Partner Marjan Poljak and Senior Associate Ana Luković advised the company in relation to the construction of the new Maintenance-Repair-and-Overhaul-Facility in Serbia […]

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March, 2021

Online Property & Infrastructure Development Conference

Karanovic & Partners at the 6th Property and Infrastructure Development Conference

Karanovic & Partners took part at the 6th Serbia and Western Balkans Property and Infrastructure Development Conference held today. Senior Associate Ana Luković participated at an experts panel discussion Property & Infrastructure Projects: Challenges and Opportunities. At the online panel discussion, Ana talked about the current situation on the real estate market, the best ways […]

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March, 2021

Top Ranked Legal Practice in the SEE

Karanovic & Partners Remains Ranked as a Leading Law Firm in Chambers Europe 2021

Karanovic & Partners is proud to announce that we have once again been listed among the leading law firms in Europe in the latest edition of Chambers Europe 2021. In the newest edition of the Chambers guide, six practice areas within the Karanovic & Partners legal practice rank Band 1 – including Banking & Finance, […]

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March, 2021

Pontes the CEE lawyers, Karanovic & Partners and enervis publish a market intell...

Renewable Energy Investment Guide Published

PONTES the CEE lawyers, Karanovic & Partners and enervis are pleased to publish the Renewable Energy Investment Guide for Central Eastern & Southeast Europe. The new European Green Deal is supposed to be the key programme of the European Union to stimulate the economy after the economic crisis caused by the COVID-19 pandemic. “Net Zero […]

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March, 2021

New moves

Karanovic & Partners advises Continental with the lease, land acquisition and construction in Serbia

Karanovic & Partners advised Continental Teves, a German multinational company and one of the largest tire manufacturers and suppliers to the automotive industry worldwide. The Karanovic & Partners team, led by Partner Petar Mitrović assisted with the state incentives while Senior Associates Ana Luković and Milorad Gajić advised in relation to the land acquisition, lease […]

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March, 2021

Getting ready for risk-free rates – IBOR transition in the Western Balkans

Karanovic & Partners attend webinar regarding the IBOR Transition in the Western Balkans

On 10 March 2021, Partner* Maja Jovančević Šetka and Ermina Delić Kamenčić, Partner at Ketler & Partners, member of Karanovic, participated as expert panellists at a webinar hosted by Dentons, focusing on the effects of the IBOR transition and switching to risk free rates in the Western Balkans. Aside from Maja and Ermina, the panel […]

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March, 2021

CEE Legal Matters Experts Review: M&A & Private Equity

COVID-19 Impact on M&A Transactions in Serbia – Crisis as a Stimulus for Change

This Article was originally published in Issue 7.12 of the CEE Legal Matters Magazine. COVID-19 has changed so many things in our lives. Nothing has remained untouched, from social relations to business. Naturally, it has also heavily affected M&A activity in Serbia, just as across the entire SEE region. At the very beginning, uncertainty fell […]

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2021