/Newsroom

July, 2019

 

Facilitated Employment of Serbian Citizens in Slovenia

On 28 May 2008, the National Assembly of the Republic of Slovenia adopted the Act ratifying the Agreement between the Government of the Republic of Slovenia and the Government of the Republic of Serbia on the Employment of Citizens of the Republic of Serbia. The Protocol on the Implementation of the Agreement between the Government […] Read more
July, 2019

Karanović & Partners traditionally supports ELSA Summer School

“Business and Law” for the second time in Belgrade

Karanovic & Partners traditionally hosted the second edition of ELSA Summer School of Business Law. Organized by the European Law Students Association – ELSA, the programme took place from 30 June to 8 July in Belgrade and gathered around 50 participants from all over Europe. Karanović & Partners held a series of 4 presentations in […] Read more
July, 2019

North Macedonia

New Law on the Amendments to the Law on Financial Discipline

The new Law amending the Law on Financial Discipline (“Amendments”) was adopted on 11 June 2019. These amendments further harmonize the Law on Financial Discipline (“Law”) with the legislation of the European Union, in particular the Directive 2011/7/EU of the European Parliament and of the Council on Combating Late Payment in Commercial Transactions (“Directive”). Further […] Read more
July, 2019

Serbia

E-mail addresses have to be registered

Existing companies in Serbia are obliged to register their contact e-mail addresses with the Serbian Business Registers Agency by 1 October 2019, in accordance with last year’s amendments of the Company Law. Further, all newly incorporated companies are obliged to register their e-mail address at the moment of incorporation. The registered e-mail address is used […] Read more
July, 2019

CEE Legal Matters Article by Petar Mitrović

Support Scheme for Renewables in Serbia: A New Chapter

At the end of 2018, the Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (the “FIT Decree”) until the end of 2019. The FIT Decree was initially valid until […] Read more
June, 2019

Slovenia

IONITY Opens First HPC Stations for Electric Cars

IONITY a joint venture of BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Audi and Porsche with headquarters in Munich, Germany, now officially opened its first 350 kW charging stations in Slovenia. These are the first HPC chargers offerring the latest global technology for charging electric cars and are located at the […] Read more
June, 2019

Coca-Cola HBC acquires Serbian biscuit and confectionary maker

Transaction complete: Mid Europa Partners sells Bambi

The leading private equity investor in Central and Eastern Europe Mid Europa Partners sold Bambi, the leading Serbian biscuit and confectionary maker, to Coca-Cola HBC. The sale was completed on 18 June, and Bambi, one of the most recognisable brands in Serbia, will continue its development under Coca-Cola HBC. The Karanovic & Partners legal team, […] Read more
June, 2019

CEELM Interview with Marko Ketler

The Buzz in Slovenia

This article was originally published by CEE Legal Matters Magazine.   “It has been busy in the business arena,” says Marko Ketler, Senior Partner and Attorney at Law in cooperation with Karanovic & Partners, citing ongoing consolidation in banking sector with the potential sale of Abanka, the third largest bank in Slovenia, and recent major […] Read more
June, 2019

Karanovic & Partners provides full support in greenfield investment

ZF opens Factory in Pančevo

A leader on the car industry market, the German company ZF opens its factory in Pančevo within the first phase of the EUR 160 million investment. The factory will start producing machines, generators for hybrid and electric drives, gearshift switches and microswitches in the first half of June. The Karanovic & Partners team, led by […] Read more
June, 2019

The rights and status of UK citizens in Slovenia

What to watch out for in case of a hard Brexit and ZUVIZK

The European Commission consistently emphasises the citizens’ rights and status in its hard Brexit preparations and contingency works. It appealed to EU Member Stats to take a generous approach towards the rights of UK citizens in the EU, given that the UK reciprocates such an approach. Therefore, in line with the Commission’s “no-deal” Contingency Action […] Read more
June, 2019

Public Call in North Macedonia

Use of a Feed-In Premium for Photovoltaic Electricity

The Government of North Macedonia announced an open call for awarding a contract for the use of a feed-in premium for electricity produced in photovoltaic power plants (“PVPPs”) on state land in North Macedonia, with total installed capacity of 35 MW. Two locations are envisaged for construction of the PVPPs – Azambegovo (Sveti Nikole) and […] Read more
June, 2019

CEE Legal Matters Article by Marko Ketler

Welcome to the Slovenian Legal Market

This article is written by Marko Ketler and originally published in Issue 6.4 of the CEE Legal Matters Magazine.   After a few troublesome years during the global financial crisis, it seems like Slovenia is on a positive economic route again. On December 14, 2018, S&P Global Ratings affirmed an “A+/A-1” credit rating for Slovenia […] Read more
June, 2019

Serbia

Niš-Ekspres Fined for Abuse of Dominance

On 24 May, the Serbian Competition Commission fined the bus company Niš-Ekspres from Niš (“Niš-Ekspres”) for the abuse of dominant position in the amount of RSD 40,726,439 (app. EUR 345,000), which is 1.3% of the total turnover generated by Niš-ekspres in 2016. Niš-Ekspres applied dissimilar conditions with regards to persons purchasing platform tickets. The passengers […] Read more
June, 2019

CEE Legal Matters Article by Igor Angelovski

Investing in the Slovenian Automotive Production Industry

This article was written by Igor Angelovski and was originally published in Issue 6.2 of the CEE Legal Matters Magazine.  “If you are a company conducting business in the automotive industry with intentions of expanding on the European market, where do you look? The answer may be the Central European country of Slovenia.” Slovenia has, over […] Read more
June, 2019

Karanovic & Partners advises Mid Europa Partners on sale of Knjaz Miloš

Mid Europa Partners sells Knjaz Miloš to KMV and PepsiCo

Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, announced today the agreement to sell its shares in Knjaz Miloš to a joint venture between Karlovarské Minerální Vody (KMV) and PepsiCo, Inc. (PepsiCo). The transaction is currently subject to customary regulatory approval and is expected to close in Q3 2019. Karanović […] Read more
June, 2019

Slovenia

New Financial Incentives for Enterprises

At the beginning of 2019, the Slovene Enterprise Fund (“SEF”) introduced a new simplified programme of incentives for micro, small and medium-sized enterprises (“SMEs”). The primary purpose of these vouchers is to financially assist SMEs through the co-financing of particular services in different fields and, consequently, to positively influence the competitiveness and competences of SMEs. […] Read more
May, 2019

AmCham Roundtable

Developments in the Serbian Judicial Practice in Labour Disputes

Karanovic & Partners participated in the Roundtable on Judicial Practice in Labour Disputes, organized by the American Chamber of Commerce (AmCham) in Serbia. This was the first event of its kind, discussing key issues in judicial practice in relation to employment law. AmCham presented the results of their annual research on investor satisfaction, stating that […] Read more
May, 2019

Karanovic & Partners at the ReCaP2019

Angel Investing in the SxSE Region

Karanovic & Partners participated in the ReCaP2019 panel “Angel Investing in the SxSE Region”, organized by Impact Hub, one of the world’s largest networks focused on building entrepreneurial communities. The ReCaP2019 took place in Belgrade, on 23-24 May, bringing together world-class venture business leaders, market and technology experts from mature ecosystems and connecting them to […] Read more
May, 2019

 

Recent developments concerning Swiss franc loan issues in Serbia

On 2 April 2019, the Serbian Supreme Court of Cassation (“Supreme Court”) took a stance that would surely open a number of issues in the coming period regarding a topic that has long provoked quite a bit of controversy in the professional and wider public – loan agreements with the currency clause denominated in Swiss […] Read more
May, 2019

Connecting Economies for Stronger Growth

EBRD Annual Meeting and Business Forum in Sarajevo 2019

Karanovic & Partners attended the EBRD Annual Meeting and Business Forum in the Bosnian capital of Sarajevo. The theme of this year’s forum was Connecting Economies for Stronger Growth. Around 3,000 leading experts, government officials, business professionals, environmental specialists, entrepreneurs and others attended the event. In over 40 sessions, with topics including global trade, blockchain, […] Read more