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Newsroom

January, 2021

Tax news: Serbia

Updates to the Serbian Tax Legislation

At one of the last sessions, the Serbian Parliament adopted amendments to the tax laws governing the taxation of companies and natural persons, as well as general tax procedures. The main driver for the reform was the introduction of the taxation regime for digital assets and open-end and alternative investment funds. Also, as part of […]

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January, 2021

Major acquisition in the Energy sector

Closing of the Largest Cross Border Acquisition in the Croatian Biomass Sector

In the very last days of 2020, our colleagues from Ilej & Partners in cooperation with Karanovic & Partners closed the largest cross border investment into the Croatian biomass sector until today. The client, Pearl Infrastructure Capital, a French investment fund specialized in investments into the renewable energy sector, acquired Energy 9, a Croatian group […]

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January, 2021

Karanovic & Partners supports Alibaba and Yahoo!

Alibaba and Yahoo! (Verizon) Appoint Karanovic & Partners as their Privacy Representative in Serbia

Alibaba, one of the world’s largest retail and e-commerce companies, and Oath Inc., a subsidiary of Verizon operating under the Yahoo! brand (amongst others), have appointed Karanovic & Partners as their data protection representatives in Serbia. In this capacity, Karanovic & Partners is authorised to act on behalf of these companies in relation to their […]

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January, 2021

SAS Acquires Tech Company Boemska

Karanovic & Partners advised SAS on acquisition of Boemska

SAS Institute Inc, the global leader in analytics, announced that it has acquired Boemska, a privately held technology company specializing in low-code/no-code application deployment and analytic workload management for the SAS® platform. This is a multi-jurisdictional acquisition, as Boemska has R&D center in Serbia. Karanovic & Partners team, led by Partner Ivan Nonković and Associate Marko […]

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January, 2021

Acquisition in the Lottery Industry

Karanovic & Partners Advised Pollard Banknote on the Acquisition of Next Generation Lotteries

Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS („NGL“), a leading provider of lottery management and iLottery technology, for the purchase price of 36 million EUR. The Acquisition is subject to certain standard regulatory and third-party consents and is expected to […]

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January, 2021

COVID-19 Slovenia Update

Seventh Anti-Corona Act – Measures for Employers

On 29 December 2020, the Slovenian National Assembly adopted the Seventh Anti-Corona Act[1], which entered into force on 31 December 2020. The Seventh Anti-Corona act provides for the following measures relevant for the employers:   “Forced” retirement Pursuant to the Seventh Anti-Corona Act, an employer may terminate an employee’s employment agreement with a notice period […]

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December, 2020

COVID-19 Slovenia Update

Impact of the Seventh Anti-Corona Act on lease agreements

On 29 December 2020, the National Assembly of the Republic of Slovenia adopted the Intervention Measures Act to Mitigate the Consequences of the Second Wave of the COVID-19 Epidemic (“Seventh Anti-Corona Act”), which entered into force on 31 December 2020. According to the Seventh Anti-Corona Act a lessees of business buildings or business premises (“business […]

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December, 2020

Competition Update - Croatia

Croatian Competition Agency Publishes its Analysis of the On-Line Booking Sector

In December 2020, the Croatian Competition Agency (the “Agency”) published a summary of its’ analysis of the online booking market. The analysis came as a result of a growing influence of digital economy in the accommodation sector, both globally and in Croatia, as a significant tourist destination. The main focus of the sector inquiry was […]

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December, 2020

The New Law on Digital Assets

Serbia Regulates Digital Assets

The Serbian Parliament adopted the new Law on Digital Assets (the “Law”), which came into force on 29 December 2020 and will start applying 6 months later, in an effort to bring legal certainty to what has so far been considered a legal gap. In parallel to the adoption of the Law, the Parliament has […]

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December, 2020

Legal Update – Montenegro

Tax Administration Introduces the Possibility of Electronic Registration of Business Entities

The Tax Administration of Montenegro is implementing a project that will enable the electronic registration of economic entities as well as several other electronic services related to the register of economic entities through the eFirma portal (https://efirma.tax.gov.me). The completion of the entire project, which is planned in the mid-2021, will establish a system for electronic […]

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December, 2020

Focus on Competition 14th Edition

New “Focus on Competition” Annual Publication is Out

Karanovic & Partners is proud to announce that the 14th edition of our annual Focus on Competition publication is finally out. As in previous years, the latest edition features articles from some of the most prominent figures in the field of competition law. As this year marked the 16th anniversary of the establishment of the […]

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December, 2020

Competition Conference 2020 – Online Edition

Karanovic & Partners’ 15th Competition Conference Held Online for the First Time

Karanović & Partners, together with Friedrich Naumann Foundation for Freedom, held on 15 December 2020 our traditional annual Competition Conference, online for the first time in 15 years. More than 100 attendees from different parts of the world joined our Zoom session in order to discuss the latest developments in the field of competition law. […]

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December, 2020

Competition Update: Croatia

Transposition of the ECN+ Directive in the Pipeline

In December 2020, the Croatian Competition Agency (the “Croatian NCA”) initiated public consultations concerning the amendments to the existing Competition Law, with plans to publish an official report by the end of January 2021. The intention of the amendments is further harmonization with the acquis, i.e. transposition of ECN+ Directive[1]. The proposed amendments will introduce […]

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December, 2020

Energy Update - Croatia

Croatian Renewables Incentives Tender – Deadline Approaching

On 12 November 2020 the Croatian Energy Market Operator (“HROTE“) published the first public tender for granting feed-in tariffs (“FIT“) and premiums (“FIP“) incentives under the newly established renewable energy sources incentive system. The deadline for bid submission expires on 12 December 2020. Under the new legal framework, FITs are reserved only for production facilities […]

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December, 2020

Star Taxi App Case

CJEU Rules that Electronic Taxi Application is an Information Society Service

On 3 December, the Court of Justice of the European Union (CJEU) ruled that a service that puts taxi passengers directly in touch with taxi drivers by means of an electronic application constitutes an information society service. As such it does not form an integral part of an overall service, regarding which the principal component […]

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December, 2020

Healthcare and Pharmaceuticals Update

KanaVape Case: CJEU Rules CBD is Not a Narcotic Drug

On 19 November 2020 the Court of Justice of the European Union (CJEU) ruled in a landmark decision that the cannabidiol (CBD) is not a narcotic, as it did not appear to have any psychotropic effect or any harmful effect on human health. CJEU stated that CBD is not mentioned in either the Convention on […]

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December, 2020

Aricoma Group Acquires the Tech Company Seavus

Karanovic & Partners Advised KKCG Group on Acquisition of the Seavus

The private investment group KKCG Group has closed their multi-jurisdictional acquisition of the Seavus group. Our cooperating lawyers from North Macedonia handled the local side of the transaction and coordinated the work for Serbia, Bosnia and Herzegovina and Albania on the buy-side of the acquisition, which was led by Clifford Chance Prague as the lead […]

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December, 2020

Rastko Petaković at DSI Fireside Chat

Karanovic & Partners at CEO Summit 2020

Karanovic & Partners took part at CEO Summit, one of the largest and most significant business conferences in the region. On the first day of the conference, our Senior Partner Rastko Petaković and CEO of Centili Zoran Vasiljev discussed the possibilities that domestic startups offer for the recovery of the entire Serbian economy. As Digital […]

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November, 2020

COVID-19 Slovenia Update

Sixth Anti-Corona Act – Measures for Employers

On 25 November 2020, the Slovenian National Assembly adopted the sixth Anti-Corona Act[1], which will enter into force the next day after its publication in the Official Gazette of the Republic of Slovenia. The measure of partial reimbursement of salary compensation for employers who order employees to wait for work at home due to the […]

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November, 2020

COVID-19 Slovenia Update

Impact of the Sixth Anti-Corona Act on Lease Agreements in Slovenia

On 25 November 2020, the National Assembly of the Republic of Slovenia adopted the Intervention Measures Act to Mitigate the Consequences of the Second Wave of the COVID-19 Epidemic (“Sixth Anti-Corona Act”), which shall enter into force the following day after being published in the Official Gazette of the Republic of Slovenia. Pursuant to Article […]

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2021