September, 2019

Next step for parents in CryoSave case

Contact form for CryoSave case set up

Considering the recent events surrounding stem cell bank CryoSave, Karanović & Partners decided to set up a dedicated form, where parents can leave their information and choose whether to be contacted with additional information as it becomes available. Parents who have already sent an E-mail do not need to fill out the new form, as […] Read more
September, 2019

Financial services without going to the bank

Serbian Banks Embracing Digital Technologies

The rapid development of digital technology has brought FinTech to Serbia, and what is certain from the beginning is that it will substantially reshape the interaction between service providers and users. Customer demands for efficiency are about to bring various technological innovations into the industry, which will create new opportunities and accelerate further development of […] Read more
September, 2019

Karanović & Partners holds a presentation on new Serbian Data Protection Law

The new Law on Personal Data Protection – Key Innovations and What you Need to Know

Karanović & Partners held a presentation about the new Law on Personal Data Protection on September 18 at our office premises. Senior Associates* Sanja Spasenović and Milica Filipović, lawyers with vast knowledge and experience in data protection matters in Serbia, talked about the key innovations the Law brings. This new piece of legislation stepped into […] Read more
September, 2019

Reference Rates Reform in SEE

In the Wake of the Reference Rates Reform – Focus on SEE

Reference interest rates play a central role on the financial markets. They are widely used across a range of financial products, including loans, deposits, securities and derivatives. Concerns about the sustainability of the existing reference rates following global rate-rigging scandals have led to a reform process. The reform is aimed at creating new, nearly risk-free […] Read more
September, 2019

Legislation Update - Croatia

Act on Amendments of the Civil Procedure Act Steps into Force

The Act on Amendments of the Civil Procedure Act in Croatia stepped into force on 1 September 2019 and brought substantial changes through the first amendments of the provisions governing civil procedure since the reform in 2013. The amendments were praised in Croatian legal community, because they aim to expedite dispute resolution and end the […] Read more
September, 2019

CEE Legal Matters Article by Igor Angelovski

Trends in Liability for Defective Products Involving Vaccines

Pharmaceutical products have been in the spotlight of the Council of the European Union’s Product Liability Directive since its adoption in 1985. Despite the amount of time that has passed, some legal uncertainties remain that strike directly at the notion of defectiveness, as well as the causal link between the defect and the damage (which […] Read more
September, 2019

CEE Legal Matters Article by Goran Radošević and Milica Filipović

The New Law on Healthcare Protection in Serbia

At the beginning of April 2019, the Serbian Parliament adopted the new Law on Healthcare Protection (the “Law”), with the aim of improving the legal framework and facilitate better functioning of the healthcare system in Serbia, aligning it more closely to EU standards in this field. This new piece of legislation introduces significant novelties to […] Read more
September, 2019

Karanovic & Partners enters Albanian market

Karanovic & Partners Established Cooperation with CR Partners

Karanovic & Partners is pleased to announce the establishment of cooperation with CR partners, a full-service independent law firm in Albania. CR partners is an experienced law firm from Albania, positioned as a market leader for cross-border transactions, international projects, legislation drafting, PPP projects, etc. The firm is consistently recognised as a local market leader […] Read more
September, 2019

Who’s Who Legal Names Karanovic & Partners Two Years in a Row

The Leading Competition Lawyers in Serbia

The Karanovic & Partners competition team is once again named as the leading competition lawyers in Serbia in the 2019 edition of Who’s Who Legal: Competition. For two years in a row, our Senior Partner Rastko Petaković, Partner* Bojan Vučković and Senior Associate* Bojana Miljanović were listed among other world’s best competition lawyers. WWL: Competition […] Read more
August, 2019

Legislation Update: Serbia

Public Consultations on the Draft of the New Serbian State Aid Law in the Final Phase

On 19th August 2019, the Commission for State Aid Control of the Republic of Serbia (“CSAC”), assisted by the National Alliance for Local Economic Development (NALED), organized the third round of public discussions concerning the draft of the new State Aid Law (the “Law”) in Serbia. The preparation of the draft Law came as a […] Read more
August, 2019

Karanovic & Partners Advised on Another Capital Transaction in Serbia

Knjaz Miloš Sold to KMV and PepsiCo

One of the largest deals of 2019 is officially completed – Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, sold its shares in Knjaz Miloš to a joint venture between Karlovarské Minerální Vody (KMV) and PepsiCo, Inc. (PepsiCo). Karanović & Partners acted as local counsel for Mid Europa Partners in […] Read more
August, 2019

The Recognition of Importance of Arbitration and Mediation in Business

Serbia Signs the Singapore Convention

On 7 August 2019, Serbia became one of the first 50 countries in the world to sign the United Nations Convention on International Settlement Agreements Resulting from Mediation – dubbed the Singapore convention. Much like the New York Convention on Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the Singapore Convention aims to […] Read more
August, 2019

Serbia Attracts the Most Greenfield Investments in 2019

Serbia Tops Global Greenfield FDI Performance Index

Serbia achieved the top spot at the Greenfield FDI Performance Index[1] for 2019 – fDi Intelligence, a Financial Times data division, placed Serbia as a number one in its annual Greenfield FDI Performance Index study. The Study, which looks at inbound greenfield investment in 2018 relative to the size of each country’s economy, assigned the […] Read more
August, 2019

Legislation Update: Serbia

Serbian Law on Enforcement and Security Amended Again

Latest amendments to the Law on Enforcement and Security were published on 26 July 2019 in the Official Gazette RS no 54/19.  The Law entered into force on 3 August 2019, however its application is postponed until 1 January 2020, save for article 166 that is being applied immediately (most notably transferring all pending enforcement […] Read more
August, 2019

The Ministry of Economy of Montenegro Published the Public Invitation

Tender for Brajići Wind Power Plant Published

The Ministry of Economy of Montenegro published the public invitation for awarding the long-term lease of the state-owned land on the Brajići location, on the territories of Budva and Bar (the Invitation), for the purposes of design, construction, use and maintenance of the wind power plant of the minimal installed capacity of 70 MW (the […] Read more
July, 2019

Legislation Update: Serbia

New Trade Regulations in Serbia: Paving the way to the digital market?

On 22 July 2019, Serbia enacted a new Law on Trade, as well as some important amendments to the Law on E-Commerce. The new trade regulations in Serbia are an attempt to keep pace with European legislation and the comparative practices of other countries, with the applicability of some provisions postponed until the country officially […] Read more
July, 2019

Karanovic & Partners advises Abris

Abris Capital Partners acquires Global Technical Group

The private equity fund Abris Capital Partners has taken over a majority stake in Global Technical Group, the largest provider of end-to-end solutions for building management and integrating technical and security solutions in Romania. Karanovic & Partners, along with Clifford & Chance, advised Abris in this transaction – which is currently conditional upon securing clearance […] Read more
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