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Newsroom

November, 2022

Focus on Competition 16th Edition

Karanović & Partners presents the 16th edition of “Focus on Competition”

Karanović & Partners is pleased to announce that we have published the 16th edition of our book Focus on Competition. Our newest edition of Focus on Competition provides an overview of the recent trends and developments in the Balkans and throughout Europe – what we can expect from the new EU Vertical Block Exemption Regulation, […]

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November, 2022

Colt to Acquire Lumen Technologies’ EMEA

Karanović & Partners has advised Colt Technology Services on the entry into an agreement regarding the acquisition of Lumen Technologies’ EMEA business

Colt Technology Services (Colt), a digital infrastructure company, announced the entry into an exclusive arrangement for the proposed acquisition of Lumen Technologies’ Europe, Middle East, and Africa business for $1.8 billion. The envisaged transaction is subject to customary conditions. Karanović & Partners, together with Baker McKenzie, advised Colt on the Serbian aspects of this transaction. […]

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November, 2022

Serbian Competition Authority – Recent Activities

Increased Enforcement from the Serbian Competition Authority: Gun-jumping, RPM, and Abuse of Dominance in the Crosshair

This autumn was certainly marked by the increased enforcement activities of the Serbian competition authority since it initiated five investigations in the past six weeks. The alleged anti-competitive activities encompass all three main pillars of competition law: merger control, restrictive agreements, and abuse of dominant position.   Gun-Jumping Investigations on the Rise   In the […]

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November, 2022

Legislation Update: Serbia

Last Call to Harmonize with the Serbian Company Law

Amendments to the Company Law rendered in 2021 prescribe the obligation to register the following data as part of the information on the company’s seat: city, municipality, street or square, house number, floor, and apartment number (for more details on these and other amendments to the Company Law, please see our previous newsletter). While most […]

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November, 2022

17th Focus on Business & Regulation Conference

Karanović & Partners Holds the Focus on Business and Regulation Conference

On November 1, 2022, Karanović & Partners held the Focus on Business and Regulation Conference at Hyatt Regency, Belgrade. After two years of online webinars, we have gladly hosted the physical conference for our distinguished clients and colleagues. At the conference, we presented the newest edition (16th in a row) of our annual publication Focus […]

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October, 2022

Renewable Energy at Turning Point

The Panel Discussion on the (Un)used Potential of Renewable Energy in Serbia

Our Partner in the Energy and Natural Resources Industry Group Petar Mitrović presided over “The (Un)used Potential of Renewable Energy in Serbia”, the panel discussion on green transition, held on 20 October 2022. The event took place in Media Center in Belgrade, Serbia, and was organized by Beta news agency, in cooperation with the European […]

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October, 2022

SAM Business Breakfast

Business Breakfast On “Employee Stock Ownership Plans”

Karanović & Partners together with the Serbian Association of Managers organized a business breakfast on 13 October 2022. Our colleagues prepared an informative talk on the subject matter, with the aim of contributing to the local business community. The event gathered numerous executives and business founders interested in this innovative mechanism to motivate and reward […]

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October, 2022

FIC Networking Cocktail 2022

Karanović & Partners Held the Foreign Investors Council Networking Cocktail

On 5 October 2022, Karanović & Partners had the pleasure to be the host of the second Foreign Investors Council Networking Cocktail this year. The Executive Director of the Council, Aleksandar Ljubić, had the opening speech: “We are proud that for 20 years, FIC Serbia has been gathering the most important foreign investors who make […]

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October, 2022

Opening of the MTU Maintenance Serbia

Karanović & Partners Advised MTU Aero Engines, Prior to the Opening of the Facility in Serbia

A German aircraft engine manufacturer MTU Aero Engines opened the MTU Maintenance Serbia, a new plant located within the newly designated industrial park in Nova Pazova, on 7 October 2022. Germany’s leading manufacturer for developing, manufacturing, and providing service support for military and civil aircraft engines came to Serbia in 2021, for the reason of […]

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October, 2022

Sarajevo Event on the Deadlocks in the Decision-Making

Karanović & Partners Hosted the Workshop on Deadlocks in Decision-Making

Our colleagues, Nihad Sijerčić and Nevena Tomić Lučić, Attorneys at Law in cooperation with Karanović & Partners, hosted a workshop “Deadlock and deadlock breaking mechanisms in the decision-making of small and medium enterprises”. It took place in Sarajevo, 30 September 2022, and was supported by the EBRD and EU. The EBRD representatives and Mr Kemal […]

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September, 2022

Legislation Update: Serbia

The path to effective consumer protection: one rulebook or one year at a time?

The Minister of Trade, Tourism and Telecommunications adopted the Rulebook on the Functioning of a Body for Out-of-court Settlement of Consumer Disputes (the “Rulebook”), which became applicable on 25 June 2022. This is another step towards ensuring that the mechanisms introduced in the last year’s Consumer Protection Law (the “Law”) become operational. The Rulebook is […]

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September, 2022

k/andidates programme

Karanović & Partners is hiring Next Generation of Trainees

Autumn call for k/andidates programme is now open. Our team is looking for law graduates who are searching for unique trainee experience and a fast track to the legal experience they always dreamed of. K/andidates programme is a great chance to participate in work with our clients and put your knowledge into practical context. As […]

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September, 2022

Karanović & Partners Update

Karanović & Partners at the Western Balkans 2022 Energy Week

Our Partner Petar Mitrović took part in the Western Balkans 2022 Energy Week. The conference was held from 6 to 8 September in Budva, Montenegro. The event gathered authorities and energy companies from the Western Balkans along with the international financial institutions and major multinational investors, EPC and consultancy firms for a dialogue aimed at […]

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August, 2022

North Macedonia: Public Calls for Choosing Heat Energy Providers

Public Calls for Choosing a Provider for Production, Distribution and Supply of Heat Energy in North Macedonia’s Capital

The Government of North Macedonia (“Government”) has published the public calls for choosing a provider for (i) regulated production of heat energy; (ii) distribution of heat energy; and (iii) supply of heat energy. The Government intends to choose providers of the abovementioned energy activities (which are considered as public services) to meet the needs of […]

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August, 2022

Banking & Finance Update

GGF Extends Its Portfolio in Serbia

We are pleased to announce that Karanovic & Partners supported the Green for Growth Fund, Southeast Europe (GGF) with the provision of another loan in Serbia, as part of its efforts to provide finance for energy efficiency and renewable energy investments in the Southeast Europe Region. In June 2022, GGF closed a deal with UniCredit […]

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August, 2022

Corporate Update

Karanović & Partners advised Hidden Harbor Capital Partners on acquisition of Dayco, LLC

Hidden Harbor Capital Partners, a private equity firm that helps create business success stories by building teams focused on execution, and Dayco, LLC, a leading engine products and drive systems supplier for the automotive and aftermarket industries, have signed a definitive agreement pursuant to which Hidden Harbor will acquire Dayco. The Karanovic & Partners team, […]

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August, 2022

Closing of Major Acquisition in Croatia

CHIRON Group acquires Croatian company HSTEC

CHIRON Group SE, a German-based world leader in metal industry, acquired 90% shares in the Croatian company HSTEC. Our colleagues from Ilej & Partners in cooperation with Karanovic & Partners including Partner Iva Tokić Čuljak and Associate Antun Skansi, advised CHIRON Group on all legal matters and successfully closed the transaction. The CHIRON Group, headquartered […]

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August, 2022

Data Protection Serbia Update

“Keep it Personal”: Serbian Commissioner for Personal Data Protection initiates new campaign

The Serbian Commissioner for Personal Data Protection, supported by OSCE, initiated a new campaign called “Keep it Personal”, with the intent to promote the importance of right to privacy and adequate personal data protection. Three years after adoption of the Personal Data Protection Law, which was introduced to bring the EU-privacy standards on the local […]

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July, 2022

2022 IFLR1000 Ranking Announced

Karanovic & Partners ranked in the latest 2022 IFLR1000 ranking of the leading legal practices

Karanovic & Partners has been recognized once again as a top-tier law practice in the latest 2022 IFLR1000 ranking of the leading legal practices. The IFLR1000 currently researches more than 235 jurisdictions globally. IFLR1000 has once again ranked Karanovic & Partners and the cooperating lawyers as the Tier 1 in the Financial & Corporate and […]

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July, 2022

Another Major Energy Acquisition in Croatia

Enlight Renewable Energy (TASE: ENLT): acquisition closing and joint development in Croatia

Israeli company Enlight Renewable Energy (TASE: ENLT) announced that it has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia. The portfolio comprises five projects in various stages of development, four of which are solar, totalling 386 MW, and a wind project of 139 […]

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2022