Newsroom

January, 2020

Legislation Update - Slovenia

Additional Legal Protection in Public Procurement Procedures

The National Assembly of the Republic of Slovenia adopted an amendment to the Legal Protection in Public Procurement Procedures Act (“Amended Act”) which came into effect on 19 December 2019, apart from Article 39.a, governing the newly introduced administrative dispute, which will be effective as of 1 January 2021. The amendment represents a step towards […]

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January, 2020

Official Statement

Forcing Out Competitors and Market Division: Waste Management Cartel in Slovenia

On 21 January 2020, the Slovenian Competition Agency (the “Agency”) published an official statement regarding its recent decision establishing that companies Surovina, Dinos, Salomon and Recikel (hereinafter: the “Parties”) colluded to eliminate a competitor and to divide the waste management market in Slovenia.   The markets concerned include the downward market of packaging waste management […]

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January, 2020

Legislation Update

Significant Novelties and Legal Solutions of the new Labor Law in Montenegro

The new Labour Law of Montenegro (the “Law”) was published in the Official Gazette of Montenegro no. 74/2019 on December 30, 2019, and entered into force on January 7, 2020, whereas the Labor Law (“Official Gazette of Montenegro”, nos. 49/08, 59/11, 66/12, 31/2014 and 4/18) ceased to apply. Significant novelties prescribed by the new Law […]

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January, 2020

Legislation Update

Law on Strategic Investments adopted in North Macedonia

The purpose of the recently adopted Law for Strategic Investments (“Law”) which is in line with the directives of the European Union, is to encourage, attract and create conditions for conducting strategic investments. This Law should encourage economic growth, employment and use of new technologies and innovations, increasing the competitive economic opportunities of North Macedonia, […]

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January, 2020

What do the reforms bring

Amendments to Tax Laws in the Region

Tax laws in Serbia were amended at the end of 2019 and entered into force 2020, with the most significant change affecting the status of entrepreneurs. Significant amendments to tax laws were also made in North Macedonia and Slovenia. Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base […]

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December, 2019

Fresh Changes

Amendments to the Serbian Company Law Enacted

The National Assembly of the Republic of Serbia enacted amendments to the Company law on 23 December 2019. The amendments enable limited liability companies to use the concept which resembles stock option schemes. Limited liability companies (by far the most frequent company form in Serbia) will be able to incentivize their employees and other individuals […]

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December, 2019

Strongest Commitment for Talent Management

Karanovic & Partners Wins The 2019 Stanton Chase Award

We are honoured to announce that Karanović & Partners has been chosen as the winner of this year’s Stanton Chase award for Strongest Commitment for Talent Management. This is the second year in a row that we are winning this prestigious accolade – Karanović & Partners won its first Stanton Chase Talent Management Award in […]

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December, 2019

New appointments in the Commission for State Aid Control

New President and Council Members for the Commission for State Aid Control

Not long after adopting the new Law on State Aid, the National Assembly of the Republic of Serbia appointed the President and four council-members of the Serbian Commission for State Aid Control (“CSAC”). State aid control in Serbia has been identified as an area that requires significant and priority improvement in EU accession, as the […]

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December, 2019

New Framework

Germany Pioneering in Digital Antitrust Law Regulation

The German Ministry of Economy and Energy published a new and ambitious draft of the Law on Digitalisation of German Competition Law (the “Law”), expected to enter into force in the second half of 2020. Germany aims to remain a forerunner of antitrust regulation of digital markets by introducing this “digital antitrust law” and by […]

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December, 2019

Fine Enforcement

Slovenian Competition Protection Agency seizes Agrokor’s shares in Mercator

In late 2019, the Slovenian Competition Protection Agency (the “Agency”) shocked the local business community by announcing that it has temporarily seized the Croatian conglomerate Agrokor’s shares in Slovenia’s largest retailer Mercator d.d., worth an estimated EUR 140 million, for the purpose of securing the enforcement of a previously-imposed fine. The fine of EUR 53.9 […]

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December, 2019

Major Acquisition

Karanović & Partners advises Playrix in Enharmonic Games acquisition

Karanović & Partners is pleased to announce it has provided all around legal support and advice to Playrix on its acquisition of Serbian company Enharmonic Games. Playrix is one of the world’s leading game design studios and this transaction represents a part of the company’s continuing business strategy to expand into new markets. Our team […]

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December, 2019

Next Step

FSMA Authorized EMMI for Provision and Administration of EONIA under EU BMR

The Belgian Financial Services and Markets Authority (FSMA) authorized the European Money Markets Institute on 11 November for the provision and administration of EONIA under Article 34 of the EU Benchmarks Regulation (EU BMR). “EMMI has provided the FSMA with comprehensive information attesting that all the necessary arrangements to meet the requirements in the EU […]

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December, 2019

Serbian Market Insight

The Buzz in Serbia: Interview with Petar Mitrovic

“There are no major movements between firms, or any new firms popping up. There have been some movements, some partners leaving their law offices and moving to the private sector, but nothing worth writing home about “, says Partner* Petar Mitrovic about the Serbian legal market. Mitrovic carries the tune when it comes to the […]

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December, 2019

Conclusions and Recommendations

Karanović & Partners at the Conference on Judiciary and Business

The Conference on Judiciary and Business was held on 10 December at the Crowne Plaza Hotel in Belgrade. The conference is the last in a series of topic-based expert discussions between representatives of the judiciary and the private sector. The event was organized by AmCham in cooperation with the Serbian Ministry of Justice and the […]

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December, 2019

Leaders are made, not born

Karanović & Partners at The Future is Now Conference

Future is Now Conference was held on 5 December at Hotel Moskva in Belgrade. The conference is dedicated to corporate innovation and the latest IT trends that contribute to business development. Managing Partner Rastko Petaković was the moderator of the CEO Panel, which included CEO of Mol Ante Aralica, Dejan Pešić, CEO of MediGroup, Nebojša […]

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December, 2019

Lucky Thirteen

Karanovic & Partners launch new Focus on Competition Annual Publication

Karanovic & Partners has launched the newest, 13th, edition of Focus on Competition publication during the Competition and Business Regulation Conference held at the Hilton Belgrade hotel on 4 December. This year’s edition features articles from some of the most prominent figures in the field of competition and we are grateful for their detailed insight. […]

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December, 2019

 

Karanović & Partners holds the Annual Competition and Business Regulation Conference

Karanović & Partners, together with the Friedrich Naumann Foundation for Freedom, held the annual Competition and Business Regulation Conference at the Hilton Belgrade hotel on 4 December 2019. This is the 14th year in a row that such a conference is organized. This year, more than 100 experts from the world of business and the […]

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December, 2019

High Level of Certainty in Serbia

Mergers and Merging on the Serbian B&F Market

This article was written by Senior Partner Darko Jovanović and originally published in Issue 6.9 of the CEE Legal Matters Magazine.                                                                                                                        BNP’s subsidiary Findomestic was only recently sold to local Direktna Banka – which also acquired Serbia’s NKBM subsidiary and the Greek Piraeus Bank. OTP acquired NBG Group’s Vojvodjanska Banka and the local champion […]

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December, 2019

New Promotions Announced

Karanović & Partners Promotes New Partner, Special Advisor and Senior Associate

Karanović & Partners is pleased to announce a new round of promotions. Our litigator Milica Savić has been promoted to Partner*, Sava Drača to Senior Associate*, while Sanja Spasenović will hold a position of Special Advisor*. These talented individuals have proven their expertise and established themselves as key members of our team. This promotion reflects […]

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November, 2019

Key Step towards EURIBOR's Continuity

EMMI Completes the phase-in of all Panel Banks to the EURIBOR Hybrid Methodology

The European Money Markets Institute (EMMI), the administrator of the EURIBOR benchmark, confirmed on 28 November that it has successfully completed the phase-in of all Panel Banks to the EURIBOR hybrid methodology. The phase-in occurred on a gradual basis, so as to minimize operational and technological risks for Panel Banks, EURIBOR users and the benchmark […]

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2020