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Newsroom

January, 2023

Restructuring of FORI Group

FORI Restructures Its Debt Towards Slovenian Bank Assets Management Company and Obtains Financing to Secure Further Growth

FORI Skupina d.o.o. has successfully completed the restructuring of its debt by obtaining new financing from fund AMC Capital IV Fortuna S.á. r.l. and refinancing debt towards, among others,  Slovenian Bank Assets Management Company (BAMC) – recently merged with Slovenian Sovereign Holding (SSH) –  as well as restructuring of its group by dividing its group […]

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January, 2023

Slovenia Update

The Novelties Brought by the New Personal Data Protection Act

Several years have passed since the General Data Protection Regulation (“GDPR”) has been in force in the EU, regulating personal data protection. Although the GDPR is directly applicable, the act governing the matter of personal data protection must nevertheless be adopted in each member state, as some areas in the GDPR are left to be […]

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January, 2023

Slovenia Update

Substantial Developments of the Slovenian Consumer Protection Legislation

On 26 January 2023, a new Consumer Protection Act (“the Act“) will enter into force, which combines the provisions of the currently applicable Consumer Protection Act and the Act on the Protection of Consumers against Unfair Commercial Practices. The new Act also systematically transposes the content of the three EU Directives in the field of […]

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January, 2023

New Law on Capital Market in Serbia

New Capital Market Law Started to Apply in Serbia

On 6 January 2023, the new Law on Capital Market started to apply in Serbia (except for certain provisions delayed further until the accession of Serbia to the EU). This law is adopted as a part of a comprehensive reform of the capital market legal framework in Serbia and introduces a completely new set of […]

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December, 2022

Karanović & Partners will change the Terms of Business as of 1 February 2023

Karanović & Partners To Implement New Terms Of Business

Karanović & Partners will change the Terms of Business as of 1 February 2023. For all new engagements executed on 1 February and afterwards, these new Terms of Business will apply. The new Terms of Business will be separately provided to each client. In case you need to review any of our previous Terms of Business, […]

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December, 2022

Stanton Chase Talent Management Awards

Karanović & Partners Wins The 2022 Stanton Chase Talent Management Award

Photo Credit: Stanton Chase   We are honoured to announce that Karanović & Partners won the Stanton Chase Talent Management Award for 2022. This prestigious accolade was established in 2014, by Stanton Chase, one of the leading international executive search companies. It is assigned annually for successfully developing and implementing programs for talents, with the […]

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December, 2022

Tax News: Serbia

Arm’s Length Interest Rates for 2022 Published in Serbia

Serbian Minister of Finance issued the Rulebook on interest rates that are considered to be in line with the arm’s length principle for the year 2022 (the Rulebook). The Rulebook enters into force on 24 December 2022. Interest rates are applicable by taxpayers in the calculation of corporate income tax for the FY 2022 to […]

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December, 2022

In-depth Analysis

ESG & Web3 – Synergy of the Next Decade?

Our Senior Partner Rastko Petaković and Miroslav Đurić, Associate at Taylor Wessing, co-authored a publication on two global trends in the last decade: one is related to the environmental, social, and corporate governance principles commonly known as ESG, and blockchain-based concepts of the World Wide Web, known as Web3. Though these two trends haven’t converged […]

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December, 2022

Rethinking Copyright

ChatGPT from the Balkans Copyright Perspective

ChatGPT is a trending topic worldwide now. How does it affect the countries in the Western Balkans from a copyright perspective? For those who have not come across this topic yet – ChatGPT is an artificial intelligence tool available to everyone. For more details, we asked this system itself to explain to us what it […]

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December, 2022

Legislation Update: North Macedonia

New Consumer Protection Law in North Macedonia

The Parliament of North Macedonia adopted a new Consumer Protection Law (“Law”) which entered into force on 15 November 2022. The Law transposes various EU directives related to consumer protection, while clearly defining the obligations that traders have towards consumers. This Law will have a significant impact on the operations of companies providing/offering services/products to […]

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December, 2022

GlobalGlass to Acquire SFS

GlobalGlass Acquires Srpska Fabrika Stakla

Swiss company GlobalGlass AG, an owner of Steklarna Hrastnik, one of the world’s leaders in trading glass products, has acquired the Serbian glass maker Srpska Fabrika Stakla (SFS), located in Paraćin, Serbia. SFS was put on sale in September 2022. As quoted in a Serbian government press release, the Swiss company plans to invest over […]

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December, 2022

Karanović & Partners in Vienna, Austria

Karanović & Partners at Freshfields CEE / SEE Arbitration Workshop and WSG Berlin Club Meeting

On 1 and 2 December 2022 Our Partner Milica Savić and Senior Associate Andrej Jelenković visited Freshfields Bruckhaus Deringer CEE / SEE Arbitration Workshop and World Service Group-Berlin Club Meeting. Both events took place in Vienna, Austria. During sessions at Freshfields SEE Arbitration Workshop, Milica Savić shared recent experiences in our arbitration practice, concerning the […]

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December, 2022

Unlocking the Solar Potential of the Balkans

Karanović & Partners at the First Solarplaza Summit Balkans

Photo Credit: Filip Trpchevski   On 8 December 2022, the very first Solarplaza Summit Balkans took place in Zagreb, Croatia, gathering regional and international developers, experts, investors, utilities, policymakers, asset owners, and manufacturers. The conference was hosted by Solarplaza, the central platform for the global PV industry, organizing events since 2004, with the mission to […]

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December, 2022

Axel Johnson International to Acquire Tinex

Axel Johnson International Announces the Acquisition of Tinex

Axel Johnson International, a global industrial group of 170 companies in 30 countries, announced the acquisition of Tinex, a leading distributor of bearings, mechanical power transmission technology, and sealing solutions in Slovenia. In this way, Axel Johnson International strengthens its position in the Slovenian power transmission market, successfully continuing the geographical expansion of the company. […]

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December, 2022

Duomed Group Expanding into the Balkans

Duomed Group Announces The Acquisition of Mar Medica Ltd.

Duomed Group announced the acquisition of Mar Medica Ltd. Mar Medica Ltd. is a company based in Belgrade, Serbia, specializing in selling, installing, and servicing medical equipment and disposable medical supplies for both state health institutions and private clinics and hospitals, focusing on surgery, anesthesia, and intensive care. The company covers a market of over […]

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December, 2022

Karanović & Partners Update

Karanović & Partners at the Law and Innovations Conference

Our Senior Partner Rastko Petaković and Senior Associate Nikola Kliska took part in Law and Innovations, a new regional conference giving a different perspective to the legal profession. The speakers were legal practitioners and professionals dealing with the latest topics in the field of software protection, biometric data protection, and creating favourable conditions for start-ups. […]

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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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2023