Serbia Update
The High Price of Data Breaches: Counting the Real Costs
When calculating the cost of running a business, companies typically tend to analyze factors such as labor cost, operating expenses, marketing and advertising, inventory, insurance, and taxes. Only, what happens when unexpected costs occur, such as a security data breach exposing the customers’ personal data to unauthorized parties? And is it still reasonable to consider […]
Read more
Banking & Finance Event
Karanović & Partners at the Technological Revolution and Banking Law Conference
The regular annual legal conference organized by the Association of Serbian Banks took place on 15 and 16 March in Zlatibor, Serbia under the title the “Technological Revolution and Banking Law Conference”. The conference tackled multiple current topics, from digital assets, electronic registries, and the impact of new technologies on the financial industry to renewable […]
Read more Chambers & Partners Global Rankings Update
Karanovic & Partners Ranked Among Top-Tier Law Firms in the Chambers Europe Guide for 2023
Karanovic & Partners is pleased to announce that we have, once again, been listed among the leading law firms in Europe in the latest edition of Chambers Europe 2023. In the newest edition of the Chambers guide, seven practice areas within the Karanovic & Partners legal practice – Banking & Finance, Competition/Antitrust, Corporate/Commercial, Dispute Resolution, […]
Read more Towards a Proactive Approach to Energy
Petar Mitrović for Be Risk Protected on the Importance of Proactivity in the Energy Sector
Our Partner Petar Mitrović wrote an article for the annual publication “The Power of Sustainable Business – New Standards in Business, Serbia and World Trends, the Role of the Financial Sector”, published on the Serbian-speaking platform Be Risk Protected, dedicated to the business risks of the new age. The following article is available in the […]
Read more Bosnia and Herzegovina Update
2023 Amendments to the Company Law in Republika Srpska
The Parliament of Republika Srpska adopted the amendments of the Company Law of Republika Srpska which entered into force on 2 March 2023. This is the sixth time that the Company Law has undergone changes since it was enacted, whereas the recent amendments brought significant novelties, rather than cosmetic ones. Below are presented the major […]
Read more North Macedonia Update
North Macedonia Secured Funding for the Revitalization of Six Hydro Power Plants
The Government of the Republic of North Macedonia has secured EUR 36.2 million for a new investment in the energy sector that will extend the life of six large hydro power plants, increase their installed power, and increase domestic electricity production. The funds are obtained from a EUR 25 million loan from the KfV Development […]
Read more Intellectual Property Workshop
Karanović & Partners on Intellectual Property at the Faculty of Applied Arts in Belgrade
On 1 and 2 March, our Senior Associate Nikola Kliska held a lecture and a workshop on intellectual property, hosted by the Faculty of Applied Arts at the University of Arts in Belgrade. The aim of the lecture was to introduce art students to the general concepts of intellectual property, with a special emphasis on […]
Read more The Trending Topic of ESOP
Karanović & Partners Hosts a Workshop on Employee Share Ownership Plan in Practice
On 2 March 2023, Karanović & Partners, together with Digital Serbia Initiative (DSI) and Vega IT, held a workshop on “Employee Share Ownership Plan in Practice”. The speakers were Igor Radovanović, our Senior Associate, Ivana Kappenmann, CFO at Vega IT, and Snežana Đaković, legal officer at Vega IT. The workshop was attended by experts from […]
Read more North Macedonia Update
Open Call For Granting Financial Support For Launching New Routes From North Macedonia to Airports in the ECAA/EU
The Ministry of Transport and Communications of North Macedonia (“Ministry”) published an open call for submission of applications for financial support to domestic and foreign air carriers for launching new routes to airports in the ECAA/EU. The provider of the financial support is the Government of North Macedonia, through the Ministry. The financial support will […]
Read more Chambers & Partners Global Rankings Update
Karanovic & Partners Ranked Among Top-Tier Law Firms in the Chambers Global Guide for 2023
We are pleased to announce that Karanovic & Partners has once again achieved top rankings in the latest Chambers Global leading law firm ranking. The Chambers Global Guide for this year recognises once again the legal practices of Karanovic & Partners and its lawyers, who have been top-ranked in Serbia, Bosnia and Herzegovina, Croatia, Montenegro, […]
Read more North Macedonia Update
Contract Notice for Construction Supervision Services – Gas Interconnection Pipeline between North Macedonia and Greece
The natural gas transmission operator in North Macedonia – NOMAGAS JSC Skopje – published a contract notice in an open procurement procedure for services involving contract administration and supervision of works. The services are related to the construction of a section located in North Macedonia of the gas interconnection pipeline between North Macedonia and Greece. […]
Read more Serbia Update
Serbian Business Registers Agency Introduces Electronic Registration with the Registry of Bidders
An administrative novelty comes early this year from the Serbian Business Registers Agency (“SBRA”) by introducing electronic registration with the Registry of Bidders. Frequent participants in the public procurement procedures already know well of this Registry and the perks of its membership. Generally, public procurement in Serbia is a rather formal procedure, highly demanding on […]
Read more North Macedonia Update
North Macedonia – Design, Construction, and Management of Photovoltaics in Technological Industrial Development Zones
The Directorate for Technological Industrial Development Zones of North Macedonia adopted a decision to initiate a procedure for awarding a public-private partnership contract (“PPP Contract”) for the design, construction, financing, management, and transfer of photovoltaic power plants in several technological industrial development zones (“TIDZ”) in North Macedonia.* 60.60 hectares of land in total, separated into […]
Read more Energy Transition in Serbia
Karanović & Partners Advises Axpo on the First-Ever Market Terms Renewables Power Purchase Agreement in Serbia
Axpo Group has signed a long-term power purchase agreement (PPA) for renewable energy, the very first one concluded on market terms for the offtake of electric energy produced from renewables in Serbia. The deal has been signed with IVICOM Energy doo Žagubica, a renewable energy project co-owned by Serbia’s MK Group and Slovenia’s ALFI Green […]
Read more Serbia: Un(b)locking the Wind Auctions
Petar Mitrović for CEENERGYNEWS on Proposed Amendments to the Law on Renewables
The article was written by our Partner Petar Mitrović and was first published in CEENERGYNEWS, the English-speaking news portal dedicated to the energy industry in Central and Eastern Europe. The Ministry of Mining and Energy of the Republic of Serbia published the much-awaited draft of the amendments to the Law on Use of Renewables […]
Read more Closing of the Acquisition in Croatia
MYTY Group Acquires 404 Group, One of The Leading Digital Marketing Agencies in Croatia
MYTY Group has acquired 404 Group, consisting of four targets in Croatia (404 d.o.o., Shape 404 d.o.o., SevenofNine (Flow) d.o.o. and Rijetka biljka d.o.o.). MYTY Group is a full-service agency network that combines the analogue and digital worlds, bringing together technology and marketing. 404 Group, from Zagreb, Croatia, is one of the leading independent marketing […]
Read more Ljubljana Seminar
Consumer Protection and Personal Data Protection Seminar in Ljubljana
On Thursday, 26 January 2023, our colleagues from Ketler & Partners, member of Karanovic, organised a seminar for our clients and partners, on the novel obligations brought onto businesses by the new Slovenian Consumer Protection Act and Personal Data Protection Act, which became applicable the very same day.. Kevin Rihtar, Senior Associate at Ketler & […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more