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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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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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, […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more Bosnia and Herzegovina: Legislation changes
Federation of Bosnia and Herzegovina banns the development of small hydro power plants with installed capacity under 10 MW
The House of Peoples of the Parliament of Federation of Bosnia and Herzegovina has adopted the amendments of the Law on Electricity (the “Law”) which prohibits the development of small hydropower plants with installed capacity under 10 MW. The adoption of the amendments of the Law by the House of Peoples, made the ban official […]
Read more Tax News: Serbia
Legislation changes regarding Newly Settled Individuals in the Republic of Serbia
On 16 June 2022, the Government of the Republic of Serbia adopted a Decree on the Criteria for Granting Incentives to the Employers who employ Newly Settled Individuals in the Republic of Serbia (“Decree”). The Decree was published in the Official Gazette of the RS no. 67/22 and entered into force on 18 June 2022. […]
Read more Public Procurement Update: Serbia
How to spot rigged bidding: Serbian Commission for Protection of Competition enacts new guidelines
The Serbian Competition Commission published new Instructions for Detecting Bid Rigging in Public Procurement, a practical guide to understanding the methods generally used to unlawfully allocate contracts in public procurements. The Instructions were modelled after the OECD Guidelines for Fighting Bid Rigging in Public Procurement (available here), once again speaking loudly in favour of Serbian […]
Read more North Macedonia: Planning a gas pipeline connection with Greece
North Macedonia to Diversify its Gas Supply
Considering the ongoing energy crisis in Europe, North Macedonia is looking to diversify its natural gas supply. So far, North Macedonia imported only Russian natural gas through Bulgaria and Turkey, via a pipeline at Deve Bair. The Government of North Macedonia (“Government”) is planning a gas pipeline connection with Greece, as well as investments in […]
Read more Transition to renewable energy sources and improvement of energy networks
Karanovic & Partners at Energy in the Balkans Conference
Our Partner Petar Mitrović took part at the conference “Energy in the Balkans: Transition to renewable energy sources and improvement of energy networks”. Petar moderated panel discussion “The price of electricity and auction system”. The other participating panellists were Neda Lazendić, director at WV-International Serbia, Dejan Popović, president of the Council of Energy Agency of […]
Read more North Macedonia: Enabling future investments in start-ups
Amendments to the Company Law (2004) to Provide Opportunities for Start-up Companies in North Macedonia
In April 2022, the Assembly of the Republic of North Macedonia adopted amendments to the Company Law (“Law”) which will open new opportunities for business angels to invest in start-up companies. The main purpose of the amendments is to encourage innovation and development in the start-up ecosystem of North Macedonia. One of the key amendments […]
Read more Digitalization of payments in North Macedonia
Important Development in the Payment Services Legislation in North Macedonia
In April 2022, the Parliament of North Macedonia adopted the Law on Payment Services and Payment Systems (“Law”), which is greatly harmonized with European Union directives (e.g. Directives (EU) 2015/2366, 2009/110/EC, 98/26/EC, 2014/92/EU) and regulations (e.g. Regulations (EU) 2015/751 and 260/2012). The application of the Law will begin from 1 January 2023, while legal entities […]
Read more The most prominent women lawyers announced
Our Partner Maja Jovančević Šetka is one of the IFLR1000 Women Leaders of 2022
Karanovic & Partners is proud to announce that our colleague, Partner Maja Jovančević Šetka, has been named in the IFLR1000 Women Leaders of 2022. IFLR1000 Women Leaders places a spotlight on the most prominent female lawyers, and represents an elite group of lawyers with outstanding reputations within their markets who have expertise and experience of […]
Read more Legal 500 Rankings for 2022
Karanovic & Partners Recognized as a Top Tier Law Firm by Legal 500 in 2022
Karanovic & Partners is, once again, proud to announce that we have been listed among the leading law firms in the Legal 500 Europe, Middle East and Africa 2022 edition. We have reaffirmed our top-tier ranking in 10 practice areas across the region, and our lawyers have been individually recognised by the UK-based leading legal […]
Read more DOTY Awards 2022
Karanovic & Partners Won the Deal of the Year Award
We are pleased to announce that Karanovic & Partners in cooperation with local lawyers won the Deal of the Year award for North Macedonia, for our role in Interenergo’s and Trigal’s Acquisition of a 30 MW Wind Farm deal. This is the second year in a row that Karanovic & Partners in cooperation with local […]
Read more Karanovic & Partners at Game Funding Bootcamp
Legal aspects of attracting investments for your start-up
The Serbian Games Association („SGA“) is currently holding its Game Funding Bootcamp („GFB“) – an initiative aimed at presenting different ways of how to access funding , connect teams with relevant experts and gain valuable insights for gaming projects, and Karanovic & Partners shared their experience to help tackle these complex topics. Our colleagues, Ivan […]
Read more Karanovic & Partners traditionally welcomes the Mooties
Karanovic & Partners supports XIV Belgrade Open Pre-moot
It was a busy weekend as we hosted participants from all over the world for the XIV Belgrade Open pre-moot, in preparation for the 29th Vis Moot in Vienna. After the Belgrade Arbitration Conference on Friday, the teams had the opportunity to fine tune their arguments and pleading tactics before the international arbitration practitioners and […]
Read more Belgrade Arbitration Conference 2022
Karanovic & Partners at the XII Belgrade Arbitration Conference
It has been over two years, but we are finally able to reconnect with our colleagues in person and we continue to support the XII Belgrade Arbitration Conference, organised by the University of Belgrade, Faculty of Law. Milan Lazić, Senior Partner and Head of the Dispute and Resolution team, chaired the first panel at the […]
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