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 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 […]
Read more 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, […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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. […]
Read more 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 […]
Read more 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. […]
Read more 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, […]
Read more 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. […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more