Banking & Finance Update
Karanovic & Partners Advised BIG Shopping Centers on Israeli Stock Exchange Transaction
BIG Shopping Centers Ltd, the controlling shareholder (approx. 95 pct) of BIG CEE, has successfully raised 205 mln new Israeli shekels (approx. 55 mln euros) by issuing secured bonds on the Israeli stock exchange by refinancing the BIG Fashion Kragujevac, BIG Krusevac and BIG Fashion Outlet Indjija shopping centres in Serbia. BIG Group intends to […]
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Update: Serbia
Karanovic & Partners Advised ElevenEs on Partnering with EIT InnoEnergy to build Battery Gigafactory in Serbia
ElevenEs and EIT InnoEnergy have announced a strategic partnership to build Europe’s first large LFP battery plant in Subotica. The team led by Marjan Poljak, Senior Partner, and Igor Radovanović, Senior Associate, advised ElevenEs on this cooperation from the beginning. ElevenEs has signed agreements with EIT InnoEnergy, which Pitchbook ranks as the most active sustainable […]
Read more Women’s Leadership Summit 2021
Karanovic & Partners attend Women’s Leadership Summit 2021
Karanovic & Partners took part at the hybrid event Women’s Leadership Summit, organised by AFA, held on October 20 – 21. At the “Women at Workplace” panel, our Senior Partner Rastko Petaković discussed the importance of male engagement in advancing women at the workplace and achieving gender parity, along with Stefan Salom, Co-Founder and Director […]
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Karanović & Partners Official Partner of Delta Holding “DBI”
For the fourth year in a row, Delta Holding organised the Delta Business Incubator, a company program to support start-ups, and we are proud to say that this year, we were partners of the program, along with several reputable global and regional companies and angel investors. This year, 36 teams applied for the incubation and […]
Read more Tax News: Serbia
Amendments to the Law on Fiscalisation, Law on Tax Procedure and Tax Administration and Transfer Pricing Rulebook were adopted
The Law on Fiscalization Under amendments fiscal obligors are provided with the transition period for harmonization of their operations with the new Law on Fiscalization. Transition period for commercial entities to start with application of Law on Fiscalisation will start on 1 November 2021 and it will end on 30 April 2022. Additionally, amendments stipulate […]
Read more Update: Slovenia
Investments: Elimination of two-stage decision making in the field of environmental protection and nature conservation
Adopted organizational changes Based on changes of the Decree on bodies within ministries, the competence to perform administrative tasks in the field of environmental protection and professional and administrative tasks in the field of nature conservation, except for administrative and professional tasks related to responsibility for prevention or remediation of environmental damage, have been transferred […]
Read more Corporate Update: Serbia
Karanović & Partners Legally Advised Innovation Fund on Start-Up Accelerator – Katapult
The Innovation Fund, with the support of The World Bank, launched Katapult – a start-up accelerator. Our Partner, Ivan Nonković, and Senior Associate Igor Radovanović were legal advisors to the Innovation Fund during the process and will be ongoing legal advisors. Katapult accelerator will be a new support mechanism for all Serbian start-ups. It will […]
Read more Workshops 2021
Karanović & Partners took part in Annual CEE Finance and Capital Markets Workshops
Karanović & Partners took part in annual CEE Finance and Capital Markets Workshops organised by Freshfields Bruckhaus Deringer. The event was placed virtually from Monday, 11 October to Thursday, 14 October 2021 with speakers on sustainable financing being our Partners, Maja Jovančević, Katarina Gudurić and Petar Mitrović. This year’s workshop focused on Sustainable Transformation in […]
Read more Legislation Update: Serbia
New Amendments to the Law on Prevention of Corruption
The Law on Prevention of Corruption (the “Law”), the key piece of Serbian anti-corruption legislation that started to apply in September 2020, recently received a short set of amendments. Most of the amendments are primarily aimed at correcting the flaws noticed so far in the wording of certain important provisions, and will therefore not largely […]
Read more Global HR Trends Summit in Belgrade
Karanović & Partners Official HR Law Partner of Global HR Trends Summit Belgrade 6
Karanović & Partners is an official HR Law Partner of the Global HR Trends Summit in Belgrade, organized by P World on October 7, 2021, at Metropol Palace Hotel Belgrade. Our Partner, Milena Jakšić Papac, will share her view on how is the New Normal challenging the labour framework & what to do about it. […]
Read more Draft Law on Narcotic Drugs and Psychotropic Substances
North Macedonia: Proposed novelties in the legislation related to cannabis for medical purposes
In recent years, the cultivation of cannabis for medical purposes has been a “hot” topic in North Macedonia. In 2016, the country regulated the procedure for the cultivation and production of hemp and hemp extracts. Since then, in line with publicly available information, over 60 approvals for the cultivation of cannabis for medical purposes have […]
Read more Berry Business Forum in October
Karanović & Partners to Moderate a Panel at the Berry Business Forum
Karanović & Partners will take part in the Berry Business Forum organised by Agro Belgrade on October 6/7. Our Senior Associate and Head of IP, Nikola Kliska, will moderate the panel on Breeders’ rights in correlation with good planting material on October 6 starting at 11.30. Other panellists are representatives of CIOPORA, Ministry of Agriculture, […]
Read more INTA committees for the 2022–2023 term
INTA COMMITTEES
We are proud to announce that this year three of our colleagues have been appointed to the following INTA committees for the 2022–2023 term: Copyright Committee: Nikola Kliska, Senior Associate; INTA Bulletins Committee: Kevin Rihtar, Senior Associate from Ketler & Partners, a member of Karanovic; and Young Practitioners Committee: Tamara Traparić, Junior Associate. INTA is […]
Read more The Parliament of the Federation of BiH adopted the amendments of the Company La...
Step forward towards simplification of the company registration procedure in the Federation of BiH – Parliament of Federation of BiH adopted the amendments of the Company Law
The Parliament of Federation of BiH adopted the amendments of the Company Law of Federation of BiH and the amendments have been published and entered into force on 23 September 2021. The amendments of the Law are aimed at achieving the goal set in the Reform Agenda of Federation of BiH related to simplification of […]
Read more Formal Procedure Against Company MAT – Real Estate
Another Gun-Jumping Investigation in Serbia
On 6 September 2021, the Competition Commission (the “Commission”) has initiated a formal procedure against company MAT – Real Estate for potential gun-jumping. The transaction concerned involves the acquisition of company Radijator d.o.o., a distributor of plumbing and heating equipment. The Commission initiated the investigation following the publication in the Serbian Business Registers’ Agency on […]
Read more Karanović & Partners Update
Karanovic & Partners Donated First Silos Murals to This Part of Europe
We are proud to say we donated two murals to Belgrade! And to Europe as well since they will be the first painted silos murals in this part of the world. Both murals are 15 meters tall and 10 meters wide (150m2 total). Painted on the large concrete silos at “Silosi Beograd” a place known […]
Read more Legislation Update: Serbia
New Consumer Protection Law: “Not great, not terrible”
The Serbian Parliament has just enacted a new Consumer Protection Law (the “Law”), which is to become applicable on 20 December 2021, following a three-month transitional period. The key changes focus on ensuring better protection and enforcement of consumer’s rights in practice, by fine-tuning and tightening some of the provisions that already existed under the […]
Read more Acquistion of 74% of shares in Diverto
Acquistion of Diverto by Generali Growth Equity Fund
Generali growth Equity Fund (GGEF), managed by Generali Investments Slovenia, closed the acquisition of 74% of shares in Diverto d.o.o. Diverto, founded in 2007, is a cyber security company based in Zagreb and among the first companies in this region to work with information security. Some of the services they offer are preventing security threats […]
Read more Data Protection Update: EU/Serbia
New EU Standard Contractual Clauses to become mandatory in two weeks
Although it may sound a bit overdramatic to open with, it seems safe to say that GDPR is notorious for its restrictions on transfers of personal data to “third countries” – the ones outside the EEA that are not considered to provide adequate data protection (such as the United States, China, or Serbia). Amongst several […]
Read more First Conference Organised by the Renewable Energy Sources Association of Serbia
Karanović & Partners to Moderate a Panel on RES Conference
Karanović & Partners will take part in the first conference organised by the Renewable Energy Sources Association of Serbia on September 15 in Belgrade. Our Partner, Petar Mitrović, who leads the regional industrial group Energy and Natural Resources, will moderate a banking financial panel. Alongside representatives of EBRD, IFC, Erste Bank, and UniCredit, he will […]
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