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Newsroom

March, 2021

Karanovic & Partners advised Fortaco Group

Finland’s Fortaco acquires Serbian marine industry supplier Rapp Zastava

Fortaco Group has acquired Rapp Zastava, a Serbian company providing winches and other solutions to the marine industry, which employs 150 people and has a modern factory, located in Gruža. Karanovic & Partners team led by Partner Ivan Nonković and Senior Associate Marko Ćulafić, have worked in cooperation with Advokatfirmaet Selmer for Fortaco, on the […]

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March, 2021

Karanovic & Partners Update

Karanovic & Partners marks the first 25 years

So far, Karanovic & Partners has become a leading regional legal practice in Southeast Europe with more than 100 attorneys at law cooperating in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro and North Macedonia, all working together as one team. Karanovic & Partners is known for being a reliable partner in complex legal matters, for […]

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February, 2021

Competition Update: Serbia

The Competition Commission Expands Price Investigation in Consumer Electronics to Retailers

Back in September 2020, the Serbian Commission for Protection of Competition (the “Commission”), following an internal review of the market dynamics and dawn raids at key players, initiated a formal investigation against three major undertakings active in both wholesale and retail of consumer electronics – Roaming Electronics d.o.o., Tehnomanija d.o.o. and Comtrade Distribution d.o.o. The […]

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February, 2021

Acquisition in the Energy sector

Karanovic & Partners advises Adriatic Metals in acquisition of Ras Metals

Karanovic & Partners advised precious and base metals explorer Adriatic Metals regarding the acquisition of 90% of the shares in the company Ras Metals, which holds exploration licences over former silver-zinc-lead mines Kiževak and Sastavci. Adriatic Metals had already indirectly held a 10% share in Ras Metals through its subsidiary Tethyan Resource Corp. The Karanovic […]

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February, 2021

Covid-19 Update: Serbia

Serbia Adopts a Brand-New Package of Economic Measures

On 11 February 2021, the Government of Serbia adopted a new Regulation, which established a Program on Direct Aid to Private Sector Entities to Mitigate the Economic Impact of COVID-19 (“Regulation”). Similar to benefits that were available in 2020, the Regulation provides direct payments to private sector companies.   Who can use the benefits? Benefits provided by […]

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February, 2021

Chambers Global Guide 2021

Karanovic & Partners Ranks as Leading Law Firm in Chambers Global Guide 2021

We are happy to announce that we have been top-ranked once again in the latest Chambers Global leading law firm listing. This year’s 2021 Chambers Global Guide highlights yet again the Corporate & Commercial Group within the Karanovic & Partners legal practices and its lawyers, being top-ranked across the region in Serbia, Bosnia and Herzegovina, Montenegro, Slovenia […]

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February, 2021

Karanovic & Partners traditionally hosts Mootis

Karanovic & Partners supports The Belgrade Pre-Moot

Even though the pandemic is making many things tough, Mootis are not the ones that are going to sit around and wait for it to be over. They are working hard online on the preparation for the 28th Vis Moot Court.  Today we had the great pleasure hosting law students from the Belgrade University and […]

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February, 2021

Draft Law on Renewable Energy Sources

Greener days are coming

Public debate regarding the draft Law on Renewable Energy Sources (the Law) ended on 9 February 2021. The next stages include finalisation of the draft, issuance of the official proposal by the Government and adoption of the Law in the National Assembly. The Law offers two incentives schemes: the long-awaited system of premiums; and the […]

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February, 2021

Employment update

COVID-19: Guide for International Employers is now available

COVID-19: The ‘How and where to work’ guide has been published by Ius Laboris. Karanovic & Partners contributed to this Guide for International Employers that cover 37 countries. The Guide refers to topics such as whether you can mandate testing for coronavirus or require vaccination, how to handle a refusal or inability for someone to […]

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February, 2021

Tax news: Serbia

Ratified Double Tax Treaty between Hong Kong and Serbia

The double Tax Treaty between Serbia and Hong Kong, signed in August 2020, will come into force by mid-February after it was ratified by the Serbian Government on 3 February 2021 (“DTT”). DTT aims to attract potential investors and deepen the economic relations between the countries by providing grounds for the elimination of double taxation […]

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February, 2021

COVID-19 Slovenia Update

Eight Anti-Corona Act – Measures Related To Employment Relationships

On 3 February 2021, the Slovenian National Assembly adopted the Eighth Anti-Corona Act[1], which will enter into force the next day after its publication in the Official Gazette of the Republic of Slovenia. The Eighth Anti-Corona Act provides for the following measures relevant for employment relationships: Partial reimbursement of salary compensations The measure of partial […]

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February, 2021

Amendments of the Law on Mining and Geological Explorations

Mining and Acquired Rights – Much Ado About Nothing (hopefully)

The current draft of the amendments of the Law on Mining and Geological Explorations (the Draft Law) has raised dust with the changes in the manner for awarding exploitation rights for strategic mineral resources. The published version of the Draft Law foresees that in the future, the exploitation of strategic mineral resources, such as coal, copper, […]

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February, 2021

North Macedonia Update

Establishing the Registry of Ultimate Beneficial Owners in North Macedonia

On 27 January 2021, the Central Registry of North Macedonia officially launched the long awaited Registry of Ultimate Beneficial Owners (“UBO Registry”). Entities incorporated in North Macedonia now have an obligation to register their UBOs in the UBO Registry within the following three months, cost – free. After the expiration of this period provided to […]

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January, 2021

Karanovic & Partners advised DPE

DPE acquires majority stake in ballistic defense provider Mehler Vario System

DPE Deutsche Private Equity (DPE) has acquired a majority stake in M-Sicherheitsbeteiligungen GmbH (Mehler Vario System) from investment holding Armira. Karanovic & Partners team led by Partner Ivan Nonković as well as Associate Marko Ćulafić, have worked in cooperation with Clifford Chance for DPE, on the local aspects of the transaction. Mehler Vario System is […]

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January, 2021

Serbia marks the 40th anniversary of the Data Protection Convention

Data Protection Commissionaire Publishes a Q&A Overview of its Practice

The Serbian Data Protection Commissionaire hosted an event on 28 January, marking the 40th anniversary of the day when the Council of Europe’s data protection convention, known as “Convention 108”, was opened for signature. Due to COVID-19 restrictions, the event was organised in the form of a webinar, and only the speakers and a handful […]

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January, 2021

Pontes, Karanovic & Partners and enervis publishing a market intelligence guide

Renewable Energy Investment Guide to be published soon

Net Zero 500 scenarios are being examined by The EU Commission and leading experts in year 2020, and it has been concluded that a combination of energy efficiency measures and sector coupling with intermittent renewable energy generation as the major energy source is the most effective. In the meantime, many governments in CEE/SEE countries are […]

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January, 2021

2nd Belgrade ICC Construction and Arbitration Conference

Karanovic & Partners at 2nd Belgrade ICC Construction and Arbitration Conference

2nd Belgrade ICC Construction and Arbitration Conference was organized virtually in Belgrade by the ICC International Court of Arbitration with the support of ICC Serbia, Serbian Arbitration Association and law firms Karanovic & Partners and Pinsent Masons. The event, spearheaded by Senior Partner Milan Lazić, Partner Milica Savić and counsel Ana Luković, was held online […]

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January, 2021

Updated regulation for cross-border loans

Amendments to NBS Decisions on Cross-Border Loans

On 15 January 2021, the National Bank of Serbia adopted amendments to two of its decisions related to cross-border loans: Decision on the Terms and Conditions of Using Foreign Financial Credits for Purposes Set out in Article 21, Paragraph 2 of the Law on Foreign Exchange Operations; and Decision on Conditions and Manner in Which […]

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January, 2021

Tax news: Serbia

Updates to the Serbian Tax Legislation

At one of the last sessions, the Serbian Parliament adopted amendments to the tax laws governing the taxation of companies and natural persons, as well as general tax procedures. The main driver for the reform was the introduction of the taxation regime for digital assets and open-end and alternative investment funds. Also, as part of […]

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January, 2021

Major acquisition in the Energy sector

Closing of the Largest Cross Border Acquisition in the Croatian Biomass Sector

In the very last days of 2020, our colleagues from Ilej & Partners in cooperation with Karanovic & Partners closed the largest cross border investment into the Croatian biomass sector until today. The client, Pearl Infrastructure Capital, a French investment fund specialized in investments into the renewable energy sector, acquired Energy 9, a Croatian group […]

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2021