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March, 2024

k/andidates: New Generation Invitation

Spring Call for k/andidates Now Open

The spring edition of our k/andidates program is open and ready to accept the next generation of legal trainees to join our practice. The k/andidates program offers a unique training experience, propelling ambitious law graduates towards success. It’s crafted to provide access to comprehensive training led by both internal and external experts. Transitioning from theoretical […]

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March, 2024

Belgrade Arbitration Gathering

XIV Belgrade Arbitration Conference Sets Stage for XVI Belgrade Open Pre-Moot

On Friday 15 March, the XIV Belgrade Arbitration Conference took place at the Faculty of Law, University of Belgrade. The event, this year held in memory of Prof. Gašo Knežević, is a traditional precursor to the XVI Belgrade Open Pre-Moot. The conference provided a platform for insightful discussions and exchange of ideas among experts in […]

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March, 2024

Arbitration Event

Empowering Legal Talents: Recap of the Belgrade Open Pre-Moot

As the anticipation grows for the 31st Willem C. Vis International Commercial Arbitration Moot, Belgrade recently played host to a number of activities aimed at young legal talents. The XVI Belgrade Open Pre-Moot unfolded successfully over the weekend. Hosted traditionally by the University of Belgrade, Faculty of Law, this Pre-Moot served as a platform for […]

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March, 2024

Chamber of Commerce Event

Advancing Female Entrepreneurship: Tackling Tax Challenges Together

On 12 March, the Women’s Entrepreneurship Section, organised by the Chamber of Commerce and Industry of Serbia, held a workshop focused on tax challenges and opportunities, hosted by Karanovic & Partners. Milan Čukić, State Secretary of the Ministry of Economy, highlighted the importance of supporting female entrepreneurs in his opening speech, setting a tone of […]

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March, 2024

Europe’s Latest Competition News

Apple Faces a Staggering Fine of Over EUR 1,8 Billion for Dominance Abuse

The European Commission (“Commission”) has imposed a hefty fine of over EUR 1.8 billion on Apple for violating EU antitrust rules. The Commission found that Apple abused its dominant position in the market for distribution of music streaming apps to iPhone and iPad users via its App Store. The abuse primarily stems from Apple’s imposition […]

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March, 2024

Chambers and Partners Europe Rankings Update

Karanovic & Partners Ranked Among Top-Tier Law Firms in the Chambers Europe Guide for 2024

We are proud to announce that Karanovic & Partners is once again listed as a top-ranked legal practice in the Chambers Europe Guide ranking for 2024. Karanovic & Partners legal practices and its cooperating lawyers from Serbia and North Macedonia have been ranked as Band 1, Bosnia and Herzegovina and Montenegro have been ranked as […]

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March, 2024

Competition News in Serbia

The Biggest Coffee Producers in Serbia Face EUR 2 Million in Antitrust Fines and Are Granted Conditional Approval for their Merger

Last week, the Serbian Commission for Protection of Competition (“Commission”) released two decisions involving the two biggest producers and wholesalers of ground coffee in Serbia – Atlantic Group (“Atlantic”) and Strauss Adriatic (“Strauss”). One decision marked the end of the Commission’s antitrust investigation imposing penalties on Atlantic and Strauss, issued on December 29, 2023 (“Antitrust […]

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March, 2024

SeeNext Regional Report

Renewable Energy in Southeast Europe: 2024 Edition Report

The report is available for downloading here.   SeeNext, a business intelligence and news provider, has recently released the 2024 edition of the report titled “Renewable Energy Industry in Southeast Europe: The Next Challenge.” This comprehensive report delves into the advancements made by Bulgaria, Croatia, Greece, Romania, Serbia, and Slovenia in terms of integrating energy […]

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March, 2024

Montenegro Update

Montenegro’s Gambling Task Force: Safeguarding Public Interests and Enhancing Oversight

Following recent amendments to the Law on Gambling, the Government of Montenegro took another significant step on 22 February 2024, by creating the Coordination Task Force for Protecting and Enhancing Public Interest in Organizing Gambling Activities (“Gambling Task Force”). Spearheaded by Mr. Momo Koprivica, the Deputy Prime Minister of Montenegro and President of the Gambling […]

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March, 2024

Tax News: Serbia

Annual Average Salary for 2023 is Published

The Statistical Office of the Republic of Serbia has released the 2023 annual average salary per employee, which amounts to RSD 1,423,188 (approx. EUR 12,160). Individuals earning more than three times the average annual salary, i.e., RSD 4,269,564 (approx. EUR 36,480) are subject to the annual personal income tax (Annual Tax). The Annual Tax rate […]

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February, 2024

AI Models and Copyright Lawsuit

The New York Times sues OpenAI and Microsoft for Copyright Infringement in AI Models Development

Artificial intelligence (“AI”) has been present in our lives for a while now, but it became a buzzword when OpenAI introduced ChatGPT to the public. Therefore, the lawsuit against OpenAI and the datasets used by ChatGPT deserve more attention than other similar cases. The New York Times Company (“The Times”) has initiated legal proceedings against […]

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February, 2024

Legislation Update: Albania

New Draft Law on Competition: Exploring Key Amendments

Competition law reform in Albania is underway, marked by several important changes to Law no. 9121, dated 28.07.2003, “On Protection of Competition” (“Competition Law”). Within the context of harmonizing with the EU acquis, last November, the Albanian Competition Authority (“ACA”) launched a public consultation phase for the proposed amendments to the Competition Law (“Draft Law”). […]

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February, 2024

Banking & Finance Update

GGF Provides a New EUR 50 Million Loan to UniCredit Bank Serbia for Supporting Renewable Energy Projects

We are pleased to announce that Karanovic & Partners supported the Green for Growth Fund (GGF) in the new strategic loan to UniCredit Bank Serbia. The EUR 50 million facility will be used to finance utility-scale renewable energy projects in Serbia with a focus on solar and wind. GGF stated that this initiative marks a […]

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February, 2024

Arbitration event with VIAC and CMS

Arbitration Matinée for Legal Experts Held in Belgrade

Karanović & Partners hosted another successful event for legal professionals interested in arbitration and dispute resolution. Arbitration Matinée, aimed at in-house legal counsels, executives, and other legal professionals, was held on 22 February in Belgrade and was attended by more than 60 participants who had a unique chance to gain direct insight into the arbitration […]

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February, 2024

Karanovic Partners and ELG joint success

Energy Law Group Ranked as Band 1 Network by Chambers Global 2024

Energy Law Group is ranked as Band 1 legal network in Projects & Energy Europe-wide by Chambers Global 2024. Karanovic & Partners legal practice is active participant of ELG for years, covering seven jurisdictions with its cooperating law offices.    Energy Law Group (ELG) is the most extensive network of legal experts in energy, mining and […]

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February, 2024

Legislation Update: Albania

Amendments to Law on Strategic Investments: Deadline for Applications Extended until December 2027

The Law no. 55/2015 “For strategic investments in the Republic of Albania”, determines the procedures and rules applied by state bodies for the examination, approval, and support by the Albanian government of strategic investments in Albania, both domestic and foreign. The deadline for obtaining ‘Strategic Investment’ status, after being postponed several times, expired on 31 […]

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February, 2024

Chambers and Partners Global Rankings Update

Karanovic & Partners Ranked Among Top-Tier Law Firms in the Chambers Global Guide for 2024

We are proud to announce that Karanovic & Partners is once again listed as a top-ranked legal practice in the latest Chambers Global Guide ranking. Karanovic & Partners legal practices and its cooperating lawyers from Serbia and North Macedonia have been ranked as Band 1, Bosnia and Herzegovina and Montenegro have been ranked as Band […]

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February, 2024

Legislation Update: North Macedonia

News from North Macedonia: President decided against signing the Proclamation on the Amendments of the Law on Games of Chance

On 13 February 2024, the President of North Macedonia (“President”) announced that he decided against signing the Proclamation for the Promulgation of the Law on Amending and Supplementing the Law on Games of Chance and Entertainment Games (“Proclamation”), which the Assembly of North Macedonia (“Assembly”) adopted at the session held on 7 February 2024. The […]

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February, 2024

k/ AI issue

AI, Big Data and Privacy: (Fr)enemies?

Once considered a dystopian concept, artificial intelligence and big data swiftly settled down in everyday lives of many. As all great technological developments always come hand in hand with significant legislative changes, or at least attempts thereof, this case is no exception. Innovation typically tends to collide with concerns, leading to intense talks and negotiations […]

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February, 2024

Navigating FX Reportings in Serbia

Reporting on FX Operations in Serbia: Common Mistakes Leading to Misdemeanour Liability

Under the Serbian Law on Foreign Exchange Operations and its accompanying bylaws, Serbian residents have various reporting obligations towards the National Bank of Serbia (“NBS”), which is competent for controlling foreign exchange (“FX”) operations of residents and non-residents. It is not rare in practice that companies operating in Serbia are not aware of (all) such […]

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2024