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 […]
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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 […]
Read more EU's Rules on Combating Money Laundering and Financing of Terrorism
EU Intends to Create a new AML Authority and Extend AML Rules to the Entire Crypto Sector
On 20 July 2021, the European Commission presented an ambitious package of legislative proposals to strengthen the EU’s rules on combating money laundering and financing of terrorism (AML/CFT). The package also includes a proposal for the creation of a new EU authority to fight AML/CFT, tasked also with overseeing the transactions with cryptocurrencies. The aim is […]
Read more Closing of Kupari Resort Project
Acquisition Of Joint Venture Company in Dubrovnik
The Board of Directors of Hotel Properties Limited (“HPL” and together with its subsidiaries, the “HPL Group”) announced that HPL (Croatia) Limited (“HPL Croatia”), a wholly-owned sub-subsidiary of HPL, has entered into an Agreement for Sale and Purchase with Avenue Investments & Asset Management Ltd for the acquisition of one share with a nominal value […]
Read more New Law on Personal Data Protection in North Macedonia
“Additional period” for ensuring Data Protection Compliance in North Macedonia
Data controllers and data processors had until 24 August 2021 to align with the new Law on Personal Data Protection in North Macedonia (“Law”), which introduced the GDPR in the local legislation at the beginning of 2020. Non-compliance with the new obligations for personal data protection can lead to severe penalties, such as fines of […]
Read more Law on Financial Support of Investments has undergone several amendments
North Macedonia: New Amendments to the Law on Financial Support of Investments
In August 2021, the Law on Financial Support of Investments (“Law”) in North Macedonia has undergone several amendments. Changes are focused on easing the conditions for application, affecting the balanced regional development, and speeding up the procedures for payment of the granted funds. These amendments expand the types of financial support granted for technological development […]
Read more The Directive aims to set out the minimum Union standard of protection
The Croatian Act on the Prohibition of Unfair Trading Practices in the Food Supply Chain aligned with EU rules
The amendments of the Act on the Prohibition of Unfair Trading Practices in the Food Supply Chain[1] (the “Amended Act”) shall enter into force on 1 September 2021, with a few exceptions. The main reason for adopting these amendments was transposition of the Directive (EU) 2019/633 of the European Parliament and of the Council of […]
Read more Labor Law amendments concerning the conditions for retirement
North Macedonia: Amendments in the labour legislation
During the summer, the Assembly in North Macedonia adopted relevant amendments to the Labour Law concerning the conditions for retirement. According to the estimations by the proposers of the amendment, around 6000 employees from the public and the private sector already reached 64 years of age by the end of 2020. Namely, with the amendment […]
Read more Macedonian Assembly adopted new amendments
North Macedonia: Latest Amendments to the Law on Citizenship
The Macedonian Assembly recently adopted new amendments to the Law on Citizenship (1992) with the goal to resolve the statelessness issue in the country that has not been addressed since the country’s independence. The amendments temporary introduce an extraordinary legal basis to acquire citizenship of North Macedonia by virtue of law for citizens of another […]
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