Getting ready for risk-free rates – IBOR transition in the Western Balkans
Karanovic & Partners attend webinar regarding the IBOR Transition in the Western Balkans
On 10 March 2021, Partner* Maja Jovančević Šetka and Ermina Delić Kamenčić, Partner at Ketler & Partners, member of Karanovic, participated as expert panellists at a webinar hosted by Dentons, focusing on the effects of the IBOR transition and switching to risk free rates in the Western Balkans. Aside from Maja and Ermina, the panel […]
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CEE Legal Matters Experts Review: M&A & Private Equity
COVID-19 Impact on M&A Transactions in Serbia – Crisis as a Stimulus for Change
This Article was originally published in Issue 7.12 of the CEE Legal Matters Magazine. COVID-19 has changed so many things in our lives. Nothing has remained untouched, from social relations to business. Naturally, it has also heavily affected M&A activity in Serbia, just as across the entire SEE region. At the very beginning, uncertainty fell […]
Read more Digitalisation of the Serbian Healthcare System
Will fully digitalised medical records become the reality in Serbia in 2021?
The Government of the Republic of Serbia has formed the Coordination Body for Digitalisation of the Healthcare System in mid-January this year (“Coordination Body”). The Coordination Body includes the representatives of the relevant institutions, chambers, and business associations. The patients’ associations, their alliances and civil society organisations involved in the protection of the patients’ rights, […]
Read more Another Global Recognition of our lawyers
Who’s Who Legal Recognised Miloš Vučković from Karanovic & Partners as the Energy Leader from Serbia
We are proud to announce that our Senior Partner, Miloš Vučković was recognised in 2021’s edition of Who’s Who Legal: Energy, as the leading Serbian energy lawyer. Our Senior Partner was named among other world leading energy lawyers. Our colleagues continue to maintain their high quality of work as their expertise has already been recognised […]
Read more Major acquisition in the IT sector
Endava acquires Croatian Digital Agency Five
UK-based software development company Endava has acquired Five, a Croatian Digital Agency providing services in the domain of product strategy, design, and growth marketing. Our colleagues from Ilej & Partners in cooperation with Karanovic & Partners were local legal advisors of Endava, along with Akin Gump Strauss Hauer & Feld LLP serving as lead advisors. […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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 […]
Read more 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, […]
Read more 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 […]
Read more 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 […]
Read more 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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