/Newsroom

April, 2019

The Serbian Tax Administration issues annual plan on tax audits

Cross-border Transactions with Related Parties on the Tax Radar in 2019

The Serbian Tax Administration (the “TA”) recently issued the annual plan on tax audits for 2019 (“Plan”), published on the TA’s website. According to the Plan, the focus will be on the following: taxpayers incorporated by non-residents with significant related-party transactions, in particular control of the application of double taxation treaty provisions, taxpayers that conducted […] Read more
April, 2019

Contract management masterclass

Challenges of Contracting under FIDIC in the SEE region

On 04 April 2019, Karanovic & Partners organized a contract management masterclass, titled Changes of Contracting under FIDIC in the SEE region. The event was held at the Karanovic & Partners office premises in Resavska, and was attended by representatives of renowned companies, as well as various professionals from the legal and real estate industries. […] Read more
April, 2019

 

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […] Read more
April, 2019

Crowdfunding conference in Belgrade

The Impact of Alternative Finance on the Startup and MSME Ecosystem

On 11 April 2019, Karanovic & Partners participated at the CrowdTuesday: The Impact of Alternative Finance on the Startup and SME Ecosystem conference, organized by the European Crowdfunding Network AISBL (ECN) and RealMarket in Belgrade. With attendees from the crowdfunding and blockchain industry, as well as the scientific community and regulatory milieu, the conference analysed […] Read more
April, 2019

Shortlisted for the M&A Deal of the Year and the Energy & Resources Deal of the ...

In the Finals for the 2019 ALB China Awards!

Karanovic & Partners is a finalist for the 2019 ALB China Awards in two categories – the M&A Deal of the Year and the Energy & Resources Deal of the Year. Our practice was nominated for these prestigious awards, organized by Asian Legal Business – a leading source of intelligent information for businesses and professionals, […] Read more
April, 2019

North Macedonia

Further Liberalization of Capital Flows and Investment Opportunities Abroad

By signing the Stabilization and Association Agreement with the European Communities and their Member States (“SAA”), the Republic of North Macedonia committed itself to the free movement of capital, one of the basic principles upon which the European Single Market is based. This principle implies phase liberalization of capital flows. The transition into the second […] Read more
April, 2019

North Macedonia

Amendments to the Law on Consumer Protection in Case of Consumer Credit Agreements

The legal protection of consumers when concluding consumer credit agreements is one of the priorities and goals of the Republic of North Macedonia directed towards creating a single market, harmonized with the overall legislation of the European Union. The Law on Consumer Protection in Case of Consumer Credit Agreements (“Law”) already provided that the creditor […] Read more
April, 2019

Legal 500 ranks Karanovic & Partners

A Leading Law Firm in 2019

We are proud to announce Karanovic & Partners is once again recognized as a leading law firm on the 2019 Legal 500 rankings. The renowned UK-based directory places attorneys at law cooperating with Karanovic & Partners, in 10 practices, across 5 jurisdictions as Tier 1 – the highest and most prestigious ranking available. Attorneys at […] Read more
April, 2019

Karanovic & Partners traditionally supports

The XI Belgrade Arbitration Conference and Pre-Moot Competition

With ever-growing attendance and popularity, Karanovic & Partners continued its traditional support to the XI Belgrade Arbitration conference and the Belgrade pre-moot, organized by the University of Belgrade, Faculty of Law. Milan Lazić, Senior Partner and Head of the Dispute Resolution team chaired the first panel on the conference, titled Arbitrators – Friends or Foes. […] Read more
April, 2019

Upcoming Student Workshop

How to Start-up: Navigating the legal complexities

Karanovic & Partners is pleased to invite you to our student workshop, titled “How to Start-up: Navigating the legal complexities”. Organized in cooperation with the University of Belgrade, Faculty of Law, this workshop is intended for fourth year and Master’s students. Ivan Nonkovic, partner and independent attorney at law in cooperation with Karanovic & Partners, […] Read more
April, 2019

North Macedonia

New Public Procurement Law

After the announced reform of the public procurement procedures in 2017, at the beginning of this year the National Parliament adopted the new Public Procurement Law (“Law”). This new piece of legislation embodies the current EU public procurement rules and sets the legal landscape which is expected to result with transparent and efficient spending of […] Read more
April, 2019

Legislation update Serbia

New and Enhanced Foreign Exchange Controls

As we previously highlighted, the last changes of the Foreign Exchange Law brought important novelties in the sphere of foreign exchange supervision. Specifically, starting from 1 January 2019 the National Bank of Serbia (“NBS”) assumed the competencies from the Tax Administration for performing foreign exchange control of operations of all types of residents and non-residents. […] Read more
March, 2019

Karanovic & Partners Victorious in Two Jurisdictions

Two CEELM Deal of the Year Awards in 2019

We are pleased to announce that Karanovic & Partners, in cooperation with local lawyers, won two Deal of the Year awards – ArcelorMittal Zenica, Finnish Fund for Industrial Development, KPA Unicon Oy, and City of Zenica PPP in Bosnia and Herzegovina and for PPF’s Acquisition of Telenor’s Telecom Business in Montenegro. Awarded by the renowned […] Read more
March, 2019

Banking and Finance News: Serbia

The Door to Employee Share Schemes in Serbia Finally Opened?

There are certain new developments related to employee share schemes (“ESS”) in Serbia that could finally lead to enabling of application of foreign companies’ ESS to Serbian employees as well. Foreign companies commonly expressed interest to offer some form of ESS to the employees engaged in their subsidiaries in Serbia, allowing them to profit of […] Read more
March, 2019

Conference organized by the Association of Serbian Banks

Banking between Mediation and Digitalization

On 14 and 15 March, Karanovic & Partners participated at the Banking between Mediation and Digitalization conference, organized by the Association of Serbian Banks. The event concerned itself with mediation as a form of dispute resolution, as well as other burning topics in banking, with the idea of opening the way for emerging innovative technologies […] Read more
March, 2019

Karanovic & Partners organizes a Presentation

The New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask

On 21 March, Karanovic & Partners held the “New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask” presentation at our Belgrade office. The event was attended by over 70 representatives from leading Serbian companies, as well as legal and HR professionals. Partner* Goran Radošević and Senior Associates* Sanja […] Read more
March, 2019

Slovenia - Latest Amendments to the Tax Legislation

Slovenian Tax Consultants Should Report Cross-border Arrangements from 2020

The proposed amendment to the Slovenian Tax Procedure Act, implementing the Directive 2018/22 on the automatic exchange of information, sets out new rules for reporting on information related to certain cross-border arrangements of the companies to the Financial Administration of the Republic of Slovenia (“FURS”). According to the proposed amendments, Slovenian tax consultants or companies […] Read more
March, 2019

Serbia - Latest Amendments to the Tax Legislation

Arm’s Length Interest Rates for 2019 Published

The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued. Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows: 4.98% for short term loans in RSD, 5.69% […] Read more
March, 2019

 

North Macedonia: Latest Amendments to the Tax Legislation

New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 1 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides a tax rate of 10%, the new PIT Law envisages a tax rate of 18% and 15%, applicable to different types of income. Тhe PIT […] Read more
March, 2019

Montenegro - Latest Amendments to the Tax Legislation

Customs Regulations Mainly Related to Transit Procedures Amended

In January 2019, a new Regulation for the Implementation of the Customs Law in Montenegro (“Regulation”) has entered into force. The most significant changes relate to transit under TIR and ATA carnets. There is a new strict method of conducting the movement check for such goods, documents that should be provided to the customs authorities […] Read more