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Newsroom

January, 2022

National Bank of Serbia recomendations for CHF LIBOR

The NBS Published the Recommendation for Replacing the CHF LIBOR and EONIA Benchmark Interest Rates in Serbia

On 20 January 2022, the National Bank of Serbia ( the “NBS”) published the Recommendation in Connection with the Interest Rates which Would Replace Benchmark Interest Rates which Cease to Apply (CHF LIBOR and EONIA) (the Recommendations). The aim of the Recommendations is to ensure uninterrupted continuity of the contractual relationship between the borrower or […]

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January, 2022

28 – 30 June, Budva Riviera, Montenegro

Karanovic & Partners will take part at the Western Balkans 2022 Energy Week

A great opportunity arises for Serbia, Montenegro, North Macedonia, Albania and Kosovo* to further develop their renewable energy production, as this summer’s Energy Week is announced! Invest In Network, a boutique consultancy based in the U.K. whose mission is to foster the deployment of renewable energy across Central Asia, the Black Sea and the Western […]

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January, 2022

Karanovic & Partners new cooperating jurisdiction

Karanovic & Partners Fully Established Cooperation with CR Partners in Albania

Karanovic & Partners is pleased to announce full cooperation with CR Partners, a full-service independent law firm in Albania. With CR Partners, we are combining powers in fully entering the Albanian market with providing legal services. We are looking forward to our joint forces and being able to meet the needs of our clients, no matter how complex they […]

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January, 2022

Update: Montenegro

Montenegro: Assembly passes Laws from programme Europe Now

On 29th December 2021, Montenegrin Assembly passed a series of laws that are part of the Europe Now programme, which sets the strategy of Montenegro’s economy policy-achieving smart, sustainable and inclusive economic growth. Series of laws that were changed in order to make programme Europe Now possible include: Labor Law, Law on Personal Income Tax, […]

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January, 2022

Karanovic & Partners Update

Karanovic & Partners Joins L2b Aviation

Karanovic & Partners is pleased to announce that it has been invited to join L2b Aviation, a worldwide network of premier aviation law firms. Members of this network are leading specialist aviation law firms within their respective jurisdiction, providing tailored, responsive, consistent, and personal service to their clients, with in-depth knowledge and experience in all […]

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January, 2022

Update: Serbia

2021 Amendments to the Company Law

On 19 November 2021 the Parliament of the Republic of Serbia enacted amendments to the Company Law. The amendments are applicable as of 27 November 2021, except for certain clauses for which a deferred implementation is provided. This is the seventh time the Company Law undergoes changes since it was enacted ten years ago. In […]

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January, 2022

Serbia: Banking & Finance Update

New Capital Market Framework in Serbia

The end of 2021 has marked adoption of the new Law on Capital Market (the “Law”) in Serbia, which was published on 28 December 2021. The Law was adopted in line with the recently enacted Strategy for Development of the Capital Market for the period 2021-2026 and within a wider process of accession of Serbia […]

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January, 2022

Another Major Energy Acquisition in Croatia

Pearl Infrastructure Capital closes its third acquisition in Croatia in a year

After successfully closing two acquisitions in 2020, our colleagues from Ilej & Partners in cooperation with Karanovic & Partners advised PEARL Infrastructure Capital, a Luxembourg based investment fund specialized in green energy, in their third acquisition in Croatia in only one year. On 4 January 2022, PEARL acquired A&A Bioenergy Viro, project holder of a […]

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December, 2021

Corporate Update

Gaming1 Partners with CVC

Gaming1, the entertainment branch of Ardent Group, has signed a transformational deal for their next phase of growth. The active shareholders in the Liège-based company, the leader in the Belgian gaming market, have partnered with CVC Capital Partners Fund VIII. Karanovic & Partners team led by Partner, Ivan Nonković, and Senior Associate, Sava Drača, have […]

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December, 2021

Banking & Finance Update

GGF Provided its First Local Currency Loan in Serbia

We are pleased to announce that Karanovic & Partners supported the Green for Growth Fund, Southeast Europe (GGF) with the provision of its first local currency loan in Serbia, as part of its efforts to provide finance for energy efficiency and renewable energy investments in the Southeast Europe Region. In December 2021, GGF closed a […]

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December, 2021

Banking & Finance Update

Additions to EFSE’s Investment Portfolio in Serbia

We are pleased to announce that Karanovic & Partners has supported the European Fund for Southeast Europe (EFSE) in its mission to foster economic development and prosperity in the Southeast Europe region. Our team advised EFSE in relation with two loans that have been extended to Serbian banks in 2021, both aimed at supporting micro […]

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December, 2021

IP Update

IP legislation updates bring benefits to the Serbian Pharma Industry

The National Assembly of the Republic of Serbia recently adopted amendments to the Law on Patents, which is another important change in Serbian IP legislation this year, in addition to the New Law on Protection of Trade Secret, that  entered into force back in June, following the recent changes in the fields of copyright and […]

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December, 2021

Corporate: Update

Karanovic & Partners Participated in the Business Combination of TeleSign and North Atlantic Acquisition Corporation SPAC

North Atlantic Acquisition Corporation (Nasdaq: NAAC), a publicly traded special purpose acquisition company (SPAC), with $380 million in trust, has entered into a definitive business combination agreement with TeleSign, an industry pioneer with more than 15 years of operating history of connecting, protecting, and defending the world’s leading brands and their customers as they engage […]

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December, 2021

Update: North Macedonia

North Macedonia: Announced improvement of workers’ rights in the New Year

Significant amendments to the Labour Law (“Labour Law Amendment”) and the Law on Minimum Wage (“Minimum Wage Law Amendment”) in favour of the workers are envisaged to be enacted at the beginning of 2022. The Government announced that by amendment of the Law on Minimal Wage it will increase the minimum wage to EUR 300 […]

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December, 2021

Karanovic & Partners Update

Rastko Petakovic won AFA Annual Recognition 2021

Our Senior Partner, Rastko Petaković, won the AFA Annual Recognition 2021 for overall support to AFA activities for 5 years. The traditional AFA New Year’s gathering was held on 9 December at the Serbian Business Club Privrednik. The event brought together members of the AFA Corporate Board, representatives of the Diplomatic Committee, as well as […]

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December, 2021

Slovenia Update

Slovenia is one step closer to implementation of the new EU Whistleblowing Directive

The Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (“Whistleblowing Directive”) entered into force on December 16th, 2019. Member States are required to transpose the Directive into national laws until December 17th, 2021, whereas it is clear […]

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December, 2021

Energy Update

Karanovic & Partners Moderated a panel at “Serbia and the Future of Renewable Energy” Conference

Our Senior Partner, Miloš Vučković, moderated a panel discussion at “Serbia and the Future of Renewable Energy” Conference organised by the Nordic Business Alliance on 14 December, held in the residence of the Norwegian Ambassador in Serbia. A panel discussion focused on framework conditions in the energy sector, which Miloš discussed with Jovana Atanacković, State […]

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December, 2021

Update: Serbia

Another Amendment to the Company Law

On 19 November 2021 the Parliament of the Republic of Serbia enacted yet another amendment to the Company Law. This is the seventh change of this piece of legislation in its 10 year long legal life. We focus here on the two which may have far-reaching consequences to the landscape of limited liability companies (LLC) […]

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December, 2021

Focus on Competition – 15th Edition

Karanovic & Partners presented 15th edition of “Focus on Competition” at the traditional Competition Conference 2021

Karanović & Partners, together with Friedrich Naumann Foundation for Freedom, held on 14 December 2021 our traditional annual Competition Conference, online for the second time. Attendees from different parts of the world joined our Zoom session in order to learn about the latest developments in the field of competition law. We traditionally presented the newest […]

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December, 2021

North Macedonia Update

North Macedonia: Informal Requirement for Transfer Impact Assessments in the New Year

Transfers of personal data outside of North Macedonia to third countries and international organizations (non-EU/EEA) (“Cross-Border Transfers”) have been under the watchful eye of the Agency for Personal Data Protection of North Macedonia (“DPA”) for a long time. With the adoption of the new Law on Personal Data Protection in North Macedonia (“Law”) in 2020, […]

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2022