Newsroom

Financial services without going to the bank

The rapid development of digital technology has brought FinTech to Serbia, and what is certain from the beginning is that it will substantially reshape the interaction between service providers and users. Customer demands for efficiency are about to bring various technological innovations into the industry, which will create new opportunities and accelerate further development of […]

Karanović & Partners holds a presentation on new Serbian Data Protection Law

Karanović & Partners held a presentation about the new Law on Personal Data Protection on September 18 at our office premises. Senior Associates* Sanja Spasenović and Milica Filipović, lawyers with vast knowledge and experience in data protection matters in Serbia, talked about the key innovations the Law brings. This new piece of legislation stepped into […]

Reference Rates Reform in SEE

Reference interest rates play a central role on the financial markets. They are widely used across a range of financial products, including loans, deposits, securities and derivatives. Concerns about the sustainability of the existing reference rates following global rate-rigging scandals have led to a reform process. The reform is aimed at creating new, nearly risk-free […]

Legislation Update - Croatia

The Act on Amendments of the Civil Procedure Act in Croatia stepped into force on 1 September 2019 and brought substantial changes through the first amendments of the provisions governing civil procedure since the reform in 2013. The amendments were praised in Croatian legal community, because they aim to expedite dispute resolution and end the […]

CEE Legal Matters Article by Igor Angelovski

Pharmaceutical products have been in the spotlight of the Council of the European Union’s Product Liability Directive since its adoption in 1985. Despite the amount of time that has passed, some legal uncertainties remain that strike directly at the notion of defectiveness, as well as the causal link between the defect and the damage (which […]

CEE Legal Matters Article by Goran Radošević and Milica Filipović

At the beginning of April 2019, the Serbian Parliament adopted the new Law on Healthcare Protection (the “Law”), with the aim of improving the legal framework and facilitate better functioning of the healthcare system in Serbia, aligning it more closely to EU standards in this field. This new piece of legislation introduces significant novelties to […]

Karanovic & Partners enters Albanian market

Karanovic & Partners is pleased to announce the establishment of cooperation with CR partners, a full-service independent law firm in Albania. CR partners is an experienced law firm from Albania, positioned as a market leader for cross-border transactions, international projects, legislation drafting, PPP projects, etc. The firm is consistently recognised as a local market leader […]

Who’s Who Legal Names Karanovic & Partners Two Years in a Row

The Karanovic & Partners competition team is once again named as the leading competition lawyers in Serbia in the 2019 edition of Who’s Who Legal: Competition. For two years in a row, our Senior Partner Rastko Petaković, Partner* Bojan Vučković and Senior Associate* Bojana Miljanović were listed among other world’s best competition lawyers. WWL: Competition […]

Legislation Update: Serbia

On 19th August 2019, the Commission for State Aid Control of the Republic of Serbia (“CSAC”), assisted by the National Alliance for Local Economic Development (NALED), organized the third round of public discussions concerning the draft of the new State Aid Law (the “Law”) in Serbia. The preparation of the draft Law came as a […]

Karanovic & Partners Advised on Another Capital Transaction in Serbia

One of the largest deals of 2019 is officially completed – Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, sold its shares in Knjaz Miloš to a joint venture between Karlovarské Minerální Vody (KMV) and PepsiCo, Inc. (PepsiCo). Karanović & Partners acted as local counsel for Mid Europa Partners in […]

The Recognition of Importance of Arbitration and Mediation in Business

On 7 August 2019, Serbia became one of the first 50 countries in the world to sign the United Nations Convention on International Settlement Agreements Resulting from Mediation – dubbed the Singapore convention. Much like the New York Convention on Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the Singapore Convention aims to […]

Serbia Attracts the Most Greenfield Investments in 2019

Serbia achieved the top spot at the Greenfield FDI Performance Index[1] for 2019 – fDi Intelligence, a Financial Times data division, placed Serbia as a number one in its annual Greenfield FDI Performance Index study. The Study, which looks at inbound greenfield investment in 2018 relative to the size of each country’s economy, assigned the […]

Legislation Update: Serbia

Latest amendments to the Law on Enforcement and Security were published on 26 July 2019 in the Official Gazette RS no 54/19.  The Law entered into force on 3 August 2019, however its application is postponed until 1 January 2020, save for article 166 that is being applied immediately (most notably transferring all pending enforcement […]

The Ministry of Economy of Montenegro Published the Public Invitation

The Ministry of Economy of Montenegro published the public invitation for awarding the long-term lease of the state-owned land on the Brajići location, on the territories of Budva and Bar (the Invitation), for the purposes of design, construction, use and maintenance of the wind power plant of the minimal installed capacity of 70 MW (the […]

Legislation Update: Serbia

On 22 July 2019, Serbia enacted a new Law on Trade, as well as some important amendments to the Law on E-Commerce. The new trade regulations in Serbia are an attempt to keep pace with European legislation and the comparative practices of other countries, with the applicability of some provisions postponed until the country officially […]

Karanovic & Partners advises Abris

The private equity fund Abris Capital Partners has taken over a majority stake in Global Technical Group, the largest provider of end-to-end solutions for building management and integrating technical and security solutions in Romania. Karanovic & Partners, along with Clifford & Chance, advised Abris in this transaction – which is currently conditional upon securing clearance […]

On 28 May 2008, the National Assembly of the Republic of Slovenia adopted the Act ratifying the Agreement between the Government of the Republic of Slovenia and the Government of the Republic of Serbia on the Employment of Citizens of the Republic of Serbia. The Protocol on the Implementation of the Agreement between the Government […]

Karanović & Partners traditionally supports ELSA Summer School

Karanovic & Partners traditionally hosted the second edition of ELSA Summer School of Business Law. Organized by the European Law Students Association – ELSA, the programme took place from 30 June to 8 July in Belgrade and gathered around 50 participants from all over Europe. Karanović & Partners held a series of 4 presentations in […]

North Macedonia

The new Law amending the Law on Financial Discipline (“Amendments”) was adopted on 11 June 2019. These amendments further harmonize the Law on Financial Discipline (“Law”) with the legislation of the European Union, in particular the Directive 2011/7/EU of the European Parliament and of the Council on Combating Late Payment in Commercial Transactions (“Directive”). Further […]

Legislation update: Serbia

Existing companies in Serbia are obliged to register their contact e-mail addresses with the Serbian Business Registers Agency by 1 October 2019, in accordance with last year’s amendments of the Company Law. Further, all newly incorporated companies are obliged to register their e-mail address at the moment of incorporation. The registered e-mail address is used […]