Newsroom

Karanovic & Partners provides full support in greenfield investment

A leader on the car industry market, the German company ZF opens its factory in Pančevo within the first phase of the EUR 160 million investment. The factory will start producing machines, generators for hybrid and electric drives, gearshift switches and microswitches in the first half of June. The Karanovic & Partners team, led by […]

The rights and status of UK citizens in Slovenia

The European Commission consistently emphasises the citizens’ rights and status in its hard Brexit preparations and contingency works. It appealed to EU Member Stats to take a generous approach towards the rights of UK citizens in the EU, given that the UK reciprocates such an approach. Therefore, in line with the Commission’s “no-deal” Contingency Action […]

Public Call in North Macedonia

The Government of North Macedonia announced an open call for awarding a contract for the use of a feed-in premium for electricity produced in photovoltaic power plants (“PVPPs”) on state land in North Macedonia, with total installed capacity of 35 MW. Two locations are envisaged for construction of the PVPPs – Azambegovo (Sveti Nikole) and […]

CEE Legal Matters Article by Marko Ketler

This article is written by Marko Ketler and originally published in Issue 6.4 of the CEE Legal Matters Magazine.   After a few troublesome years during the global financial crisis, it seems like Slovenia is on a positive economic route again. On December 14, 2018, S&P Global Ratings affirmed an “A+/A-1” credit rating for Slovenia […]

Serbia

On 24 May, the Serbian Competition Commission fined the bus company Niš-Ekspres from Niš (“Niš-Ekspres”) for the abuse of dominant position in the amount of RSD 40,726,439 (app. EUR 345,000), which is 1.3% of the total turnover generated by Niš-ekspres in 2016. Niš-Ekspres applied dissimilar conditions with regards to persons purchasing platform tickets. The passengers […]

CEE Legal Matters Article by Igor Angelovski

This article was written by Igor Angelovski and was originally published in Issue 6.2 of the CEE Legal Matters Magazine.  “If you are a company conducting business in the automotive industry with intentions of expanding on the European market, where do you look? The answer may be the Central European country of Slovenia.” Slovenia has, over […]

Karanovic & Partners advises Mid Europa Partners on sale of Knjaz Miloš

Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, announced today the agreement to sell its shares in Knjaz Miloš to a joint venture between Karlovarské Minerální Vody (KMV) and PepsiCo, Inc. (PepsiCo). The transaction is currently subject to customary regulatory approval and is expected to close in Q3 2019. Karanović […]

Slovenia

At the beginning of 2019, the Slovene Enterprise Fund (“SEF”) introduced a new simplified programme of incentives for micro, small and medium-sized enterprises (“SMEs”). The primary purpose of these vouchers is to financially assist SMEs through the co-financing of particular services in different fields and, consequently, to positively influence the competitiveness and competences of SMEs. […]

AmCham Roundtable

Karanovic & Partners participated in the Roundtable on Judicial Practice in Labour Disputes, organized by the American Chamber of Commerce (AmCham) in Serbia. This was the first event of its kind, discussing key issues in judicial practice in relation to employment law. AmCham presented the results of their annual research on investor satisfaction, stating that […]

Karanovic & Partners at the ReCaP2019

Karanovic & Partners participated in the ReCaP2019 panel “Angel Investing in the SxSE Region”, organized by Impact Hub, one of the world’s largest networks focused on building entrepreneurial communities. The ReCaP2019 took place in Belgrade, on 23-24 May, bringing together world-class venture business leaders, market and technology experts from mature ecosystems and connecting them to […]

On 2 April 2019, the Serbian Supreme Court of Cassation (“Supreme Court”) took a stance that would surely open a number of issues in the coming period regarding a topic that has long provoked quite a bit of controversy in the professional and wider public – loan agreements with the currency clause denominated in Swiss […]

Connecting Economies for Stronger Growth

Karanovic & Partners attended the EBRD Annual Meeting and Business Forum in the Bosnian capital of Sarajevo. The theme of this year’s forum was Connecting Economies for Stronger Growth. Around 3,000 leading experts, government officials, business professionals, environmental specialists, entrepreneurs and others attended the event. In over 40 sessions, with topics including global trade, blockchain, […]

Fiat Chrysler sells high-tech components manufacturer

A leading Japanese automotive company, Calsonic Kansei acquired Magneti Marelli, a high-tech components manufacturer for the automotive industry, from Fiat Chrysler Automobiles (FCA) for 5.8 billion euros. Karanovic & Partners advised Japan’s Calsonic in this transaction, which represents key milestone in creating a leading global independent automotive sup. The Karanovic & Partners legal team – […]

Karanovic & Partners is deeply committed to supporting and improving Serbia's di...

Karanovic & Partners is a proud member of the Digital Serbia Initiative since 2017. The Digital Serbia Initiative is a private, non-profit organisation bringing leading technology, IT and telecommunication companies together to drive digital innovation in Serbia. The founding members of the initiative are Infostud, Microsoft, Nordeus, Price Waterhouse Coopers, Ringier Axel Springer, Seven Bridges, […]

Croatia

The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, so that […]

The Serbian Tax Administration issues annual plan on tax audits

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 […]

Contract management masterclass

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. […]

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 […]

Crowdfunding conference in Belgrade

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 […]

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

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, […]