Legislation Update: Serbia
New Trade Regulations in Serbia: Paving the way to the digital market?
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 […]
Read moreKaranovic & Partners advises Abris
Abris Capital Partners acquires Global Technical Group
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 […]
Read moreFacilitated Employment of Serbian Citizens in Slovenia
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 […]
Read moreKaranović & Partners traditionally supports ELSA Summer School
“Business and Law” for the second time in Belgrade
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 […]
Read moreNorth Macedonia
New Law on the Amendments to the Law on Financial Discipline
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 […]
Read moreLegislation update: Serbia
E-mail addresses have to be registered
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 […]
Read moreCEE Legal Matters Article by Petar Mitrović
Support Scheme for Renewables in Serbia: A New Chapter
At the end of 2018, the Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (the “FIT Decree”) until the end of 2019. The FIT Decree was initially valid until […]
Read moreSlovenia
IONITY Opens First HPC Stations for Electric Cars
IONITY a joint venture of BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Audi and Porsche with headquarters in Munich, Germany, now officially opened its first 350 kW charging stations in Slovenia. These are the first HPC chargers offerring the latest global technology for charging electric cars and are located at the […]
Read moreCoca-Cola HBC acquires Serbian biscuit and confectionary maker
Transaction complete: Mid Europa Partners sells Bambi
The leading private equity investor in Central and Eastern Europe Mid Europa Partners sold Bambi, the leading Serbian biscuit and confectionary maker, to Coca-Cola HBC. The sale was completed on 18 June, and Bambi, one of the most recognisable brands in Serbia, will continue its development under Coca-Cola HBC. The Karanovic & Partners legal team, […]
Read moreCEELM Interview with Marko Ketler
The Buzz in Slovenia
This article was originally published by CEE Legal Matters Magazine. “It has been busy in the business arena,” says Marko Ketler, Senior Partner and Attorney at Law in cooperation with Karanovic & Partners, citing ongoing consolidation in banking sector with the potential sale of Abanka, the third largest bank in Slovenia, and recent major […]
Read moreKaranovic & Partners provides full support in greenfield investment
ZF opens Factory in Pančevo
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 […]
Read moreThe rights and status of UK citizens in Slovenia
What to watch out for in case of a hard Brexit and ZUVIZK
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 […]
Read morePublic Call in North Macedonia
Use of a Feed-In Premium for Photovoltaic Electricity
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 […]
Read moreCEE Legal Matters Article by Marko Ketler
Welcome to the Slovenian Legal Market
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 […]
Read moreSerbia
Niš-Ekspres Fined for Abuse of Dominance
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 […]
Read moreCEE Legal Matters Article by Igor Angelovski
Investing in the Slovenian Automotive Production Industry
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 […]
Read moreKaranovic & Partners advises Mid Europa Partners on sale of Knjaz Miloš
Mid Europa Partners sells Knjaz Miloš to KMV and PepsiCo
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 […]
Read moreSlovenia
New Financial Incentives for Enterprises
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. […]
Read moreAmCham Roundtable
Developments in the Serbian Judicial Practice in Labour Disputes
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 […]
Read moreKaranovic & Partners at the ReCaP2019
Angel Investing in the SxSE Region
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 […]
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