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Newsroom

September, 2023

Data Protection Update

Serbia Adopts the Personal Data Protection Strategy for 2023 – 2030: Fresh and Bold Goals for the Times to Come

In a critical move to face the rapidly evolving technological novelties and their immanent implications on the protection of personal data and the business environment in general, the Serbian Government adopted the Personal Data Protection Strategy 2023 – 2030 (the “Strategy”) late this August. It seems that the Strategy arrived at a crucial time, considering […]

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August, 2023

Serbia: Open Call for Women’s Entrepreneurship

Open Call for Women’s Entrepreneurship – Call for Granting Cash Incentives and Loans is Published

Open call for granting non-refundable cash incentives and approval of loans with the aim of incentivizing the development of women’s entrepreneurship was published on 28 August as part of Program for incentivising the development of entrepreneurship through financial assistance for women’s entrepreneurship (Program).  The total available funds for the implementation of this Program amount to […]

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August, 2023

Slovenia Update

Top Rankings in ITR World Tax 2023

We are pleased to share that our colleagues from Ketler & Partners, member of Karanovic, have made the rankings in ITR World Tax, the annual World Tax guide, a key resource in assisting tax professionals locate specialist advice, for 2023. The team earned the rankings in both categories, Tax and Transfer pricing, for the very […]

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August, 2023

AI in the Copyright Spotlight

Judgment on Copyrighting Generative AI

In the ever-evolving world of technology, the boundaries of law are constantly being tested. With the most recent developments in generative AI (artificial intelligence – language and diffusion models), the boundaries of IP law are being tested to their absolute limits. A recent ruling by the United States District Court has brought to light a […]

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August, 2023

Serbia: Legislation Update

Amendments to the Law on Financial Support for Families with Children

On 26 July 2023, the Serbian National Assembly adopted amendments to the Law on financial support for families with children. The key novelty of the amendments is that they expand on the financial benefit for pregnant mothers who are registered entrepreneurs and an additional basis for paid leave for the employed father of the child. […]

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August, 2023

Serbia: Legislation Update

Proposal of Amendments to the Law on Citizenship

In May 2023 the Government of the Republic of Serbia submitted the official Proposal of the Law on Amendments of the Law on Citizenship of the Republic of Serbia (the Proposal), which is currently in the process of deliberation within the National Assembly. The Proposal mainly facilitates a much easier path to acquiring Serbian citizenship. […]

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August, 2023

Serbia: Legislation Update

The long-awaited Amendments of the Law on Foreigners and Law on Employment of Foreigners

The Serbian National Assembly adopted amendments to two key laws regulating the immigration status of foreigners in the Republic of Serbia – the Law on Foreigners and the Law on Employment of Foreigners. The amendments aim to simplify and streamline the process of obtaining residence and work permits for foreigners by introducing a unified permit […]

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August, 2023

M&A News in Serbia

PPF Announces Partnership with Global Technology Group e&

PPF Group and Emirates Telecommunication Group Company (e&) signed an agreement under which e& will acquire a stake of 50% plus one share in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia. The assets comprise Yettel Bulgaria, Yettel Hungary, Yettel Serbia, and the O2 Slovakia service operations and the CETIN and O2 Networks […]

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August, 2023

Major Acquisition in Wiring Harness Industry

Volex Acquires Murat Ticaret

Karanovic & Partners in cooperation with local lawyers, provided legal support to Volex for the Macedonian law aspects of the transaction involving the proposed acquisition of Murat Ticaret Kablo Sanayi A.S. (“Murat Ticaret”) – a leading manufacturer of complex wire harnesses, for approximately €178.1 million. The acquisition is expected to complete later in 2023 when […]

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August, 2023

Serbia: Legislation Update

New Amendments to Construction Law: Enhancing Development and Energy Efficiency

The Serbian parliament has adopted new amendments to the Law on Planning and Construction (“Construction Law”), introducing a series of novelties expected to significantly impact the construction industry, urban planning, and energy efficiency. The most important amendments are: abolishment of the land conversion fee, mandatory energy passports for all buildings, mandatory installation of chargers for […]

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August, 2023

Serbia: M&A News

DS Smith to Acquire Bosis doo

DS Smith, a leading sustainable packaging provider, has announced it had entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia. The acquisition is complementary to the business’ existing regional packaging activity in Eastern Europe and will support its growth drive in the region. Our team, led by Partner Miloš Jakovljević […]

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August, 2023

Intellectual Property Practice in Serbia

Serbian Court Determined a True Nature of the IP Assignment Agreement in Food Industry Case

The Commercial Court in Belgrade has delivered a pivotal judgment, setting guidelines for cases related to intellectual property and contractual disputes. Our client, the plaintiff in this case, is an established owner of a well-known brand in the food industry. The backstory of this dispute traces back to almost 20 years ago when our client […]

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July, 2023

Pioneering AI Works Report

Report on Copyrightability of AI-Generated and AI-Assisted Works Released by INTA’s Copyright Committee

Karanovic & Partners is proud to announce that our Senior Associate Nikola Kliska, Head of the IP Department, was one of the co-authors of a pioneering report titled “Copyrights and Neighboring Rights in Outputs Made by or Made by Means of AI Systems”. The report was conducted under the AI and 3D sub-committee of the […]

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July, 2023

Serbia’s Energy Sector: Latest Developments

Karanović & Partners Advises ClonBio Group on Project Financing for Six Biogas Power Plants in Vojvodina

Karanović & Partners advised Pannonia Green in a multi-million EUR biogas project financing transaction with OTP Group, one of the largest banking groups in Central and Eastern Europe.  Pannonia Green is a joint venture between ClonBio Group, a market leader and large-scale producer of bioproducts and renewable energy in Europe and America, and Asicon, a […]

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July, 2023

M&A News in Serbia

OTP Group Acquires ILIRIKA Fund Management Company

OTP Fund Management, Hungary, and OTP Banka Srbija have jointly acquired ILIRIKA DZU, the Serbian subsidiary of the Ljubljana-based ILIRIKA group providing asset management services. With this transaction, OTP Group strengthens the Serbian capital market and becomes an active player in it. Karanović & Partners was the lead counsel of OTP Group on this transaction. […]

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July, 2023

Albania Legislation Update

Albania – Legalization of Cannabis for Medical and Industrial Purposes

On Friday 21 July 2023, the Albanian Parliament adopted a law which legalizes medical cannabis and industrial hemp (“Cannabis Law”). The Cannabis Law allows licensed companies to cultivate and process cannabis and determines the criteria which must be met to obtain such a permit, but also regulates the cultivation process of the plant and the […]

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July, 2023

International Summer School in Belgrade

Karanović & Partners Hosts International Students for a Workshop

The Belgrade Summer School in Law & Economics, an annual event organised by the University of Belgrade’s Faculty of Law and Serbian Law and Economics Associations, successfully took place from 13 to 15 July. The primary objective of the event was to offer 25 international students a valuable opportunity to attend a series of lectures […]

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July, 2023

Data Protection Update

A Lifeline for Data Transfers: EU-US Data Privacy Framework Is Back On

In the long-awaited aftermath of the havoc caused by the CJEU’s decision (adopted in 2020 in the famous Schrems II case) to invalidate the previously existing EU-US Privacy Shield Framework, the European Commission adopted the adequacy decision promoting the new EU-US Data Privacy Framework (the “Framework”) on 10 July 2023. The Framework concludes that the […]

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July, 2023

Protection of Competition in Montenegro

A Proceeding Against the Association of Tourist Agencies of Montenegro

On 10 July 2023, the Agency for the Protection of Competition of Montenegro initiated a proceeding against the Association of Tourist Agencies of Montenegro for an alleged breach of the Competition Law. Namely, during dawn raids conducted on the business premises of certain tourist agencies, the Agency came into possession of a Pricelist of services […]

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July, 2023

Call for Tender in North Macedonia

Invitation for Prequalification for Construction of Sub-Section of the Skopje-Blace Motorway in North Macedonia

The Public Enterprise for State Roads of North Macedonia (“PESR”) published an invitation for prequalification (“Invitation for Prequalification”) for works for the construction of a 10.5 km long sub–section of the TEN-T Route 6 Motorway (“Project”). The Project is the second phase of the TEN-T route from the Kosovo – North Macedonia border to Skopje. […]

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2024