Newsroom

December, 2019

High Level of Certainty in Serbia

Mergers and Merging on the Serbian B&F Market

This article was written by Senior Partner Darko Jovanović and originally published in Issue 6.9 of the CEE Legal Matters Magazine.                                                                                                                        BNP’s subsidiary Findomestic was only recently sold to local Direktna Banka – which also acquired Serbia’s NKBM subsidiary and the Greek Piraeus Bank. OTP acquired NBG Group’s Vojvodjanska Banka and the local champion […]

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December, 2019

New Promotions Announced

Karanović & Partners Promotes New Partner, Special Advisor and Senior Associate

Karanović & Partners is pleased to announce a new round of promotions. Our litigator Milica Savić has been promoted to Partner*, Sava Drača to Senior Associate*, while Sanja Spasenović will hold a position of Special Advisor*. These talented individuals have proven their expertise and established themselves as key members of our team. This promotion reflects […]

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November, 2019

Key Step towards EURIBOR's Continuity

EMMI Completes the phase-in of all Panel Banks to the EURIBOR Hybrid Methodology

The European Money Markets Institute (EMMI), the administrator of the EURIBOR benchmark, confirmed on 28 November that it has successfully completed the phase-in of all Panel Banks to the EURIBOR hybrid methodology. The phase-in occurred on a gradual basis, so as to minimize operational and technological risks for Panel Banks, EURIBOR users and the benchmark […]

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November, 2019

A Change in Leadership After Five Years

Serbian Competition Commission gets a new President and Council Members

On 14 November 2019, the National Assembly of the Republic of Serbia appointed the new President of the Competition Commission (the “Commission“) as well as three new members of the authority’s management council. Mr. Nebojša Perić, law graduate and a former director of a public utility company from Vršac was appointed as the new President, […]

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November, 2019

New acquisition

Karanović & Partners advises NIBE in TIKI Group Acquisition

NIBE Industrier AB has acquired TIKI Group, Gorenje’s Serbian operations and one of Europe’s largest manufacturers of water heaters. The transaction requires the customary approval of the competition authority concerned and subsequent to consolidation, expected from 1 January 2020, TIKI Group will become a part of the NIBE Climate Solutions business area. Karanović & Partners […]

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November, 2019

What You Need to Know and How to Prepare

Karanovic & Partners holds Reference Rates Reforms Briefing

Karanovic & Partners held a briefing dedicated to Reference Rates Reforms in Belgrade on 18 November. The event was spearheaded by Senior Partner Darko Jovanović and Partners* Maja Jovančević Šetka and Katarina Gudurić. The special guest was Michael Huertas, Partner and Co-Head of European Financial Institutions Regulatory Practice Group from Dentons, Frankfurt. The event was […]

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November, 2019

Brose begins construction in three months

Karanovic & Partners advises Brose in Landmark Deal

Brose, one of the largest family-owned suppliers in automotive industry, signed an agreement with the Republic of Serbia regarding the acquisition of the 23 hectare plot of land for the construction of a plant (together with research center) that will produce automotive equipment. The construction of the factory will begin in three months, while the […]

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November, 2019

Karanović & Partners Launches a New Publication

The fifth edition in the Focus On Energy series

On behalf of Karanovic & Partners’ Energy and Natural Resources Industry Group, it is our pleasure to present the fifth edition of the Focus on Energy publication. In this edition, we have tried not only to summarize the developments in the relevant energy sectors in the last two years, but also to discuss and analyse […]

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November, 2019

A milestone marked

ICC Construction disputes and arbitration in the SEE region conference

The ICC Construction disputes and arbitration in the SEE region conference was organized in Belgrade for the first time by the ICC International Court of Arbitration with the support of ICC Serbia and law firms Karanovic & Partners and Pinsent Masons. The event, spearheaded by Senior Partner Milan Lazić and Senior Associate* Milica Savić, was […]

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November, 2019

Sharing insight on Energy and Infrastructure Financing

Karanović & Partners at the Energy and Infrastructure Financing conference

UniCredit Bank organized a one-day event related to energy and infrastructure financing on 7 November. Partner* Petar Mitrović took part in a panel discussion covering the topic of challenges of energy and infrastructure financing in Serbia. Petar Mitrović talked about project implementation and lessons learnt mainly and perspective of Energy Law and decrees implementation and […]

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November, 2019

Construction Disputes

Karanović & Partners holds Contract Management Masterclass

Karanović & Partners held a Contract Management Masterclass dedicated to construction disputes under FIDIC in the SEE region on 7 November in partnership with Pinsent Masons and Thomas-Koziarski Consulting. The event was held at the Karanovic & Partners office premises, and was attended by representatives of renowned construction companies, as well as various professionals from […]

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November, 2019

Drinks reception in Lisbon

Karanović & Partners host a reception for Balkan participants of Web Summit

Karanović & Partners hosted a drinks reception for Balkan participants of the Web Summit in Lisbon on 5 November. Managing Partner Rastko Petaković was the host of the reception and around 100 people attended the event. Web Summit is one of the largest events that brings together key figures from the companies that are at […]

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November, 2019

Coca-Cola proposes change of its conduct

Going Soft on Soft Drinks: The Croatian Competition Agency considering Coca-Cola’s commitments

In February 2019, the Croatian Competition Agency (the “Agency”) launched an official investigation against Coca-Cola HBC Hrvatska d.o.o. (“Coca-Cola”), in order to establish whether the company concluded prohibited restrictive agreements and/or abused its market dominance. After reviewing the local market for distribution of non-alcoholic beverages in the Croatian HORECA channel, the Agency came across a […]

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October, 2019

Updated framework after a decade

Serbia: State Aid Reloaded

Almost a decade after the adoption of the previous Law on State Aid (the “Previous Law”), Serbia has significantly updated its state aid framework. A number of reasons influenced the drafting and adoption of the New State Aid Law – especially the need for further alignment of state aid rules, but more importantly, enforcement practice […]

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October, 2019

Sustainable economy and women empowerment

Karanović & Partners at the AFA Women’s Leadership Summit

Karanovic & Partners, as a member of AFA, took part at the AFA Women’s Leadership Summit held in Belgrade on 24 and 25 October. Our Managing Partner Rastko Petaković talked about Personal contributions for a global impact on the second day of the Summit, dedicated to Sustainable economy and women empowerment. In the broader scope, […]

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October, 2019

Further harmonization with EU acquis

New Law on Alternative Investment Funds Adopted

The National Assembly of the Republic of Serbia adopted the Law on Alternative Investment Funds on 10 October 2019, which will become applicable on 20 April 2020. Serbia is further harmonizing its capital market laws with the EU acquis and this time, new legal concepts are adopted into the Serbian legislation by transposing the Directive […]

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October, 2019

Eight wholesalers fined

Serbia: Leniency leads to the discovery of a bid rigging cartel in office supplies

The Serbian Competition Commission (the “Commission“) recently fined eight wholesalers of office supplies a total of around EUR 510,000 for bid rigging in public procurement and other tenders. The Commission established that the companies coordinated the terms of their offers following a leniency application by an unidentified whistleblower. The company in question was relieved from […]

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October, 2019

The pillars of Sports Law

Karanovic & Partners holds Sports, Law and Finance Conference

Karanovic & Partners held a two-day Sports, Law and Finance Conference on 15 and 16 September at our office premises organized in cooperation with Hockey Partnership for Progress. The first day of the event was opened by Senior Partner Miloš Vučković, who delivered the introduction speech and presented the questions that would be the topic […]

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October, 2019

Landfill remediation and development of the waste treatment facilities in Vinča

Karanović & Partners advised on the Public-Private-Partnership project for “Belgrade Energy from Waste Project”

Karanović & Partners advised the International Finance Corporation and the City of Belgrade in the process of financing the landmark public-private partnership project for the “Belgrade Energy from Waste Project” for the landfill remediation and development of the waste treatment facilities in Belgrade, Vinča. The public-private partnership agreement was signed in September 2017 by the […]

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October, 2019

Vale acquires earn-in for four locations

Mundoro and Vale Put Through the Earn-In Agreement for Timok Complex

Vale Canada Limited (Vale) acquired the option to earn-in in four of Mundoro Capital Inc’s (Mundoro) exploration licenses in Timok complex. The earn-in relates to Sumrakovac, Osnić, Dubrava and Padina properties, hosting primarily the copper-gold mineralization (Projects). Under the agreement, Mundoro has granted to Vale the option to earn up to a 75% interest in […]

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2020