January, 2019

Corporate and Commercial News: Serbia

The Central Registry of Ultimate Beneficial Owners Established

As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […] Read more
December, 2018

Tax News: Serbia

Serbia Amends Tax Legislation

The Serbian National Assembly passed amendments to the tax laws, introducing incentives for the IT sector, tax exemptions for the transfer of property under concession agreements and tax exemptions related to income from employee share plans. Additionally, the new Law on Fees for the Usage of Public Goods Governing the Payment of Fees and Charges […] Read more
December, 2018

Tax News: Macedonia

Macedonia: Changes in The Tax Legislation

New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 01 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides the tax rate at 10%, the new PIT Law envisages a tax rate at 18% and 15%, applicable to different types of income. On 24 […] Read more
December, 2018

Competition and Antitrust News

Geo-Blocking: EU Commission Fines Guess EUR 39 Million

On 17 December 2018 the European Commission fined the clothing company Guess in the amount of EUR 39.8 million for restricting retailers from online advertising and selling cross-border to consumers in other Member States – i.e. “geo-blocking”. The Commission’s announcement of its fining decision complements the Regulation 2018/302 on unjustified geo-blocking (the “Regulation”), which came into force […] Read more
December, 2018

Stanton Chase Talent Management Awards

Karanovic & Partners Wins The 2018 Stanton Chase Most Innovative Talent Programme Award

We are honoured and delighted to announce that Karanovic & Partners won the Stanton Chase Talent Management Award in the Most Innovative Locally Developed Talent Programme category. These prestigious accolades are organized by Stanton Chase, the leading international retained executive search and consulting firm and are now in their fifth year. The idea behind the Awards […] Read more
December, 2018

Karanovic & Partners advised Zijin Mining in the Acquisition of RTB Bor

Zijin Mining Officially Takes Over RTB Bor

Zijin Mining, one of China’s biggest gold producers and the second biggest producer of copper ore, became a major shareholder of the Serbia’s sole copper complex RTB Bor, officially taking over on 19 December 2018. The Chinese company pledged to invest USD 1.46 billion in return for a 63% stake. Karanovic & Partners advised Zijin […] Read more
December, 2018

IFLR 1000 2019 Rankings

Karanovic & Partners Ranked as a Top-Tier Law Firm by IFLR 1000

We are proud to announce that Karanovic & Partners has been once again recognized as a top-tier law firm on the 2019 IFLR 1000‘s ranking of leading legal practices. This legal directory covers more than 120 jurisdictions, with more than 14,000 ranked lawyers. IFLR 1000 focusses on ranking law firms and lawyers on the basis […] Read more
December, 2018

Data Protection News: Serbia

Serbia Enacts A New Data Protection Law

In light of the new EU data protection scheme, shaped by the GDPR, Serbia has enacted a new Data Protection Law on 9 November 2018, with its’ applicability postponed for 21 August 2019. The new law was long-awaited: it has been 10 years since the existing law was passed, which was even at that moment […] Read more
December, 2018

Karanovic & Partners Welcome Milena Jakšić Papac as its Newest Partner*

New Partner To Strengthen The Ranks Of Karanovic & Partners

Milena joined Karanovic & Partners 10 years ago, and she is the head of the Employment practice group. During her distinguished career, Milena has demonstrated professional excellence of the highest order and significantly contributed to strengthening our regional practice. Apart from her deep commitment to the firm, Milena is also active in several organizations, she is […] Read more
December, 2018

Energy and Natural Resources News: Serbia

Renewable Incentives In Serbia Remain Unchanged In 2019

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 (Decree) until the end of 2019. It was initially valid until the end of 2018. This means that new wind […] Read more
November, 2018

Karanovic & Partners Held the Yearly Conference on Competition and Data Protecti...

The 13th Traditional Conference On Competition Law And Data Protection

On 28 November 2018, Karanovic & Partners, together with the Friedrich Naumann Foundation for Freedom, held the Competition and Data Protection conference at the Hilton Belgrade hotel. This traditional yearly conference – now in its’ 13th year, gathered more than 120 experts from the business and legal community, as well as key regulators and stakeholders, to […] Read more
November, 2018

Karanovic & Partners Has Joined the World's Premier Global Network

Karanovic & Partners Joins Ius Laboris

We are proud to announce that Karanovic & Partners has joined Ius Laboris, the world’s premier global network of human resources law firms. The Employment practice of Karanovic & Partners in Serbia joined this prestigious organisation to reinforce its international HR advisory services for domestic and international companies. “The employment practice of Karanovic & Partners […] Read more
November, 2018

Karanović & Partners will change the Terms of Business as of 1 December 2018.

Karanovic & Partners To Implement New Terms Of Business

Karanović & Partners  will change the Terms of Business as of 1 December 2018. For all new engagements executed on 1 December and afterwards, these new Terms of Business will apply. The new Terms of Business will not be available on our website, but will be separately provided to each client. In case you need […] Read more
November, 2018

Karanovic & Partners advised Precision for Medicine

Precision For Medicine Acquires Argint International

Karanovic & Partners advised Precision for Medicine, part of the Precision Medicine Group, on its’ cross-border acquisition of Argint International. The transaction is part of Precision’s global growth plan, and the company’s European footprint now includes offices in Edinburgh, Paris, Berlin, Geneva, Budapest, Bucharest, Bratislava, and Belgrade. The Karanovic & Partners legal team was led […] Read more
October, 2018

Karanovic & Partners At The 2018 CEELM Balkan GC Summit

Digital Transformation of Legal Processes

Rastko Petaković, the managing partner at Karanović & Partners, held a presentation on the needs for a digital transformation of legal processes at the 2018 CEELM Balkan GC Summit. “The digital transformation didn’t really happen in the legal industry, because it only transformed the tools, rather than the processes“, said Mr. Petaković. “Changing the processes […] Read more
October, 2018

Karanovic & Partners at tha the Role of Experts Witnesses in the Judicial System...

The Role of Expert Witnesses in Serbia

The Ministry of Justice, World Bank and Multi Donor Trust Fund for Justice Sector Support in Serbia organized a conference regarding the role of expert witnesses in the judicial system and the changes which should be taken in order to improve the Law on Expert Witness. The expert witness has a key role in proceedings when specialized facts and complex […] Read more
October, 2018

Karanovic & Partners at AmCham's Round Table

New Amendments to the Serbian Law on Enforcement and Security

Karanovic & Partners had the opportunity to participate in AmCham’s round table and hear first-hand about the Amendments to the Serbian Law on Enforcement and Security (“Law“), as well as to discuss with the members of the Working Group of the Serbian Ministry of Justice the problems occurring in practice and their possible solutions. The novelties envisioned by the […] Read more
October, 2018

Tax News: Serbia

Serbia Starts to Apply MLI and Expands the DTT and SSC Network

Serbia signed a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI“). The MLI should prevent the abuse of domestic tax laws and double taxation treaties (“DTT“), and its provisions shall be accordingly incorporated into the current DTT signed by Serbia. Serbia signed a double tax treaty with […] Read more
October, 2018

CEE Legal Matters Interview with Ivana Dišović

The Buzz In Serbia

The interview with Ivana Dišović was published in Septembe 2018, by CEE Legal Matters.    “It is pretty quiet on the dispute resolution market, as hearings are not held in the summer,” says Ivana Disovic, Partner and attorney at law in cooperation with Karanovic & Nikolic. “In contrast, we see high activity in the M&A […] Read more
October, 2018

A New Series of Workshops in Cooperation with Serbian Universities

Student Workshop: The Law School for Startups

Responding to the great interest and turn-out after our workshop “The Law School for Startups” this spring, Karanovic & Partners is pleased to announce a new series of workshops. Organized in cooperation with universities across Serbia, this workshop will be held on different locations throughout this autumn. The students will have an opportunity to hear lawyers and […] Read more