Legislation Update: North Macedonia
News from North Macedonia: President decided against signing the Proclamation on the Amendments of the Law on Games of Chance
On 13 February 2024, the President of North Macedonia (“President”) announced that he decided against signing the Proclamation for the Promulgation of the Law on Amending and Supplementing the Law on Games of Chance and Entertainment Games (“Proclamation”), which the Assembly of North Macedonia (“Assembly”) adopted at the session held on 7 February 2024. The […]
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k/ AI issue
AI, Big Data and Privacy: (Fr)enemies?
Once considered a dystopian concept, artificial intelligence and big data swiftly settled down in everyday lives of many. As all great technological developments always come hand in hand with significant legislative changes, or at least attempts thereof, this case is no exception. Innovation typically tends to collide with concerns, leading to intense talks and negotiations […]
Read more Navigating FX Reportings in Serbia
Reporting on FX Operations in Serbia: Common Mistakes Leading to Misdemeanour Liability
Under the Serbian Law on Foreign Exchange Operations and its accompanying bylaws, Serbian residents have various reporting obligations towards the National Bank of Serbia (“NBS”), which is competent for controlling foreign exchange (“FX”) operations of residents and non-residents. It is not rare in practice that companies operating in Serbia are not aware of (all) such […]
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Enforcement Activities of the Largest Competition Regulators in AI
Effective enforcement of competition rules in the AI world is on the horizon. Competition regulators around the world are closely monitoring the advancement of AI and the competitive landscape across various facets of AI. The European Union has invested significant efforts in regulating AI and creating the landmark EU AI Act. The relevant institutions have […]
Read more Legislation Update: Slovenia
Changes of the VALUE ADDED TAX ACT (ZDDV-1) in Slovenia from 1 January 2024
In a recent update to the VAT Act in Slovenia, notable amendments have been introduced, particularly focusing on services in the public interest. Article 42(1)(5) of the VAT Act has changed, emphasizing VAT exemptions exclusively for services provided within activities deemed in the public interest. The amendment concerns exempt services in the public interest, as […]
Read more Legislation Update: Albania
Albania Implementing New Income Tax Law
Albania has officially implemented law no. 29/2023, dated 30.03.2023 “On Income Tax”, effective starting from 1 January 2024; repealing and replacing law no. 8438, dated 28.12.1998 “On Income Tax”, as amended. Despite successive amendments over the years, law no. 8438 is deemed outdated and inadequate in addressing the contemporary principles and methodologies associated with personal […]
Read more Balkan Experts on Green Agenda
Karanović & Partners at the Balkan Solar Summit 2024
Balkan Solar Summit 2024, one of the leading conferences in the Balkans, dedicated to the promotion of green energy and environmental protection, took place in Banja Luka on 8 and 9 February. It was aimed at connecting key industry players, and business and political leaders to share their visions and experiences. The event was opened […]
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Competition for AI Inputs and Resources
The transformative potential of generative AI extends across various industries, reshaping the way we live and work. These changes will unfold rapidly, exerting a significant impact on competition and consumers. Consequently, there is a pressing need to proactively monitor and regulate these changes from the outset, employing the most effective regulatory frameworks. The development of […]
Read more Legislation Update in North Macedonia
Significant Amendments to the Law on Games of Chance and Entertainment Games Adopted in North Macedonia
On 7 February 2024, the Assembly of North Macedonia adopted a sizeable number of amendments to the Law on Games of Chance and Entertainment Games (“Law”). One of the key amendments of the Law relates to all venues which host gambling activities such as betting shops, slot machine clubs, indoor raffles, and electronic games, which […]
Read more Tax News: Montenegro
Montenegro Adopts Amendments on the Law on Corporate Income Tax (CIT Law)
On 29 December 2023, the National Assembly of Montenegro adopted amendments to the CIT Law (Amendments). Amendments came into force on 1 January 2024. These Amendments bring the Montenegrin tax framework in line with EU tax legislation, particularly focusing on the EU Council’s Directive 2009/133/EC, which outlines a unified taxation system applicable to mergers, divisions, […]
Read more New Senior Partner Announcement
Karanović & Partners Promotes New Senior Partner
Karanović & Partners is pleased to announce that Miloš Jakovljević has been promoted to Senior Partner. Having graduated in 2004, Miloš started his professional path at the Commercial Court in Belgrade. He joined our Corporate & Commercial Practice Group in 2008, establishing himself as a vital member of our team. His expertise lies in M&As, […]
Read more Karanović & Partners Announces New Managing Partner
Miloš Vučković Appointed as the New Managing Partner
Karanović & Partners is pleased to announce the appointment of Miloš Vučković as the new Managing Partner. He will be taking over the leadership position from Darko Jovanović, who has served as the Managing Partner for the past two years. With an extensive 27-year tenure within the firm, Miloš has vast experience in advising clients […]
Read more Competition Update in Serbia: Bid-Rigging Resolved
Serbian Competition Commission Closes the Bid-Rigging Investigation with Sanctions
By its decision dated 29 December 2023, the Serbian Competition Commission determined that the companies KTG Solucije and Eco Sense from the town of Subotica (in Serbia) entered into a restrictive agreement by colluding in public procurement procedures (i.e., bid rigging). The Commission opened this investigation in May 2023 based on a complaint and following […]
Read more Lecture Series on Digital Property Law
Karanović & Partners Engages in Digital Property Course within Studies for Knowledge Innovation at the Faculty of Law
Our Partner Maja Jovančević Šetka recently served as a visiting lecturer at the Studies for Knowledge Innovation, contributing to the course on digital property law. During her engaging lecture, she delved into the topic of the “Use of Virtual Currencies (Cryptocurrency) in Business,” providing insights from practice to post-graduate attendees consisting mainly of attorneys, consultants, […]
Read more Enforcement Activities of the Competition Agency in Montenegro
Montenegrin Competition Agency Finds a Restrictive Agreement by Object on the Market of Services Provided by Tourist Agencies
On 28 December 2023, the Agency for the Protection of Competition of Montenegro (the “Agency”) adopted a decision regarding its finding that the pricelist adopted by the Association of Tourist Agencies of Montenegro (the “Association”) concerning services provided by the tourist agencies amounts to a restrictive agreement by object under the Montenegrin Competition Law. In […]
Read more Legislation Update in Albania
Albania Proposes New Legislation on Trademarks and Patents
Albania is currently contemplating the revision of its existing legislation on industrial property currently regulated by one single law i.e., Law no. 9947, dated 7.7.2008 “On Industrial Property”, as amended. The existing law governs all domains of industrial property and business secrets, including patents of invention, utility models, trademarks, industrial designs, and geographical indications. In […]
Read more Business Breakfast in Skopje
Rules of the Road: Navigating Business Compliance in North Macedonia
On 26 December, Karanovic & Partners in cooperation with local lawyers hosted their first business breakfast in Skopje. Our colleague, Ljupka Noveska Andonova, an independent Attorney at Law in cooperation with Karanovic & Partners, opened the event by welcoming the attendees and providing an overview of the upcoming discussions covering the most recent and prominent […]
Read more New Energy Legislation
North Macedonia’s Renewable Energy Surge: New Laws Intend to Harmonize National Legislation with EU’s Energy Standards
In an effort to harmonize the national legislation with the European Union’s Clean Energy Package, the Ministry of Economy of North Macedonia announced the drafts for a new Law on Energy and the Law on Renewable Energy Sources. North Macedonia’s significant growth in solar power capacity has led to an increase in the newly installed […]
Read more M&A Transaction in Serbia
Döhler Expands Global Presence with Acquisition of Frikos
Döhler, a leading global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the food, beverage and life science & nutrition industry acquires Frikos, a Serbian company renowned for its expertise in premium quality freeze-dried fruits. The Karanovic & Partners team, led by Senior Partner Dragan Karanović, Senior Associate Sava […]
Read more Litigation Trends and AI Integration in Legal Practice
Legal Horizons Explored: Karanović & Partners at Berlin Group WSG Meetings
Our Senior Associate, Andrej Jelenković, participated in the Berlin Group WSG meetings hosted by Kocián Šolc Balaštík Law Firm in Prague on 7 and 8 December. The group, comprised of litigation lawyers from various European countries, engaged in discussions regarding the latest developments in litigation. A key focus was on the regulatory changes in class […]
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