Newsroom

May, 2020

COVID-19 Serbia Update

Serbian Parliament Terminates State of Emergency – Impact on Deadlines Before the Competition Commission

The Serbian Parliament terminated the state of emergency on 6 May 2020, following the flattening of the epidemic curve and the creation of conditions for the gradual attainment of collective immunity. Since the introduction of the state of emergency, the Serbian Government issued 44 regulations that were aimed at combating the COVID-19 crisis, including the […]

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May, 2020

COVID-19 Serbia Update

Back to Life – Back to Reality

After almost two months, the state of emergency instituted because of the COVID-19 outbreak was revoked in the Republic of Serbia on 6 May 2020. Unlike the Decision on declaration a state of emergency from 15 March 2020, the Decision on revoking the state of emergency was adopted by the National Assembly. The Decision determined […]

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May, 2020

New Ways

Open Day for Students and Recent Graduates Held Online for the First Time

This Article was written by the Head of Learning & Development, Ivana Karanović. After the usual busy start of the year packed with on-going projects and plans for the future ones, COVID-19 lead to a major break-off in March. We had to take a pause, slow down, and start finding ways to adjust. The outbreak […]

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May, 2020

Competition Overview

The Impact of COVID-19 on Submissions, Deadlines and Decision-Making of Competition Authorities in the West Balkans

Last Updated on 4 May 2020, 15:00 CET Country Submissions Deadlines Decisions Expected delays Albania All submissions: via post or electronically Deadlines are applicable and the parties can be sanctioned for a late submission.   No suspension of issuance of decisions so far.   Delays in review and decision making should be expected. Bosnia and […]

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May, 2020

Much Needed Change

Serbia Adopts New By-Laws Regarding Investment Funds

The Serbian Securities Commission (“Commission”) enacted a series of by-laws regulating open and alternative investment funds as well as other relevant issues regarding the issuance of an investment prospectus. The by-laws will enter into force on 5 May 2020. These by-laws were much needed as the Law on Alternative Investment Funds and Law on Open […]

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May, 2020

Ongoing Reforms

Expedited Liquidation Procedure in the Republic of Srpska

This Article was originally published in Issue 7.2 of the CEE Legal Matters Magazine. The Republic of Srpska’s much-anticipated Law on Liquidation Procedure (the “Law”) entered into force in October 2019. The Law was adopted three years after the reform of the Republic of Srpska’s bankruptcy procedure and is part of ongoing reforms targeted at cutting […]

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April, 2020

COVID-19 Slovenia Update

Slovenia Amends Two “Anti-Corona” Acts

On 28 April 2020, the Slovenian National Assembly adopted the Amendment of the Anti-Corona Act[1] and the Amendment of the Judicial Measures Act[2]. Both amending acts are expected to enter into force shortly. The Amendment of the Anti-Corona Act introduces the following changes to the existing package of intervention measures for employers: Cap on State […]

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April, 2020

IFC/City of Belgrade Waste Management PPP

Karanovic & Partners Wins IFLR Europe Deal of the Year Award

Karanovic & Partners is pleased to announce that we have been awarded the IFLR Europe’s Deal of the Year Award 2020 for our role in advising 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 […]

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April, 2020

COVID-19 Bosnia and Herzegovina Update

E-Signature in Bosnia and Herzegovina

This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in Bosnia and Herzegovina. Legal framework Electronic signature has been introduced on the state level in Bosnia and Herzegovina (“BH”) in 2006 with the Law on Electronic Signature (“BH Law”). Due to lack of pre-conditions for implementation […]

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April, 2020

COVID-19 Montenegro Update

E-Signature in Montenegro

This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in Montenegro. Legal framework In Montenegro, electronic signatures are regulated by the Law on Electronic Identification and Electronic Signature (Montenegrin Zakon o elektronskoj identifikaciji i elektronskom potpisu; “ZEIEP”). Electronic signature is a set of data in electronic […]

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April, 2020

COVID-19 Update Montenegro

Montenegrin Courts Preparing the Return to Work

In order to prevent the spread of COVID-19 and to protect the health of citizens, the Supreme Court of Montenegro has introduced a special work regime of all Montenegrin courts. This special work regime of courts was introduced on 16 March 2019 and will probably last until 25 May 2020. Courts in Montenegro have been […]

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April, 2020

COVID-19 Serbia Update

Extended Deadline for Tax Exemptions Application for Newly Engaged Employees

The Government of the Republic of Serbia issued the decree on the extension of the deadline for local companies that employ new individuals on 24 April 2020, in order to prolong their possibility to apply for tax exemptions introduced at the end of last year. Originally, local companies that decided to enter into employment agreements […]

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April, 2020

COVID-19 North Macedonia Update

E-Signature in North Macedonia

This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in North Macedonia. Legal framework In the Republic of North Macedonia, electronic signatures are regulated by the Law on Data in Electronic Form and Electronic Signature (Macedonian Закон за податоците во електронски облик и електронски потпис; “Current […]

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April, 2020

COVID-19 Serbia Update

E-Signature in Serbia

This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in Serbia. Legal framework In the Republic of Serbia, electronic signatures are regulated by the Law on Electronic Document, Electronic Identification and Trust Services in Electronic Business (Serbian Zakon o elektronskom dokumentu, elektronskoj identifikaciji i uslugama od […]

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April, 2020

COVID-19 Croatia Update

E-Signature in Croatia

This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in Croatia. Legal framework In the Republic of Croatia, electronic signatures are regulated by the Regulation (EU) No 910/2014 on electronic identification and trust services for electronic transactions in the internal market (“eIDAS Regulation”), together with the […]

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April, 2020

COVID-19 Slovenia Update

E-Signature in Slovenia

The health situation and restrictive measures worldwide have (somehow unexpectedly) required businesses in most industries to adapt and operate in a remote work environment. This abrupt change in a day-to-day business has heightened the importance and advantage of using electronic signatures, in contrast to traditional wet ink signatures. This is the first in a series of […]

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April, 2020

New Horizons

Karanovic & Partners Holds a Webinar on the Measures to Support the Serbian Economy during the COVID-19 Outbreak

Karanovic & Partners held a live webinar for the first time on 22 April 2020 on the topic of the measures introduced by the Serbian Government in order to curb the impact of the COVID-19 outbreak on the economy. The webinar was visited by a large number of people, who had the opportunity to hear […]

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April, 2020

COVID-19 Serbia Update

New COVID-19 State Guarantee Scheme for EUR 2 Billion Loans

Last Updated on 19 April 2020, 10:00 CET As part of a package of economic measures worth EUR 5.1 billion, the Serbian Government adopted a decree on 16 April 2020 establishing a guarantee scheme for loans to be provided by local banks to businesses to reduce the effects of the COVID-19 pandemic (the “COVID-19 Guarantee […]

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April, 2020

COVID-19 Merger Control Overview

The Impact of COVID-19 Outbreak on Merger Control Matters in Western Balkans

Last Updated on 17 April 2020, 15:00 CET The COVID-19 pandemic has been heavily affecting economies and countries across the globe. In such circumstances, ensuring the undisturbed work of the competition authorities is difficult, but important in order to soften the impact of the pandemic on businesses and market competition. Changes in behaviour have been […]

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April, 2020

COVID-19 Force Majeure Overview

Overview of Force Majeure Rules in the SEE Region in Times of COVID-19 Outbreak

Karanović & Partners is pleased to present an overview of the force majeure rules in six countries of the SEE region. The pandemic, and consequently the numerous restrictive measures imposed by the governments caused significant distortions to businesses and their ability to perform the contractual obligations. Among a number of other implications, the situation has […]

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2020