Newsroom

March, 2019

Karanovic & Partners Victorious in Two Jurisdictions

Two CEELM Deal of the Year Awards in 2019

We are pleased to announce that Karanovic & Partners, in cooperation with local lawyers, won two Deal of the Year awards – ArcelorMittal Zenica, Finnish Fund for Industrial Development, KPA Unicon Oy, and City of Zenica PPP in Bosnia and Herzegovina and for PPF’s Acquisition of Telenor’s Telecom Business in Montenegro. Awarded by the renowned […]

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March, 2019

Banking and Finance News: Serbia

The Door to Employee Share Schemes in Serbia Finally Opened?

There are certain new developments related to employee share schemes (“ESS”) in Serbia that could finally lead to enabling of application of foreign companies’ ESS to Serbian employees as well. Foreign companies commonly expressed interest to offer some form of ESS to the employees engaged in their subsidiaries in Serbia, allowing them to profit of […]

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March, 2019

Conference organized by the Association of Serbian Banks

Banking between Mediation and Digitalization

On 14 and 15 March, Karanovic & Partners participated at the Banking between Mediation and Digitalization conference, organized by the Association of Serbian Banks. The event concerned itself with mediation as a form of dispute resolution, as well as other burning topics in banking, with the idea of opening the way for emerging innovative technologies […]

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March, 2019

Karanovic & Partners organizes a Presentation

The New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask

On 21 March, Karanovic & Partners held the “New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask” presentation at our Belgrade office. The event was attended by over 70 representatives from leading Serbian companies, as well as legal and HR professionals. Partner* Goran Radošević and Senior Associates* Sanja […]

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March, 2019

Slovenia - Latest Amendments to the Tax Legislation

Slovenian Tax Consultants Should Report Cross-border Arrangements from 2020

The proposed amendment to the Slovenian Tax Procedure Act, implementing the Directive 2018/22 on the automatic exchange of information, sets out new rules for reporting on information related to certain cross-border arrangements of the companies to the Financial Administration of the Republic of Slovenia (“FURS”). According to the proposed amendments, Slovenian tax consultants or companies […]

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March, 2019

Serbia - Latest Amendments to the Tax Legislation

Arm’s Length Interest Rates for 2019 Published

The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued. Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows: 4.98% for short term loans in RSD, 5.69% […]

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March, 2019

 

North Macedonia: Latest Amendments to the Tax Legislation

New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 1 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides a tax rate of 10%, the new PIT Law envisages a tax rate of 18% and 15%, applicable to different types of income. Тhe PIT […]

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March, 2019

Montenegro - Latest Amendments to the Tax Legislation

Customs Regulations Mainly Related to Transit Procedures Amended

In January 2019, a new Regulation for the Implementation of the Customs Law in Montenegro (“Regulation”) has entered into force. The most significant changes relate to transit under TIR and ATA carnets. There is a new strict method of conducting the movement check for such goods, documents that should be provided to the customs authorities […]

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March, 2019

Croatia - Latest Amendments to the Tax Legislation

Contribution Regulation for Company Managers

Under the new Contributions Act, mandatory insurance now covers management board members, executive directors and liquidators in companies, unless they have mandatory insurance on another basis. When appointed to those functions (even when not employed), they are obliged to pay contributions on a monthly basis. This obligation includes contributions for pension insurance and an increased […]

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March, 2019

Bosnia and Herzegovina - Latest Amendments to the Tax Legislation

New Property Transfer Tax Law

As of 1 January 2019, a new Property Transfer Tax Law is applicable for the transfer of property in the capital of Bosnia and Herzegovina, Sarajevo, and the entire Sarajevo Canton (published in the Official Gazette of the Sarajevo Canton no. 28/18). The new law regulates tax issues on real estate transfers, as well as […]

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March, 2019

Law Firm of the Year for Eastern Europe and the Balkans

Karanovic & Partners wins the Law Firm of the Year Award

We are proud to announce that Karanovic & Partners is the 2019 winner of the prestigious Law Firm of the Year award, in the Eastern Europe and the Balkans category. This is the third time that Karanovic & Partners is selected among some of the best law firms in Europe to take home this renowned […]

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March, 2019

This article was originally published by the Business Coaching magazine, issue N...

The Development of a Coaching Culture

Lawyers are generally thought of as intelligent, ambitious, talented and argumentative people – when we imagine a successful lawyer, we think of an assertive, independent person often complemented with a healthy ego. They are people with huge responsibilities and, often, under a lot of pressure. Considering the very nature of the practice of law, one […]

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March, 2019

Bosnia and Herzegovina

Abolishing Subsidies for Wind Power Plants in the Republic of Srpska

The National Assembly of the Republic of Srpska adopted the Law on the amendments to the Law on Renewable Energy Sources and Efficient Cogeneration (Law) in an urgent procedure, abolishing subsidies for the production of electricity from wind power plants in the Republic of Srpska. The Law will enter into force eight days after its […]

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March, 2019

Traditional student workshop at the Belgrade Faculty of Law

Managing Emotions in Labour Disputes – More than Law

Karanovic & Partners is pleased to invite you to our traditional student workshop “Managing Emotions in Labour Disputes – More than Law”, organized with the University of Belgrade, Faculty of Law. Labour disputes, due to their legal complexity, often include a number of existential, social or very personal issues and problems. In situations like that, […]

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March, 2019

Karanovic & Partners ranked by top legal directory

A Leading Law Firm in Chambers Europe 2019

We are pleased to announce that Karanovic & Partners is once again listed on the top of the most recent list of the best law firm in Europe by the prestigious Chambers Europe 2019. Clients, commenting on the firm, say that Karanovic & Partners knows how to bridge the gap and protect your interests as […]

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February, 2019

This interview was originally published by CEE Legal Matters

The Buzz in Serbia: Interview with Ivan Nonkovic

“Two major things are happening right now which are the focus of our practice: The Tech Industry and Chinese Investors,” says Ivan Nonkovic, Partner and independent attorney at law in cooperation with Karanovic & Partners in Belgrade. “Both things are happening all over the region,” he concedes, ”so not exclusively in Serbia, but they’re definitely […]

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February, 2019

This Article was originally published in Issue 5.9 of the CEE Legal Matters Maga...

Designing a Competition Enforcement System

It is not uncommon for post-communist societies to wrestle with the idea of competition enforcement. Executives of a more old-school bent are often confounded by having something which once was common market practice, sometimes even mandated by the state, now scrutinized and considered a serious infringement of law. This is why competition advocacy is a […]

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February, 2019

Karanovic & Partners advises renowned Czech investment group in latest transacti...

It’s Official: PPF Group acquires Telenor Banka

After obtaining the necessary regulatory approval from the National Bank of Serbia, PPF Group acquired Telenor Banka, the first fully mobile and online bank operating in Serbia. Having advised PPF Group on the EUR 2.8 billion acquisition of Telenor’s assets in Central and Eastern Europe, the Karanovic & Partners legal team – led by partner […]

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February, 2019

The acquisition of one of the most recognisable brands in Serbia

Mid Europa Partners sells Bambi to Coca-Cola HBC

Coca-Cola HBC announced the agreement to acquire Bambi, the leading Serbian biscuit and confectionary maker, from Mid Europa Partners, the leading private equity investor in Central and Eastern Europe. Karanovic & Partners, working together with White & Case and KPMG, advised Mid Europa Partners in this transaction – which is now subject to customary competition […]

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February, 2019

Leading law firm listings

Top Ranked in the 2019 Chambers Global Guide

We are proud to announce that Karanovic & Partners has once again been top-ranked on the most recent Chambers Global leading law firm listing. The 2019 Chambers Global guide highlights the Corporate & Commercial practice group in the jurisdictions of Montenegro and Serbia as belonging to band 1. Founding partner Dragan Karanović – whom clients […]

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