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, […]
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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 […]
Read more Employment Business Breakfast
Employment Law Trends: Insights from Our Latest Business Breakfast
On 7 December, Karanović & Partners hosted their first employment business breakfast. Our Partner Milena Jakšić Papac, the head of the Employment team opened the event, offering an overview of the impending discussions covering the latest and most prominent topics in employment law. Senior Associates Milijana Tomić, Valentina Đorđić Mijatović, and Aleksandar Petrović delved into […]
Read more Tax News: Montenegro
Amendments to the Montenegrin Law on Corporate Income Tax (CIT Law)
In November 2023 the Government of Montenegro proposed amendments to the CIT Law (Proposal). Currently undergoing public debate, the Proposal is designed to bring the Montenegrin tax framework in line with EU tax legislation, particularly focusing on the EU Council’s Directive 2009/133/EC. This directive outlines a unified taxation system applicable to mergers, divisions, asset transfers, […]
Read more Insights from the Regional Workshop in Sarajevo
Unveiling Challenges in Competition Law Enforcement Across SEE Countries
On 28 November, competition law experts from Bosnia & Herzegovina, Croatia, and Serbia gathered at the Faculty of Law, University of Sarajevo, for a workshop addressing “Challenges to Competition Law Enforcement in SEE Countries”. The event was organized as part of the collaborative project Jean Monnet Center of Excellence and the South: East European Competition […]
Read more Serbian Retail Parks Agreement
BIG CEE and RC Europe Finalize Deal for NEST Obrenovac and NEST Kraljevo
BIG CEE and RC Europe have successfully concluded an agreement for the sale and purchase of two retail parks in Serbia – NEST Obrenovac and NEST Kraljevo. With a GLA of 11,000 m2, NEST Obrenovac, and NEST Kraljevo with a GLA of 9,500 m2, both boast a full occupancy rate of 100%. Our Senior Partner […]
Read more Serbia Hospitality Update
Preparing for EXPO 2027: Subsidies for the Hospitality Industry in Serbia
In efforts to revitalize the hospitality industry and boost tourism, the Serbian Government adopted changes to the Decree on Determining the Criteria for Granting Incentives to Attract Direct Investments in the Hotel Accommodation Services Sector (“Decree”). The Decree is aimed at stimulating the development of hotels and comes as a direct response to the growing […]
Read more Regional Tech Investments
EBRD Invests in M Plus Croatia
The European Bank for Reconstruction and Development (EBRD) has recently finalized an investment agreement with Croatia’s Mplus Group (Meritus ulaganja d.d.). The agreement outlines an investment of €60 million into M Plus Croatia d.o.o., a key subsidiary responsible for consolidating various businesses within the group’s business process outsourcing (BPO) segment. These services span across 57 […]
Read more North Macedonia: Coal-Free Initiative
North Macedonia’s Coal Exit: EBRD and World Bank Support a 3 Billion Euro Initiative to End Coal Dependency in North Macedonia
The European Bank for Reconstruction and Development (“EBRD”) and the World Bank are among the international financial institutions spearheading a 3-billion-euro plan to wean North Macedonia off its reliance on coal. The “Just Energy Transition Investment Program” (JET-P) plan follows the footsteps of several other countries in efforts to retire coal power plants, with the […]
Read more Data Science Summits in Belgrade
AI Horizons: Insights from Belgrade’s Data Science Conference
Our Senior Associate Nikola Kliska recently attended the Data Science Conference in Belgrade on 21 and 22 November 2023. Prior to the conference, the Data and AI Summit took place., where representatives from Microsoft, Revian, and numerous data, AI, and ethics advisors shared their views through table topics. Most AI enthusiasts concluded that artificial intelligence […]
Read more BIG CEE Secures an EBRD Loan
District Center doo Beograd and PKS-LATEX-HLC doo Čačak Signs Debt Package with EBRD
BIG CEE B.V. has signed a debt package of up to EUR 100 million with the European Bank for Reconstruction and Development (EBRD), for boosting the development of green commercial real estate in the Western Balkans. The initial projects that will be financed include a EUR 27.6 million loan, given to District Center doo Beograd […]
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