Newsroom

February, 2019

CEE Legal Matters Deal of the Year Award 2019

Karanovic & Partners Shortlisted With 5 Deals for Deal of the Year Award

After winning the Deal of the Year Award in 2018, Karanovic & Partners is this year once again in the finals for this prestigious accolade – this time with 5 deals and in 5 jurisdictions. Organized by the renowned CEE Legal Matters magazine, these awards are a way of recognizing the biggest and most important deals […]

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January, 2019

Data Protection News

GDPR Breach: Google Fined EUR 50 Million

The US tech giant, Google is finned EUR 50 million by France’s data protection regulator, CNIL, for failing to comply with its General Data Protection Regulation (GDPR) obligations. This is the biggest GDPR fine yet to be issued by a European regulator and the first time that one of the tech giants has been found […]

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January, 2019

Karanovic & Partners Supported a Major IT Transaction

Epic Games Acquires 3Lateral

Karanovic & Partners is proud to support Epic Games in their acquisition of 3Lateral, the leading developer of digital humans technology and creative content. Our team was led by Senior Partner Marjan Poljak, Partner ⃰ Ivan Nonković and Associate ⃰ Marko Ćulafić.   ⃰ Independent attorney at law in cooperation with Karanović & Partners.

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January, 2019

New Generation of Senior Associates Announced

Karanovic & Partners Promotes New Senior Associates

Karanović & Partners is pleased to announce that Milorad Gajić, Andrej Jelenković, Mina Srećković, Amina Đugum and Lejla Popara, have been named Senior Associates.* These talented individuals have established themselves as key members of our team, and their promotion reflects their professionalism, as well as exemplary service to clients. “It is a privilege to see these young lawyers […]

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January, 2019

Energy amd Natural Resources News: Macedonia

Stricter Rules For Awarding New Exploitation Concessions in Macedonia

After a long, complex and nation-wide discussion, on 9 January 2019, the Macedonian Parliament introduced stricter rules for obtaining exploitation concessions. Effective immediately, the novelties from the Minerals Law target potentially new mines, and they came as a result of the broad interest shown during the last couple of years concerning the environmental effects of the mining […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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December, 2018

Legislation Update: 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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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