Newsroom

February, 2020

Introducing the GDPR into the local regulatory framework

In the Data Protection Crosshairs: New Legislation in North Macedonia

After more than two years of preparations, public debates and consultations between different stakeholders, the Parliament of North Macedonia passed the new Law on Personal Data Protection (“Law”) on 16 February 2020. This game-changing piece of legislation introduces the GDPR in the local regulatory framework and it is already in force as of 24 February […]

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February, 2020

Embracing the changes

Briefing on the New Labour Law in Montenegro

Karanovic & Partners, in cooperation with local lawyers, held a briefing on the novelties of the new Labour law (Law) in Montenegro, focusing closely on the new obligations proposed for the employers. The event was held on 24 February and was attended by the clients. The main reason for the adoption of the Law was […]

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February, 2020

Chambers Global Guide 2020

Karanovic & Partners Ranks as Leading Law Firm in Chambers Global Guide 2020

We are proud to announce that Karanovic & Partners has been top-ranked once again on the most recent Chambers Global leading law firm listing. The 2020 Chambers Global Guide highlights the Corporate & Commercial Group in the jurisdiction of Serbia as belonging to Band 1. Managing Partner Dragan Karanović has been ranked as Band 1, […]

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February, 2020

Changes on the Horizon

Serbia: Rebranding the Trademark Law

Serbia recently reworked its Law on Trademarks, coming into force on 1 February 2020. What has changed? In local parlance: “Everything and nothing”. The changes are not extensive, but concern key features of the local trademark rules: Oppositions The new law introduced an opposition system, as an auxiliary system to the existing framework. Per previous […]

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February, 2020

The Impact of MDR

Is the Market for Medical Devices in Slovenia and Within the EU Becoming More Significant?

This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine. The significance of medical devices is most certainly on the rise, considering not only its importance to patients, for whom medical devices represent life-enhancing products, but also developments in innovation, economics, and in the regulatory and legal sphere. Issues such as data […]

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February, 2020

Backer AB Acquires shares in Elektrotermija

Karanovic & Partners Advises Backer AB in Elektrotermija Transaction

Karanovic & Partners advised the Swedish company Backer AB, part of NIBE group, in the acquisition of shares in Elektrotermija transaction. Our scope of work consisted of performing due diligence of Elektrotermija, drafting and negotiating of transactional documentation, structuring the transaction, as well as all-encompassing legal advisory regarding post-closing activities for Backer AB. The core […]

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February, 2020

The Position of the Supreme Court

Mortgage Extension with Special Reference to the Montenegrin Supreme Court’s Legal Position

This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine. Claims from Loan Agreements are generally secured by establishing a mortgage over a certain property on the basis of a Mortgage Agreement or a Pledge Statement. Establishing a mortgage over the land for the purpose of securing a contractual claim for land […]

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February, 2020

Two Perspectives

Lawyering in an Age of Transformation

This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine.  Concerns about how the legal profession will be impacted by the ongoing technological revolution are rampant across the industry. Artificial intelligence, distributed ledger technology (blockchain), and robots, among other things, are already altering the way lawyers serve clients in fundamental ways, and […]

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February, 2020

The Future is Now

Winning with Integrity in the Western Balkans

In 2018, the Western Balkans had a population of approximately 21.5 million, an aggregate GDP of around EUR 230 billion, and an average growth rate of 3.8%. Although the countries of the Western Balkans share the same history, and to a large extent the same language, there is more variety when it comes to political […]

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February, 2020

Karanovic & Partners announces the new Managing Partner

Dragan Karanovic Appointed as the New Managing Partner

Karanovic & Partners is pleased to announce the appointment of Dragan Karanovic as the new managing partner of the firm. Founding partner of the firm takes over the leading position from Rastko Petaković who served as managing partner for the past 3 years. Dragan will be assisted and supported by senior partner Darko Jovanović while […]

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January, 2020

As of 30 January

Revolution in Data Transfer Rules to non-European Countries

The Commissioner for Information of Public Importance and Personal Data Protection (“Commissioner”) issued the Standard Contractual Clauses (“SCCs”) applicable to the relationship between the Serbian data controllers and non-European data processors which will enter into force on 30 January 2020. The Commissioner’s decision comes five months after the new Law on Data Protection became applicable […]

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January, 2020

Legislation Update - Slovenia

Additional Legal Protection in Public Procurement Procedures

The National Assembly of the Republic of Slovenia adopted an amendment to the Legal Protection in Public Procurement Procedures Act (“Amended Act”) which came into effect on 19 December 2019, apart from Article 39.a, governing the newly introduced administrative dispute, which will be effective as of 1 January 2021. The amendment represents a step towards […]

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January, 2020

Official Statement

Forcing Out Competitors and Market Division: Waste Management Cartel in Slovenia

On 21 January 2020, the Slovenian Competition Agency (the “Agency”) published an official statement regarding its recent decision establishing that companies Surovina, Dinos, Salomon and Recikel (hereinafter: the “Parties”) colluded to eliminate a competitor and to divide the waste management market in Slovenia.   The markets concerned include the downward market of packaging waste management […]

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January, 2020

Legislation Update

Significant Novelties and Legal Solutions of the new Labor Law in Montenegro

The new Labour Law of Montenegro (the “Law”) was published in the Official Gazette of Montenegro no. 74/2019 on December 30, 2019, and entered into force on January 7, 2020, whereas the Labor Law (“Official Gazette of Montenegro”, nos. 49/08, 59/11, 66/12, 31/2014 and 4/18) ceased to apply. Significant novelties prescribed by the new Law […]

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January, 2020

Legislation Update

Law on Strategic Investments adopted in North Macedonia

The purpose of the recently adopted Law for Strategic Investments (“Law”) which is in line with the directives of the European Union, is to encourage, attract and create conditions for conducting strategic investments. This Law should encourage economic growth, employment and use of new technologies and innovations, increasing the competitive economic opportunities of North Macedonia, […]

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January, 2020

What do the reforms bring

Amendments to Tax Laws in the Region

Tax laws in Serbia were amended at the end of 2019 and entered into force 2020, with the most significant change affecting the status of entrepreneurs. Significant amendments to tax laws were also made in North Macedonia and Slovenia. Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base […]

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December, 2019

Fresh Changes

Amendments to the Serbian Company Law Enacted

The National Assembly of the Republic of Serbia enacted amendments to the Company law on 23 December 2019. The amendments enable limited liability companies to use the concept which resembles stock option schemes. Limited liability companies (by far the most frequent company form in Serbia) will be able to incentivize their employees and other individuals […]

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December, 2019

Strongest Commitment for Talent Management

Karanovic & Partners Wins The 2019 Stanton Chase Award

We are honoured to announce that Karanović & Partners has been chosen as the winner of this year’s Stanton Chase award for Strongest Commitment for Talent Management. This is the second year in a row that we are winning this prestigious accolade – Karanović & Partners won its first Stanton Chase Talent Management Award in […]

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December, 2019

New appointments in the Commission for State Aid Control

New President and Council Members for the Commission for State Aid Control

Not long after adopting the new Law on State Aid, the National Assembly of the Republic of Serbia appointed the President and four council-members of the Serbian Commission for State Aid Control (“CSAC”). State aid control in Serbia has been identified as an area that requires significant and priority improvement in EU accession, as the […]

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December, 2019

New Framework

Germany Pioneering in Digital Antitrust Law Regulation

The German Ministry of Economy and Energy published a new and ambitious draft of the Law on Digitalisation of German Competition Law (the “Law”), expected to enter into force in the second half of 2020. Germany aims to remain a forerunner of antitrust regulation of digital markets by introducing this “digital antitrust law” and by […]

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2020