Deadline for Electronic Registration
Last Call for Registration to E-Government Services
In accordance with the 2021 amendments to the Law on Companies, delivery of electronic documents to Serbian companies shall be performed to the registered mail on the e-government portal (eUprava). All companies should register on eUprava’s website (https://euprava.gov.rs/) no later than today, 26 May 2023 – the registration procedure is rather straightforward and can be […]
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Competition Law Events
Business Breakfast on Competition Law Updates and Novelties in Practice
On 25 May 2023, Karanovic & Partners had the pleasure to organise a business breakfast, dedicated to the competition law. Our Partners Bojan Vučković and Bojana Miljanović Hussey held the panel on the novelties in the Serbian competition law practice. The opening topic was related to the increased activity of the Commission for Protection of […]
Read more Albania Legal Update
Lights, Camera, Cannabis: Jim Belushi’s Documentary Explores Cannabis Legalization in Albania
American actor Jim Belushi met with the Albanian Prime Minister Edi Rama to discuss the Albanian government’s initiative to legalize cannabis and the possibilities of exporting this product for medical purposes. In the season finale of the documentary series “Growing Belushi” (which aired on 10 May 2023), Prime Minister Rama outlines how his government is […]
Read more Istrian Y Update
Croatia Extends Concession to Bina-Istra to Finalize the Construction of Istrian Y Motorway
On 10 May, the Croatian government signed an amendment to the concession agreement with the concessionaire Bina-Istra d.d. to finalize the construction of the Istrian Y motorway. It is the key infrastructure for the development of tourism and economy in Istria, connecting Pula with Umag and Rijeka. This amendment provides for the extension of the […]
Read more EU Lessons for the Western Balkans Competition Law: Analysis
Below-Threshold Transactions under Scrutiny in the European Union, any Lessons for the Region?
Authors: Bojana Miljanović Hussey, Jovana Đorđević On 16 March 2023, the Court of Justice of the European Union (“ECJ”) published its judgment on Towercast’s appeal against the French Competition Authority’s decision in Towercast’s case (Case No. C-449/21), confirming that abuse of dominance rules may equally apply ex post to transactions in which national and EU […]
Read more How to Strategize First Instance Litigation
Karanović & Partners Continues the Series of Workshops at the Faculty of Law
A workshop titled “How to Strategize First Instance Litigation” was organized by Karanović & Partners on 9 May in collaboration with the Faculty of Law at the University of Belgrade. The event was designed for undergraduate and master’s law students as part of the Case Study course. During the workshop, Senior Associate Filip Šušulić and […]
Read more Energy Transition in SEE: Belgrade Energy Forum 2023
Petar Mitrović at Belgrade Energy Forum 2023
Belgrade Energy Forum 2023 was held on 8 and 9 May, with the aim to bring together leaders of the energy sector in Southeast Europe – decision-makers, power utilities, investors, financial institutions, consulting firms, technology providers, and non-governmental organisations – to discuss the perspectives of green energy in the region. Our Partner Petar Mitrović moderated […]
Read more Competition Law in Bosnia and Herzegovina
Karanović & Partners at the Competition Law Roundtable in Sarajevo
On 25 April, a round table entitled “Competition Law in Bosnia and Herzegovina – Legal and Institutional Aspect” was held in Sarajevo, and Karanovic & Partners partnered up with the Faculty of Law, University of Sarajevo, to organise it. Our Senior Associate Nihad Odobašić participated in the event, along with Dr. Samir Sabljica, Head of […]
Read more Serbian Automotive Industry Update
OMR Group Announces the Acquisition of FCA Serbia Distribution Business
Stellantis, a global carmaker and provider of innovative mobility solutions, and its Serbian subsidiary FCA Serbia signed an agreement with OMR Group, a Serbian automotive, insurance, leasing, fleet management and real estate group of companies, by which OMR Group intends to acquire distribution business of FCA Serbia in Serbia and Montenegro. The distribution business of […]
Read more Serbian Business Registers Agency Streamlines Company Incorporation Process
New Online Company Registration in Serbia: A Game Changer for Businesses
The Serbian Business Registers Agency (SBRA) has taken a major leap towards modernizing its company registration process by making online incorporation mandatory. This move, brought about by recent updates to the Law on Registration Procedure, will not only make the process more efficient but also align Serbia with international best practices. The Online Advantage […]
Read more Albania News
Aircraft Lease Agreements Signed Between GAT Aircraft and Engine Leasing Limited and Air Albania
CR Partners in cooperation with Karanović & Partners have advised GAT Aircraft and Engine Leasing Limited regarding the aircraft lease agreements the company signed along with Air Albania shpk. Members of our team, Partners Alban Caushi and Anisa Rrumbullaku, assisted the lessor in reviewing the lease agreements CPs and advised on the necessary local filings […]
Read more Empowering Commercial Prosumers for a Sustainable Future
A New Hope for the Commercial Prosumers
In January 2023, the Serbian Ministry of Mining and Energy initiated the procedure for the amendments to the Law on the Use of the Renewable Energy Sources (“Amendments”) whose purpose was, among others, to limit the installed power of the prosumers. The initial draft of the Amendments limited the installed power for the prosumers to […]
Read more Competition Alert: Serbia
Serbian Competition Authority Initiates New Antitrust Investigation – Potential Bid Rigging
The Commission for Protection of Competition of Serbia (the “Commission”) announced on 3 May 2023 that it initiated an antitrust investigation against the companies KTG Solucije d.o.o. Subotica and Eco Sense d.o.o. Subotica due to alleged restrictive agreement – colluding in public procurement procedures (bid rigging). According to the Commission’s public announcement, the assumption of […]
Read more New Acquisition in Croatia
ALS Acquires HIDRO.LAB Company
ALS, a global leader in providing laboratory testing, inspection, certification, and verification solutions, announces the acquisition of 100% shares of HIDRO.LAB doo. HIDRO.LAB doo is a renowned provider of quality environmental testing, founded in 2003 in Croatia, offering sampling and physical-chemical laboratory testing focused on wastewater, surface water, and solid waste. The company has grown […]
Read more CEELM DOTY Awards 2022
Karanović & Partners Wins Two Deal of the Year Awards
It gives us great pleasure to announce that Karanović & Partners has been awarded the Deal of the Year 2023 for two groundbreaking transactions. The first one is Ivicom Energy’s EUR 155 Million Financing for the Krivača Power Plant in Serbia, the first-ever project in Serbia to receive financing through a private PPA in which […]
Read more Acquisition in Slovenia and Croatia
Volution Group Acquires I-Vent in Slovenia and Croatia
UK-based designer and manufacturer of energy-efficient indoor air quality solutions Volution Group has acquired Slovenia-based peer I-Vent which also operates in Croatia, for an initial consideration of 25.2 million euros ($27.6 million) on a debt-free cash-free basis. Our colleagues, Senior Partner Marko Ketler and Senior Associate Ajda Kuhar from Ketler & Partners, member of Karanovic, […]
Read more Another Large Acquisition for BIG
BIG CEE Acquires the Capital Plaza
In one of the largest investments in the Montenegro market, BIG CEE acquired the Capital Plaza in Podgorica, sold by the Abu Dhabi Capital Group. Capital Plaza, a premium facility, includes over 55,000 square meters of office space located in two towers, luxury apartments that can be rented for residential and business needs, a 122-room […]
Read more MEPX News
Montenegrin Day-Ahead Market Launched
The Montenegrin Power Exchange (MEPX) day-ahead market becomes operational, today, 26 April 2023. With the intention of establishing a wholesale organized power market in the form of an electronic trading platform, MEPX was initially established in 2017 by three Montenegrin state-owned companies: (i) the transmission system operator CGES (in Montenegrin: Crnogorski Elektroprenosni Sistem), (ii) the […]
Read more Competition Alert: April 2023
Serbia: New Gun-Jumping Investigation in the Hospitality Market
On 24 March 2023, the Competition Commission (the “Commission”) initiated its latest proceeding against company Hotelsko, ugostiteljsko i turističko preduzeće Moskva d.o.o. Beograd (“Moskva”) for allegedly implementing a notifiable concentration without obtaining a prior approval from the Commission. Namely, the company Moskva which is the owner of the landmark Hotel Moscow located in the center […]
Read more AmCham Serbia Conference
Regional Economic Cooperation – Open Balkan: What can businesses expect?
On 24 April in Belgrade, AmCham Serbia organised “Regional Economic Cooperation – Open Balkan: What can businesses expect?”, a conference dedicated to economic cooperation in countries participating in the Open Balkans initiative. The event was opened by Christopher Hill, U.S. Ambassador to Serbia, together with Stefan Lazarević, President of AmCham Serbia, and Amalija Pavić, AmCham […]
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