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Newsroom

July, 2023

M&A News in Serbia

OTP Group Acquires ILIRIKA Fund Management Company

OTP Fund Management, Hungary, and OTP Banka Srbija have jointly acquired ILIRIKA DZU, the Serbian subsidiary of the Ljubljana-based ILIRIKA group providing asset management services. With this transaction, OTP Group strengthens the Serbian capital market and becomes an active player in it. Karanović & Partners was the lead counsel of OTP Group on this transaction. […]

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July, 2023

Albania Legislation Update

Albania – Legalization of Cannabis for Medical and Industrial Purposes

On Friday 21 July 2023, the Albanian Parliament adopted a law which legalizes medical cannabis and industrial hemp (“Cannabis Law”). The Cannabis Law allows licensed companies to cultivate and process cannabis and determines the criteria which must be met to obtain such a permit, but also regulates the cultivation process of the plant and the […]

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July, 2023

International Summer School in Belgrade

Karanović & Partners Hosts International Students for a Workshop

The Belgrade Summer School in Law & Economics, an annual event organised by the University of Belgrade’s Faculty of Law and Serbian Law and Economics Associations, successfully took place from 13 to 15 July. The primary objective of the event was to offer 25 international students a valuable opportunity to attend a series of lectures […]

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July, 2023

Data Protection Update

A Lifeline for Data Transfers: EU-US Data Privacy Framework Is Back On

In the long-awaited aftermath of the havoc caused by the CJEU’s decision (adopted in 2020 in the famous Schrems II case) to invalidate the previously existing EU-US Privacy Shield Framework, the European Commission adopted the adequacy decision promoting the new EU-US Data Privacy Framework (the “Framework”) on 10 July 2023. The Framework concludes that the […]

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July, 2023

Protection of Competition in Montenegro

A Proceeding Against the Association of Tourist Agencies of Montenegro

On 10 July 2023, the Agency for the Protection of Competition of Montenegro initiated a proceeding against the Association of Tourist Agencies of Montenegro for an alleged breach of the Competition Law. Namely, during dawn raids conducted on the business premises of certain tourist agencies, the Agency came into possession of a Pricelist of services […]

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July, 2023

Call for Tender in North Macedonia

Invitation for Prequalification for Construction of Sub-Section of the Skopje-Blace Motorway in North Macedonia

The Public Enterprise for State Roads of North Macedonia (“PESR”) published an invitation for prequalification (“Invitation for Prequalification”) for works for the construction of a 10.5 km long sub–section of the TEN-T Route 6 Motorway (“Project”). The Project is the second phase of the TEN-T route from the Kosovo – North Macedonia border to Skopje. […]

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July, 2023

Spotlight on Croatian Media

Pluralis Invests in Telegram Media Grupa

Media Development Investment Fund, a New York-registered fund specialized in investment in independent European media, via its Amsterdam-based affiliate Pluralis B.V., has finalised its acquisition of a minority stake in Croatian digital media publisher – Telegram Media Grupa d.o.o. This investment is supposed to enable Telegram to further grow its digital advertising and subscription business […]

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July, 2023

Novelties for Freelancers in Serbia

Online Portal for Freelancers in Serbia is Launched

On 30 June 2023, the web portal for freelancers https://frilenseri.purs.gov.rs/, operated by the Tax Administration was launched. Our Senior Associates Sava Drača, Milijana Tomić and Katarina Tomić attended the launching conference organized by Naled at Metropol Palace in Belgrade. The main purpose of the portal is to enable freelancers to submit their tax returns. More […]

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June, 2023

Tourism & Hospitality in Serbia

First Moxy Hotel Opens in Belgrade

American multinational hospitality company Marriott International has opened its first Moxy hotel in Belgrade, Serbia. The hotel – equipped with 131 guestrooms and two conference rooms – is located in the city centre, within one of the oldest cultural neighbourhoods of Belgrade. The design of the property is inspired by art and architectural moments of […]

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June, 2023

Bolstering Montenegro Tourism Infrastructure

CKB Bank Signs Project Financing Agreement for Kotor – Lovćen Cable Car

CKB Bank, a member of OTP Group, has recently signed a project financing agreement for the construction of the first cable car in Montenegro, with the company Kotor – Lovćen Cable Car. It was followed by the signing of the direct agreement with the Government of Montenegro. The successful completion of this transaction was facilitated […]

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June, 2023

Business Breakfast in Slovenia

Labour Law Breakfast: Presenting News Developments

On 20 June, our colleagues from Ketler & Partners, member of Karanovic, organised their second Business Breakfast in Ljubljana, Slovenia. The event took place in the Intercontinental Hotel. The event’s purpose was to present new developments in the field of labour law to current and prospective clients, and participants were eager to share their expertise […]

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June, 2023

Public Call for Auctions

Breaking News: Serbia Initiates Auctions for Awarding Market Premium for Solar and Wind

The Ministry of Mining and Energy of the Republic of Serbia published the public call for auctions for awarding of market premiums (in the form of CfD) for wind and solar projects earlier today (Wednesday, 14 June 2023). As per an earlier announcement, the total quota for premiums amounts to 400MW for wind power plants […]

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June, 2023

The Synergy between AI and HR

AImpactHR Conference: Embracing AI for Effective HR Practices

At the very end of April, the AImpactHR conference took place in Belgrade, delving into the intriguing subject of artificial intelligence and its influence on the field of human resources. It was organized by O.U.R. HR, the organisation of HR professionals in Serbia. The conference stood out as the audience actively engaged in the discussions. […]

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June, 2023

Multilaw Event in Belgrade

Karanović & Partners Hosts Multilaw 2023 EMEA Regional Conference

On 2 and 3 June in Belgrade, Karanovic & Partners played host to the 2023 EMEA conference, organized by Multilaw, an international network of law firms. This regional gathering brought together legal professionals from across Europe, the Middle East, and Africa to exchange insights, discuss industry trends, and forge connections. Jon Heuvel, EMEA Regional Chair […]

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June, 2023

Serbian Bankruptcy Law Association Event

Karanovic & Partners at the Founding Conference of the Serbian Bankruptcy Law Association

On 2 June, the Serbian Bankruptcy Law Association held the Founding Conference in Belgrade, with the aim to promote the association’s work and foster developments in bankruptcy law and related disciplines. The event featured distinguished academic and legal experts who shared insights on various bankruptcy law topics, including the European Union and Serbia’s perspectives, limited […]

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June, 2023

Business Breakfast in Slovenia

Tax Breakfast: Tax Relief for Investments in Digital and Green Transition

On 30 May, our colleagues from Ketler & Partners, member of Karanovic, organised their first Tax Breakfast in Ljubljana, Slovenia. With an engaging and innovative topic, the event focused on exploring the tax relief opportunities available for investments in the digital and green transition. Our colleagues, Partner Igor Angelovski and Tax Law Expert Maruša Pozvek […]

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June, 2023

North Macedonia Infrastructure Project

Transforming Transportation: Tender Published for New Railway Section Construction in North Macedonia

The Public Enterprise for Railway Infrastructure Railways of the Republic of North Macedonia – Skopje has published a contract notice for project implementation support and safeguard services for the construction of a new railway section from Kriva Palanka to the border with the Republic of Bulgaria (“Project”). The 24 km section is the last part […]

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June, 2023

Slovenia News

Slovenian Case Law on the Validity of Agreements in Swiss Francs: A Closer Look at Recent Developments

In a recent consumer-oriented television program called Koda, our colleague from Ketler & Partners, member of Karanovic, Partner Minu A. Gvardjančič, shed light on the evolving landscape of Slovenian case law concerning the validity of credit agreements denominated in Swiss Francs. The discussion centered on the implications of recent judicial decisions and their impact on […]

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June, 2023

Competition Law Infringements in Practice

Karanovic & Partners Holds Another Workshop at the Faculty of Law

On 16 May, Karanović & Partners and the Faculty of Law at the University of Belgrade collaborated to host a workshop called “Competition Law Infringements in Practice” for law students at the undergraduate and master’s levels. Our Senior Associate, Stefan Savić, and Associate, Stefan Janković, shared their practical experience and offered valuable insights and advice […]

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May, 2023

ESG Best Practices

Karanovic & Partners at the ESG Champions Conference

In a joint effort to recognize and promote exemplary Environmental, Social, and Governance (ESG) practices in the local market, AmCham Serbia, a non-profit business association and Kearney, a renowned global management consulting firm, organized a conference. The event, which took place on 30 May 2023 in Belgrade, aimed to shed light on successful ESG strategies […]

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2024