Albania: Legal Update
Albania Moves Forward with New Trademark Legislation: Draft Law Under Parliamentary Review
On February 18, 2025, Albania submitted a new draft law on trademarks to its Parliament, aiming to repeal the existing Law No. 9947 of July 7, 2008, “On Industrial Property”, as amended. The current law covers a broad spectrum of industrial property rights and business secrets, including patents, utility models, trademarks, industrial designs, and geographical indications […]
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Montenegro: Legal Update
Montenegro’s First-Ever Crypto Regulation
The Parliament of Montenegro has adopted amendments to its Anti Money Laundering (“AML”) law on 28 February 2025, aiming to align with recommendations from the DG FISMA and the OECD. A key element of the changes is the introduction of Montenegro’s first-ever regulatory framework for crypto assets, crypto asset transactions, and related services. This initiative […]
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Montenegro’s New Gambling Law: A Game-Changer for the Industry?
In February 2025, the Government of Montenegro submitted a proposal for a new Law on Gambling to parliamentary procedure, following its August 2024 announcements. The Parliament is expected to decide on the proposal by the end of Q1 2025. The law aims to establish a robust regulatory framework to eliminate the grey market and attract […]
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The Constitutional Court of the Republic of North Macedonia Votes to Annul Solidarity Tax Law
On 5 February 2025, the Constitutional Court of the Republic of North Macedonia (“Court”) annulled the Solidarity Tax Law (“Law”), ruling that it violated several key constitutional principles. In 2023, the Law introduced a one-time solidarity tax on companies with realised total revenue of over EUR 10 million in 2022, intended to fund crisis mitigation […]
Read more Serbia: M&A News
Arbonia Completes Sale of its Climate Division to Midea
Arbonia AG completed the EUR 750m sale of its climate division to Midea Electrics Netherlands B.V., a company of Midea Group. Arbonia Climate employs more than 3,000 people and develops and manufactures products and systems for sustainable heating and cooling generation, heating and cooling distribution, energy storage, ventilation and air treatment. With the sale of […]
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A New Era for k/andidates: Year-Round Applications Now Open
As we celebrate 10 years of developing future legal professionals, we are pleased to announce an important update to our k/andidates program. We are transitioning to a new application model—one that allows candidates to apply at any time throughout the year. This change reflects our commitment to flexibility, ensuring we can continuously attract and support […]
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Successful Sale of Lambergh Château & Hotel in Radovljica, Slovenia
Our colleagues from Ketler & Partners, member of Karanovic, Partner Igor Angelovski and Senior Associate Mojca Zupančič Kovačič, have successfully concluded the sale of Lambergh Château & Hotel in Radovljica, Slovenia. They advised the seller, Hočevar d.o.o, throughout the transaction. This deal marks the successful completion of the transaction, with our team of cooperating lawyers […]
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EFSE and GGF Expand Their Portfolio in Serbia by Financing AIK Banka
We are pleased to announce that Karanovic & Partners supported the European Fund for Southeast Europe, acting in respect of its Regional Sub-Fund (EFSE), as well as the Green for Growth Fund (GGF) with the provision of two MREL-compliant loans to Serbian AIK Banka. The EUR 30 million loan provided by EFSE aims as supporting […]
Read more Infrastructure News: North Macedonia
Tender for Highway Construction in North Macedonia
On 31 January 2025, the Public Enterprise for State Roads published a tender for a new infrastructure project – the construction of a key section of the E-65 highway between the village Bukojchani and the municipality of Kichevo. At this stage, the invitation for prequalification has been issued, with the closing date being 17 March […]
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GGF Expands Their Portfolio in Montenegro by Financing Lovćen Bank AD Podgorica
We are pleased to announce that Karanovic & Partners supported the Green for Growth Fund (GGF) with the provision of a loan to Montenegrin Lovćen Bank AD Podgorica. The EUR 3 million loan provided by GGF is intended to boost green lending. Our work included legal support to GGF in the implementation of this transaction. […]
Read more Karanović & Partners Promotion Announcement
Our Team Welcomes the New Generation of Partners
Karanovic & Partners is proud to announce the new promotions to Partners. Milica Filipović With 14 years with our team, Milica has consistently showcased dedication, expertise, and leadership. Her in-depth knowledge of commercial and healthcare law, combined with her business and client-focused approach, has significantly strengthened our practice. A key driver behind the growth […]
Read more Chambers and Partners Global Rankings Update
Karanovic & Partners Recognised as A Top-Tier Law Firm in the 2025 Chambers Global Guide
We are happy to announce that Karanovic & Partners is one more time listed as a top-ranked legal practice in the latest Chambers Global Guide ranking. Karanovic & Partners legal practices and its cooperating lawyers from Serbia and North Macedonia have been ranked as Band 1, Bosnia and Herzegovina found its place in Band 2, […]
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Ljubljana Business Compliance Event: AI, Data Protection, and Cybersecurity
On 29 January, our colleagues from Ketler & Partners, member of Karanovic, hosted the traditional Business Compliance breakfast in Ljubljana, Slovenia. With more than 30 attendees from various sectors, including IT companies, financial institutions, and pharmaceutical companies, the event provided valuable insights into key regulatory developments affecting businesses today. Speakers led engaging discussions on the latest […]
Read more Legislation Update: North Macedonia
North Macedonia implements new National Classification of Activities
The Government of North Macedonia adopted an updated version of the National Classification of Activities, NKD Rev. 2.1 (“New Classification”). The New Classification is aligned with the revised version of the Statistical Classification of Economic Activities in the European Community NACE Rev. 2.1. The New Classification is especially relevant for: Companies to be established: they […]
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Andrej Jelenković Promoted to Partner
Karanović & Partners is pleased to announce the promotion of Andrej Jelenković to Partner. Since 2015, Andrej has been an integral member of the Dispute Resolution Practice Group, contributing significantly to its growth and success. He has developed an outstanding expertise in a wide range of areas, including commercial disputes, bankruptcy, tax litigation, white-collar crime, […]
Read more Tax News: Slovenia
Key Amendments to Slovenia’s Tax Laws in 2025
In this article, we highlight the most relevant changes to Slovenia’s tax laws, from the perspective of corporate income tax, VAT, personal income tax and tax procedure that enter into force on 1 January 2025. Changes in the Corporate Income Tax Act Carry forward of tax losses The ability to carry forward tax losses […]
Read more North Macedonia: Legal Update
North Macedonia Adopts Law on Global Minimum Corporate Income Tax
The information in this article was last updated on 8 January 2025. On 27 December 2024, the Parliament of North Macedonia adopted the new Law on Minimum Global Corporate Income Tax (“Law”). This legislation aims to align local laws with the EU’s Global Minimum Tax Directive 2022/2523 implementing Pillar 2 of OECD’s Global Anti-Base […]
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Supporting SEF in Partnership Programs with Swiss SDC and ProCredit Bank
We are pleased to support the Serbian Entrepreneurship Foundation (SEF) in new initiatives designed to strengthen small and medium-sized enterprises (SMEs) in Serbia. The first initiative involves SEF’s collaboration with the Swiss Agency for Development and Cooperation (SDC), which has provided funding of CHF 2 million for SEF’s programs. The second is a partnership agreement […]
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Key Amendments to Serbia’s Tax Laws – What is Relevant?
In this article, we highlight the most relevant changes to Serbia’s tax laws, including those related to the tax treatment of status changes from the perspective of corporate income tax, VAT, and tax procedure. Changes in general tax procedure and VAT declaration procedure are introduced as well. Each of these laws will be applied starting […]
Read more Albania: Legal Update
Albanian Parliament (Finally!) Approves New Data Protection Law Fully Aligned with EU Standards
On 19 December 2024, the Albanian Parliament officially adopted the “Law on the Protection of Personal Data” with 74 votes in favour, marking a landmark achievement as the first piece of legislation in Albania fully harmonised with the European Union’s acquis. By adopting a comprehensive approach aligned with EU standards, the new law seeks to […]
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