Slovenia Business Breakfast
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 […]
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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 […]
Read more Karanovic & Partners Promotion Announcement
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 […]
Read more Legal Update: Serbia
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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Insights from ASTA’s Tax Days 2024
On 29 November 2024, our Senior Associate Andrej Jelenković shared our recent experiences in the areas of tax audits, tax disputes, and tax criminal cases at the “Tax Days” event organised by the Association of Serbian Tax Advisors (ASTA). The event fostered an interactive discussion among ASTA members and participants, leading to an exchange of […]
Read more Arbitration Conference in Slovenia
Navigating Arbitration: Insights and Skills for Legal Professionals
On 28 November 2024, our colleagues from Ketler & Partners, member of Karanovic, in collaboration with VIAC (Vienna International Arbitral Center), Ljubljana Arbitration Center (LAC), DLA Piper, and CMS Slovenia, successfully hosted the event Navigating Arbitration: Essential Skills for Lawyers and In-House Counsel conference at the Grand Plaza Hotel Ljubljana. The event began with welcome remarks by our colleague Partner Minu A. Gvardjančič […]
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Karanović & Partners Joins the Conversation on Entrepreneurship
On 13 and 14 November, the “Ja, preduzetnik” (“I, Entrepreneur”) conference brought together accomplished business leaders from Serbia to share their journeys, from their first entrepreneurial steps to building successful companies with regional and global relevance. Through inspiring presentations, fireside chats, late-night interviews and panel discussions, participants explored the challenges and opportunities faced by entrepreneurs. […]
Read more Legislation Update: Albania
Albania’s Privacy Reform: Exploring Key Proposals in the Draft Data Protection Law
The long-anticipated initiative to establish a new legal framework for personal data protection in Albania is finally moving forward, as the Council of Ministers has approved a draft law that aligns closely with the European Union’s General Data Protection Regulation (GDPR). This proposed legislation promises to bring significance in this important but frequently underappreciated legal […]
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ICC Belgrade Infrastructure and Dispute Resolution Conference
On 7 November in Belgrade, the ICC Court of Arbitration and ICC Serbia together with Karanović & Partners, and Pinsent Masons, hosted the third ICC Belgrade Infrastructure and Dispute Resolution Conference. The event brought together around 130 participants, including leading professionals, legal experts, and industry stakeholders to discuss pressing issues in infrastructure contracting, FIDIC contracts, […]
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Karanović & Partners Advises on ISDA Agreements for JLMs on first-ever corporate bond issuance in Serbia
Karanovic & Partners advised a syndicate of Joint Lead Managers, including Bank of America N.A. / Merrill Lynch International, Deutsche Bank AG, Erste Group Bank AG, MUFG Securities (Europe) NV, Raiffeisen Bank International AG, and UniCredit S.p.A., on the legal framework guiding derivative transactions with corporates in Serbia, including negotiation and execution of ISDA Master […]
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Karanović & Partners Advises PPF Group on Strategic Telecom Transaction in CEE
PPF Group has completed the sale of a 50% plus one share in its PPF Telecom Group assets in Bulgaria, Hungary, Serbia, and Slovakia to Emirates Telecommunication Group Company (e&’s), establishing a new venture, e& PPF Telecom Group. This transaction, valued at EUR 2.15 billion, with an additional earn-out potential of up to EUR 350 million, […]
Read more Serbia’s Bond Market
EY and Karanović & Partners Host Bond Financing Conference in Serbia
On 31 October, EY and Karanović & Partners hosted a conference titled “Bond Financing – Benefits and Challenges from Financial and Legal Perspectives” at the Hyatt Regency Belgrade, to discuss the benefits and challenges of corporate bonds issuance through the prism of Corporate Bond Issuance Program supported by the Ministry of Finance. The event opened […]
Read more Albania: Legislation Update
New Joint Instruction Clarifies Residence Permit Procedures in Albania
New Joint Instruction No. 196/2024, “On cooperation between the Ministry of Internal Affairs, Ministry of Economy, Culture, and Innovation, and the State Intelligence Service regarding the issuance of residence permits for foreigners” (the “Instruction”), came into effect on 22 October 2024. This Instruction, aimed at clarifying and improving coordination among public institutions, does not amend […]
Read more Tax News: Montenegro
Waiver of Interest on Outstanding Tax Obligations in Montenegro
The Law on the Waiver of Interest on Outstanding Tax Obligations (“Law”) has been officially adopted and will take effect on 1 January 2025. This Law allows for the waiver of unpaid interest on tax obligations that became due before 31 December 2024. The Law encompasses taxes, fees, contributions, charges, and other monetary payments established […]
Read more Cybersecurity in Focus
Insights from the Legal Pro Forum
On 22 October 2024, our Senior Associate Andrej Jelenković moderated a panel at the Legal Pro Forum dedicated to the legal and technical dimensions of cybersecurity. The discussion primarily focused on the NIS 2 Directive, addressing its implications and examining civil and criminal cases related to cybersecurity incidents. Dr. Milena Nikolić from Siemens Energy provided […]
Read more 19th Annual Conference
Regional Compliance & Business Regulation Conference: Navigating Through Legal Challenges
On 16 October 2024, Karanović & Partners hosted its 19th annual conference at Metropol Palace in Belgrade –Regional Compliance & Business Regulation Conference. Evolving from an event focused primarily on competition law, this occasion has become a regular event in the regional business landscape, addressing a wide range of topics such as M&A, data protection, […]
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