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. Nihad Odobašić Independent Attorney at Law in cooperation with Karanovic & Partners participated in the event, […]
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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 […]
Read more Karanovic & Partners Promotion Announcement
Ivana Racković Promoted to Partner
Karanovic & Partners is pleased to announce Ivana Racković’s promotion to Partner. Ivana was a Partner in our Dispute Resolution team back from 2009 and after a pause in her career during which she was fully devoted to her family, Ivana came back as Senior Counsel in 2020. Now we are thrilled to have her […]
Read more SeeNext Regional Report
Renewable Energy in Southeast Europe: 2023 Edition Report
The report is available for downloading here. The first edition of the Renewable Energy in Southeast Report has been published by SeeNext, a business intelligence and news provider, in cooperation with several organisations from the region, including Karanović & Partners. The report analyses renewable energy in the five EU member states in Southeast Europe […]
Read more Legal 500 Rankings for 2023
Karanovic & Partners Recognized as a Top Tier Law Firm by Legal 500 in 2023
Karanovic & Partners is, once again, proud to announce that we have been listed among the leading law firms in the Legal 500 Europe, Middle East, and Africa 2023 edition. We have our top-tier ranking in 11 practice areas across the region with 2 new jurisdictions that have entered the rankings for the first time […]
Read more Data Protection Conference
Karanović & Partners at Data Protection in Gaming Conference
On 4 April, the Serbian Games Association (SGA), in cooperation with the Faculty of Organizational Sciences at the University of Belgrade, organized a one-day conference on “Data Protection in Gaming”. The event was part of the SGA’s pilot supercluster Creative Tech Serbia, made from more than 20 different partners, including companies, startups, academic institutions, and […]
Read more Tax News: Serbia
Arm’s Length Interest Rates for 2023 Published in Serbia
Serbian Minister of Finance issued the Rulebook on interest rates that are considered to be in line with the arm’s length principle for the year 2023 (the Rulebook), which enters into force on 6 April 2023. The Rulebook sets the interest rate which are, in most cases, higher for 0.5-1% than those for 2022. There […]
Read more Intellectual Property News
Karanović & Partners at the IP and Video Games at Play Roundtable
On 30 March, Karanović & Partners co-hosted the IP and Video Games at Play online conference, organized by the International Trademark Association (INTA)’s Young Practitioners Committee. Other co-hosting firms were Ratza & ratza, one of the leading IP companies in Romania, and Flat Hill Games, a VR game development studio from Serbia. Our Senior Associate […]
Read more How to (Deal with) Start-Up: Navigating the Legal Complexities
Karanović & Partners Holds the Workshop at the Faculty of Law
On 28 March, Karanović & Partners collaborated with the Faculty of Law at the University of Belgrade to organize a workshop titled “How to (Deal with) Start-Up: Navigating the Legal Complexities” for undergraduate and master’s law students. Our Senior Associate Igor Radovanović and Junior Associate Pavle Vučetić shared their practical experience and offered valuable advice […]
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