Bosnia and Herzegovina Update
2023 Amendments to the Company Law in Republika Srpska
The Parliament of Republika Srpska adopted the amendments of the Company Law of Republika Srpska which entered into force on 2 March 2023. This is the sixth time that the Company Law has undergone changes since it was enacted, whereas the recent amendments brought significant novelties, rather than cosmetic ones. Below are presented the major […]
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North Macedonia Update
North Macedonia Secured Funding for the Revitalization of Six Hydro Power Plants
The Government of the Republic of North Macedonia has secured EUR 36.2 million for a new investment in the energy sector that will extend the life of six large hydro power plants, increase their installed power, and increase domestic electricity production. The funds are obtained from a EUR 25 million loan from the KfV Development […]
Read more Intellectual Property Workshop
Karanović & Partners on Intellectual Property at the Faculty of Applied Arts in Belgrade
On 1 and 2 March, our Senior Associate Nikola Kliska held a lecture and a workshop on intellectual property, hosted by the Faculty of Applied Arts at the University of Arts in Belgrade. The aim of the lecture was to introduce art students to the general concepts of intellectual property, with a special emphasis on […]
Read more The Trending Topic of ESOP
Karanović & Partners Hosts a Workshop on Employee Share Ownership Plan in Practice
On 2 March 2023, Karanović & Partners, together with Digital Serbia Initiative (DSI) and Vega IT, held a workshop on “Employee Share Ownership Plan in Practice”. The speakers were Igor Radovanović, our Senior Associate, Ivana Kappenmann, CFO at Vega IT, and Snežana Đaković, legal officer at Vega IT. The workshop was attended by experts from […]
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Open Call For Granting Financial Support For Launching New Routes From North Macedonia to Airports in the ECAA/EU
The Ministry of Transport and Communications of North Macedonia (“Ministry”) published an open call for submission of applications for financial support to domestic and foreign air carriers for launching new routes to airports in the ECAA/EU. The provider of the financial support is the Government of North Macedonia, through the Ministry. The financial support will […]
Read more Chambers & Partners Global Rankings Update
Karanovic & Partners Ranked Among Top-Tier Law Firms in the Chambers Global Guide for 2023
We are pleased to announce that Karanovic & Partners has once again achieved top rankings in the latest Chambers Global leading law firm ranking. The Chambers Global Guide for this year recognises once again the legal practices of Karanovic & Partners and its lawyers, who have been top-ranked in Serbia, Bosnia and Herzegovina, Croatia, Montenegro, […]
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Contract Notice for Construction Supervision Services – Gas Interconnection Pipeline between North Macedonia and Greece
The natural gas transmission operator in North Macedonia – NOMAGAS JSC Skopje – published a contract notice in an open procurement procedure for services involving contract administration and supervision of works. The services are related to the construction of a section located in North Macedonia of the gas interconnection pipeline between North Macedonia and Greece. […]
Read more Serbia Update
Serbian Business Registers Agency Introduces Electronic Registration with the Registry of Bidders
An administrative novelty comes early this year from the Serbian Business Registers Agency (“SBRA”) by introducing electronic registration with the Registry of Bidders. Frequent participants in the public procurement procedures already know well of this Registry and the perks of its membership. Generally, public procurement in Serbia is a rather formal procedure, highly demanding on […]
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North Macedonia – Design, Construction, and Management of Photovoltaics in Technological Industrial Development Zones
The Directorate for Technological Industrial Development Zones of North Macedonia adopted a decision to initiate a procedure for awarding a public-private partnership contract (“PPP Contract”) for the design, construction, financing, management, and transfer of photovoltaic power plants in several technological industrial development zones (“TIDZ”) in North Macedonia.* 60.60 hectares of land in total, separated into […]
Read more Energy Transition in Serbia
Karanović & Partners Advises Axpo on the First-Ever Market Terms Renewables Power Purchase Agreement in Serbia
Axpo Group has signed a long-term power purchase agreement (PPA) for renewable energy, the very first one concluded on market terms for the offtake of electric energy produced from renewables in Serbia. The deal has been signed with IVICOM Energy doo Žagubica, a renewable energy project co-owned by Serbia’s MK Group and Slovenia’s ALFI Green […]
Read more Serbia: Un(b)locking the Wind Auctions
Petar Mitrović for CEENERGYNEWS on Proposed Amendments to the Law on Renewables
The article was written by our Partner Petar Mitrović and was first published in CEENERGYNEWS, the English-speaking news portal dedicated to the energy industry in Central and Eastern Europe. The Ministry of Mining and Energy of the Republic of Serbia published the much-awaited draft of the amendments to the Law on Use of Renewables […]
Read more Closing of the Acquisition in Croatia
MYTY Group Acquires 404 Group, One of The Leading Digital Marketing Agencies in Croatia
MYTY Group has acquired 404 Group, consisting of four targets in Croatia (404 d.o.o., Shape 404 d.o.o., SevenofNine (Flow) d.o.o. and Rijetka biljka d.o.o.). MYTY Group is a full-service agency network that combines the analogue and digital worlds, bringing together technology and marketing. 404 Group, from Zagreb, Croatia, is one of the leading independent marketing […]
Read more Ljubljana Seminar
Consumer Protection and Personal Data Protection Seminar in Ljubljana
On Thursday, 26 January 2023, our colleagues from Ketler & Partners, member of Karanovic, organised a seminar for our clients and partners, on the novel obligations brought onto businesses by the new Slovenian Consumer Protection Act and Personal Data Protection Act, which became applicable the very same day.. Kevin Rihtar, Senior Associate at Ketler & […]
Read more Restructuring of FORI Group
FORI Restructures Its Debt Towards Slovenian Bank Assets Management Company and Obtains Financing to Secure Further Growth
FORI Skupina d.o.o. has successfully completed the restructuring of its debt by obtaining new financing from fund AMC Capital IV Fortuna S.á. r.l. and refinancing debt towards, among others, Slovenian Bank Assets Management Company (BAMC) – recently merged with Slovenian Sovereign Holding (SSH) – as well as restructuring of its group by dividing its group […]
Read more Slovenia Update
The Novelties Brought by the New Personal Data Protection Act
Several years have passed since the General Data Protection Regulation (“GDPR”) has been in force in the EU, regulating personal data protection. Although the GDPR is directly applicable, the act governing the matter of personal data protection must nevertheless be adopted in each member state, as some areas in the GDPR are left to be […]
Read more Slovenia Update
Substantial Developments of the Slovenian Consumer Protection Legislation
On 26 January 2023, a new Consumer Protection Act (“the Act“) will enter into force, which combines the provisions of the currently applicable Consumer Protection Act and the Act on the Protection of Consumers against Unfair Commercial Practices. The new Act also systematically transposes the content of the three EU Directives in the field of […]
Read more New Law on Capital Market in Serbia
New Capital Market Law Started to Apply in Serbia
On 6 January 2023, the new Law on Capital Market started to apply in Serbia (except for certain provisions delayed further until the accession of Serbia to the EU). This law is adopted as a part of a comprehensive reform of the capital market legal framework in Serbia and introduces a completely new set of […]
Read more Karanović & Partners will change the Terms of Business as of 1 February 2023
Karanović & Partners To Implement New Terms Of Business
Karanović & Partners will change the Terms of Business as of 1 February 2023. For all new engagements executed on 1 February and afterwards, these new Terms of Business will apply. The new Terms of Business will be separately provided to each client. In case you need to review any of our previous Terms of Business, […]
Read more Stanton Chase Talent Management Awards
Karanović & Partners Wins The 2022 Stanton Chase Talent Management Award
Photo Credit: Stanton Chase We are honoured to announce that Karanović & Partners won the Stanton Chase Talent Management Award for 2022. This prestigious accolade was established in 2014, by Stanton Chase, one of the leading international executive search companies. It is assigned annually for successfully developing and implementing programs for talents, with the […]
Read more Tax News: Serbia
Arm’s Length Interest Rates for 2022 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 2022 (the Rulebook). The Rulebook enters into force on 24 December 2022. Interest rates are applicable by taxpayers in the calculation of corporate income tax for the FY 2022 to […]
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