Opening of the MTU Maintenance Serbia
Karanović & Partners Advised MTU Aero Engines, Prior to the Opening of the Facility in Serbia
A German aircraft engine manufacturer MTU Aero Engines opened the MTU Maintenance Serbia, a new plant located within the newly designated industrial park in Nova Pazova, on 7 October 2022. Germany’s leading manufacturer for developing, manufacturing, and providing service support for military and civil aircraft engines came to Serbia in 2021, for the reason of […]
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Sarajevo Event on the Deadlocks in the Decision-Making
Karanović & Partners Hosted the Workshop on Deadlocks in Decision-Making
Our colleagues, Nihad Sijerčić and Nevena Tomić Lučić, Attorneys at Law in cooperation with Karanović & Partners, hosted a workshop “Deadlock and deadlock breaking mechanisms in the decision-making of small and medium enterprises”. It took place in Sarajevo, 30 September 2022, and was supported by the EBRD and EU. The EBRD representatives and Mr Kemal […]
Read more Legislation Update: Serbia
The path to effective consumer protection: one rulebook or one year at a time?
The Minister of Trade, Tourism and Telecommunications adopted the Rulebook on the Functioning of a Body for Out-of-court Settlement of Consumer Disputes (the “Rulebook”), which became applicable on 25 June 2022. This is another step towards ensuring that the mechanisms introduced in the last year’s Consumer Protection Law (the “Law”) become operational. The Rulebook is […]
Read more k/andidates programme
Karanović & Partners is hiring Next Generation of Trainees
Autumn call for k/andidates programme is now open. Our team is looking for law graduates who are searching for unique trainee experience and a fast track to the legal experience they always dreamed of. K/andidates programme is a great chance to participate in work with our clients and put your knowledge into practical context. As […]
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Karanović & Partners at the Western Balkans 2022 Energy Week
Our Partner Petar Mitrović took part in the Western Balkans 2022 Energy Week. The conference was held from 6 to 8 September in Budva, Montenegro. The event gathered authorities and energy companies from the Western Balkans along with the international financial institutions and major multinational investors, EPC and consultancy firms for a dialogue aimed at […]
Read more North Macedonia: Public Calls for Choosing Heat Energy Providers
Public Calls for Choosing a Provider for Production, Distribution and Supply of Heat Energy in North Macedonia’s Capital
The Government of North Macedonia (“Government”) has published the public calls for choosing a provider for (i) regulated production of heat energy; (ii) distribution of heat energy; and (iii) supply of heat energy. The Government intends to choose providers of the abovementioned energy activities (which are considered as public services) to meet the needs of […]
Read more Banking & Finance Update
GGF Extends Its Portfolio in Serbia
We are pleased to announce that Karanovic & Partners supported the Green for Growth Fund, Southeast Europe (GGF) with the provision of another loan in Serbia, as part of its efforts to provide finance for energy efficiency and renewable energy investments in the Southeast Europe Region. In June 2022, GGF closed a deal with UniCredit […]
Read more Corporate Update
Karanović & Partners advised Hidden Harbor Capital Partners on acquisition of Dayco, LLC
Hidden Harbor Capital Partners, a private equity firm that helps create business success stories by building teams focused on execution, and Dayco, LLC, a leading engine products and drive systems supplier for the automotive and aftermarket industries, have signed a definitive agreement pursuant to which Hidden Harbor will acquire Dayco. The Karanovic & Partners team, […]
Read more Closing of Major Acquisition in Croatia
CHIRON Group acquires Croatian company HSTEC
CHIRON Group SE, a German-based world leader in metal industry, acquired 90% shares in the Croatian company HSTEC. Our colleagues from Ilej & Partners in cooperation with Karanovic & Partners including Partner Iva Tokić Čuljak and Associate Antun Skansi, advised CHIRON Group on all legal matters and successfully closed the transaction. The CHIRON Group, headquartered […]
Read more Data Protection Serbia Update
“Keep it Personal”: Serbian Commissioner for Personal Data Protection initiates new campaign
The Serbian Commissioner for Personal Data Protection, supported by OSCE, initiated a new campaign called “Keep it Personal”, with the intent to promote the importance of right to privacy and adequate personal data protection. Three years after adoption of the Personal Data Protection Law, which was introduced to bring the EU-privacy standards on the local […]
Read more 2022 IFLR1000 Ranking Announced
Karanovic & Partners ranked in the latest 2022 IFLR1000 ranking of the leading legal practices
Karanovic & Partners has been recognized once again as a top-tier law practice in the latest 2022 IFLR1000 ranking of the leading legal practices. The IFLR1000 currently researches more than 235 jurisdictions globally. IFLR1000 has once again ranked Karanovic & Partners and the cooperating lawyers as the Tier 1 in the Financial & Corporate and […]
Read more Another Major Energy Acquisition in Croatia
Enlight Renewable Energy (TASE: ENLT): acquisition closing and joint development in Croatia
Israeli company Enlight Renewable Energy (TASE: ENLT) announced that it has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia. The portfolio comprises five projects in various stages of development, four of which are solar, totalling 386 MW, and a wind project of 139 […]
Read more Bosnia and Herzegovina: Legislation changes
Federation of Bosnia and Herzegovina banns the development of small hydro power plants with installed capacity under 10 MW
The House of Peoples of the Parliament of Federation of Bosnia and Herzegovina has adopted the amendments of the Law on Electricity (the “Law”) which prohibits the development of small hydropower plants with installed capacity under 10 MW. The adoption of the amendments of the Law by the House of Peoples, made the ban official […]
Read more Tax News: Serbia
Legislation changes regarding Newly Settled Individuals in the Republic of Serbia
On 16 June 2022, the Government of the Republic of Serbia adopted a Decree on the Criteria for Granting Incentives to the Employers who employ Newly Settled Individuals in the Republic of Serbia (“Decree”). The Decree was published in the Official Gazette of the RS no. 67/22 and entered into force on 18 June 2022. […]
Read more Public Procurement Update: Serbia
How to spot rigged bidding: Serbian Commission for Protection of Competition enacts new guidelines
The Serbian Competition Commission published new Instructions for Detecting Bid Rigging in Public Procurement, a practical guide to understanding the methods generally used to unlawfully allocate contracts in public procurements. The Instructions were modelled after the OECD Guidelines for Fighting Bid Rigging in Public Procurement (available here), once again speaking loudly in favour of Serbian […]
Read more North Macedonia: Planning a gas pipeline connection with Greece
North Macedonia to Diversify its Gas Supply
Considering the ongoing energy crisis in Europe, North Macedonia is looking to diversify its natural gas supply. So far, North Macedonia imported only Russian natural gas through Bulgaria and Turkey, via a pipeline at Deve Bair. The Government of North Macedonia (“Government”) is planning a gas pipeline connection with Greece, as well as investments in […]
Read more Transition to renewable energy sources and improvement of energy networks
Karanovic & Partners at Energy in the Balkans Conference
Our Partner Petar Mitrović took part at the conference “Energy in the Balkans: Transition to renewable energy sources and improvement of energy networks”. Petar moderated panel discussion “The price of electricity and auction system”. The other participating panellists were Neda Lazendić, director at WV-International Serbia, Dejan Popović, president of the Council of Energy Agency of […]
Read more North Macedonia: Enabling future investments in start-ups
Amendments to the Company Law (2004) to Provide Opportunities for Start-up Companies in North Macedonia
In April 2022, the Assembly of the Republic of North Macedonia adopted amendments to the Company Law (“Law”) which will open new opportunities for business angels to invest in start-up companies. The main purpose of the amendments is to encourage innovation and development in the start-up ecosystem of North Macedonia. One of the key amendments […]
Read more Digitalization of payments in North Macedonia
Important Development in the Payment Services Legislation in North Macedonia
In April 2022, the Parliament of North Macedonia adopted the Law on Payment Services and Payment Systems (“Law”), which is greatly harmonized with European Union directives (e.g. Directives (EU) 2015/2366, 2009/110/EC, 98/26/EC, 2014/92/EU) and regulations (e.g. Regulations (EU) 2015/751 and 260/2012). The application of the Law will begin from 1 January 2023, while legal entities […]
Read more The most prominent women lawyers announced
Our Partner Maja Jovančević Šetka is one of the IFLR1000 Women Leaders of 2022
Karanovic & Partners is proud to announce that our colleague, Partner Maja Jovančević Šetka, has been named in the IFLR1000 Women Leaders of 2022. IFLR1000 Women Leaders places a spotlight on the most prominent female lawyers, and represents an elite group of lawyers with outstanding reputations within their markets who have expertise and experience of […]
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