Competition Update: Serbia
The Competition Commission Expands Price Investigation in Consumer Electronics to Retailers
Back in September 2020, the Serbian Commission for Protection of Competition (the “Commission”), following an internal review of the market dynamics and dawn raids at key players, initiated a formal investigation against three major undertakings active in both wholesale and retail of consumer electronics – Roaming Electronics d.o.o., Tehnomanija d.o.o. and Comtrade Distribution d.o.o. The […]
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Acquisition in the Energy sector
Karanovic & Partners advises Adriatic Metals in acquisition of Ras Metals
Karanovic & Partners advised precious and base metals explorer Adriatic Metals regarding the acquisition of 90% of the shares in the company Ras Metals, which holds exploration licences over former silver-zinc-lead mines Kiževak and Sastavci. Adriatic Metals had already indirectly held a 10% share in Ras Metals through its subsidiary Tethyan Resource Corp. The Karanovic […]
Read more Covid-19 Update: Serbia
Serbia Adopts a Brand-New Package of Economic Measures
On 11 February 2021, the Government of Serbia adopted a new Regulation, which established a Program on Direct Aid to Private Sector Entities to Mitigate the Economic Impact of COVID-19 (“Regulation”). Similar to benefits that were available in 2020, the Regulation provides direct payments to private sector companies. Who can use the benefits? Benefits provided by […]
Read more Chambers Global Guide 2021
Karanovic & Partners Ranks as Leading Law Firm in Chambers Global Guide 2021
We are happy to announce that we have been top-ranked once again in the latest Chambers Global leading law firm listing. This year’s 2021 Chambers Global Guide highlights yet again the Corporate & Commercial Group within the Karanovic & Partners legal practices and its lawyers, being top-ranked across the region in Serbia, Bosnia and Herzegovina, Montenegro, Slovenia […]
Read more Karanovic & Partners traditionally hosts Mootis
Karanovic & Partners supports The Belgrade Pre-Moot
Even though the pandemic is making many things tough, Mootis are not the ones that are going to sit around and wait for it to be over. They are working hard online on the preparation for the 28th Vis Moot Court. Today we had the great pleasure hosting law students from the Belgrade University and […]
Read more Draft Law on Renewable Energy Sources
Greener days are coming
Public debate regarding the draft Law on Renewable Energy Sources (the Law) ended on 9 February 2021. The next stages include finalisation of the draft, issuance of the official proposal by the Government and adoption of the Law in the National Assembly. The Law offers two incentives schemes: the long-awaited system of premiums; and the […]
Read more Employment update
COVID-19: Guide for International Employers is now available
COVID-19: The ‘How and where to work’ guide has been published by Ius Laboris. Karanovic & Partners contributed to this Guide for International Employers that cover 37 countries. The Guide refers to topics such as whether you can mandate testing for coronavirus or require vaccination, how to handle a refusal or inability for someone to […]
Read more Tax news: Serbia
Ratified Double Tax Treaty between Hong Kong and Serbia
The double Tax Treaty between Serbia and Hong Kong, signed in August 2020, will come into force by mid-February after it was ratified by the Serbian Government on 3 February 2021 (“DTT”). DTT aims to attract potential investors and deepen the economic relations between the countries by providing grounds for the elimination of double taxation […]
Read more COVID-19 Slovenia Update
Eight Anti-Corona Act – Measures Related To Employment Relationships
On 3 February 2021, the Slovenian National Assembly adopted the Eighth Anti-Corona Act[1], which will enter into force the next day after its publication in the Official Gazette of the Republic of Slovenia. The Eighth Anti-Corona Act provides for the following measures relevant for employment relationships: Partial reimbursement of salary compensations The measure of partial […]
Read more Amendments of the Law on Mining and Geological Explorations
Mining and Acquired Rights – Much Ado About Nothing (hopefully)
The current draft of the amendments of the Law on Mining and Geological Explorations (the Draft Law) has raised dust with the changes in the manner for awarding exploitation rights for strategic mineral resources. The published version of the Draft Law foresees that in the future, the exploitation of strategic mineral resources, such as coal, copper, […]
Read more North Macedonia Update
Establishing the Registry of Ultimate Beneficial Owners in North Macedonia
On 27 January 2021, the Central Registry of North Macedonia officially launched the long awaited Registry of Ultimate Beneficial Owners (“UBO Registry”). Entities incorporated in North Macedonia now have an obligation to register their UBOs in the UBO Registry within the following three months, cost – free. After the expiration of this period provided to […]
Read more Karanovic & Partners advised DPE
DPE acquires majority stake in ballistic defense provider Mehler Vario System
DPE Deutsche Private Equity (DPE) has acquired a majority stake in M-Sicherheitsbeteiligungen GmbH (Mehler Vario System) from investment holding Armira. Karanovic & Partners team led by Partner Ivan Nonković as well as Associate Marko Ćulafić, have worked in cooperation with Clifford Chance for DPE, on the local aspects of the transaction. Mehler Vario System is […]
Read more Serbia marks the 40th anniversary of the Data Protection Convention
Data Protection Commissionaire Publishes a Q&A Overview of its Practice
The Serbian Data Protection Commissionaire hosted an event on 28 January, marking the 40th anniversary of the day when the Council of Europe’s data protection convention, known as “Convention 108”, was opened for signature. Due to COVID-19 restrictions, the event was organised in the form of a webinar, and only the speakers and a handful […]
Read more Pontes, Karanovic & Partners and enervis publishing a market intelligence guide
Renewable Energy Investment Guide to be published soon
Net Zero 500 scenarios are being examined by The EU Commission and leading experts in year 2020, and it has been concluded that a combination of energy efficiency measures and sector coupling with intermittent renewable energy generation as the major energy source is the most effective. In the meantime, many governments in CEE/SEE countries are […]
Read more 2nd Belgrade ICC Construction and Arbitration Conference
Karanovic & Partners at 2nd Belgrade ICC Construction and Arbitration Conference
2nd Belgrade ICC Construction and Arbitration Conference was organized virtually in Belgrade by the ICC International Court of Arbitration with the support of ICC Serbia, Serbian Arbitration Association and law firms Karanovic & Partners and Pinsent Masons. The event, spearheaded by Senior Partner Milan Lazić, Partner Milica Savić and counsel Ana Luković, was held online […]
Read more Updated regulation for cross-border loans
Amendments to NBS Decisions on Cross-Border Loans
On 15 January 2021, the National Bank of Serbia adopted amendments to two of its decisions related to cross-border loans: Decision on the Terms and Conditions of Using Foreign Financial Credits for Purposes Set out in Article 21, Paragraph 2 of the Law on Foreign Exchange Operations; and Decision on Conditions and Manner in Which […]
Read more Tax news: Serbia
Updates to the Serbian Tax Legislation
At one of the last sessions, the Serbian Parliament adopted amendments to the tax laws governing the taxation of companies and natural persons, as well as general tax procedures. The main driver for the reform was the introduction of the taxation regime for digital assets and open-end and alternative investment funds. Also, as part of […]
Read more Major acquisition in the Energy sector
Closing of the Largest Cross Border Acquisition in the Croatian Biomass Sector
In the very last days of 2020, our colleagues from Ilej & Partners in cooperation with Karanovic & Partners closed the largest cross border investment into the Croatian biomass sector until today. The client, Pearl Infrastructure Capital, a French investment fund specialized in investments into the renewable energy sector, acquired Energy 9, a Croatian group […]
Read more Karanovic & Partners supports Alibaba and Yahoo!
Alibaba and Yahoo! (Verizon) Appoint Karanovic & Partners as their Privacy Representative in Serbia
Alibaba, one of the world’s largest retail and e-commerce companies, and Oath Inc., a subsidiary of Verizon operating under the Yahoo! brand (amongst others), have appointed Karanovic & Partners as their data protection representatives in Serbia. In this capacity, Karanovic & Partners is authorised to act on behalf of these companies in relation to their […]
Read more SAS Acquires Tech Company Boemska
Karanovic & Partners advised SAS on acquisition of Boemska
SAS Institute Inc, the global leader in analytics, announced that it has acquired Boemska, a privately held technology company specializing in low-code/no-code application deployment and analytic workload management for the SAS® platform. This is a multi-jurisdictional acquisition, as Boemska has R&D center in Serbia. Karanovic & Partners team, led by Partner Ivan Nonković and Associate Marko […]
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