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 […]
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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 […]
Read more Acquisition in the Lottery Industry
Karanovic & Partners Advised Pollard Banknote on the Acquisition of Next Generation Lotteries
Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS („NGL“), a leading provider of lottery management and iLottery technology, for the purchase price of 36 million EUR. The Acquisition is subject to certain standard regulatory and third-party consents and is expected to […]
Read more COVID-19 Slovenia Update
Seventh Anti-Corona Act – Measures for Employers
On 29 December 2020, the Slovenian National Assembly adopted the Seventh Anti-Corona Act[1], which entered into force on 31 December 2020. The Seventh Anti-Corona act provides for the following measures relevant for the employers: “Forced” retirement Pursuant to the Seventh Anti-Corona Act, an employer may terminate an employee’s employment agreement with a notice period […]
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Impact of the Seventh Anti-Corona Act on lease agreements
On 29 December 2020, the National Assembly of the Republic of Slovenia adopted the Intervention Measures Act to Mitigate the Consequences of the Second Wave of the COVID-19 Epidemic (“Seventh Anti-Corona Act”), which entered into force on 31 December 2020. According to the Seventh Anti-Corona Act a lessees of business buildings or business premises (“business […]
Read more Competition Update - Croatia
Croatian Competition Agency Publishes its Analysis of the On-Line Booking Sector
In December 2020, the Croatian Competition Agency (the “Agency”) published a summary of its’ analysis of the online booking market. The analysis came as a result of a growing influence of digital economy in the accommodation sector, both globally and in Croatia, as a significant tourist destination. The main focus of the sector inquiry was […]
Read more The New Law on Digital Assets
Serbia Regulates Digital Assets
The Serbian Parliament adopted the new Law on Digital Assets (the “Law”), which came into force on 29 December 2020 and will start applying 6 months later, in an effort to bring legal certainty to what has so far been considered a legal gap. In parallel to the adoption of the Law, the Parliament has […]
Read more Legal Update – Montenegro
Tax Administration Introduces the Possibility of Electronic Registration of Business Entities
The Tax Administration of Montenegro is implementing a project that will enable the electronic registration of economic entities as well as several other electronic services related to the register of economic entities through the eFirma portal (https://efirma.tax.gov.me). The completion of the entire project, which is planned in the mid-2021, will establish a system for electronic […]
Read more Focus on Competition 14th Edition
New “Focus on Competition” Annual Publication is Out
Karanovic & Partners is proud to announce that the 14th edition of our annual Focus on Competition publication is finally out. As in previous years, the latest edition features articles from some of the most prominent figures in the field of competition law. As this year marked the 16th anniversary of the establishment of the […]
Read more Competition Conference 2020 – Online Edition
Karanovic & Partners’ 15th Competition Conference Held Online for the First Time
Karanović & Partners, together with Friedrich Naumann Foundation for Freedom, held on 15 December 2020 our traditional annual Competition Conference, online for the first time in 15 years. More than 100 attendees from different parts of the world joined our Zoom session in order to discuss the latest developments in the field of competition law. […]
Read more Competition Update: Croatia
Transposition of the ECN+ Directive in the Pipeline
In December 2020, the Croatian Competition Agency (the “Croatian NCA”) initiated public consultations concerning the amendments to the existing Competition Law, with plans to publish an official report by the end of January 2021. The intention of the amendments is further harmonization with the acquis, i.e. transposition of ECN+ Directive[1]. The proposed amendments will introduce […]
Read more Energy Update - Croatia
Croatian Renewables Incentives Tender – Deadline Approaching
On 12 November 2020 the Croatian Energy Market Operator (“HROTE“) published the first public tender for granting feed-in tariffs (“FIT“) and premiums (“FIP“) incentives under the newly established renewable energy sources incentive system. The deadline for bid submission expires on 12 December 2020. Under the new legal framework, FITs are reserved only for production facilities […]
Read more Star Taxi App Case
CJEU Rules that Electronic Taxi Application is an Information Society Service
On 3 December, the Court of Justice of the European Union (CJEU) ruled that a service that puts taxi passengers directly in touch with taxi drivers by means of an electronic application constitutes an information society service. As such it does not form an integral part of an overall service, regarding which the principal component […]
Read more Healthcare and Pharmaceuticals Update
KanaVape Case: CJEU Rules CBD is Not a Narcotic Drug
On 19 November 2020 the Court of Justice of the European Union (CJEU) ruled in a landmark decision that the cannabidiol (CBD) is not a narcotic, as it did not appear to have any psychotropic effect or any harmful effect on human health. CJEU stated that CBD is not mentioned in either the Convention on […]
Read more Aricoma Group Acquires the Tech Company Seavus
Karanovic & Partners Advised KKCG Group on Acquisition of the Seavus
The private investment group KKCG Group has closed their multi-jurisdictional acquisition of the Seavus group. Our cooperating lawyers from North Macedonia handled the local side of the transaction and coordinated the work for Serbia, Bosnia and Herzegovina and Albania on the buy-side of the acquisition, which was led by Clifford Chance Prague as the lead […]
Read more Rastko Petaković at DSI Fireside Chat
Karanovic & Partners at CEO Summit 2020
Karanovic & Partners took part at CEO Summit, one of the largest and most significant business conferences in the region. On the first day of the conference, our Senior Partner Rastko Petaković and CEO of Centili Zoran Vasiljev discussed the possibilities that domestic startups offer for the recovery of the entire Serbian economy. As Digital […]
Read more COVID-19 Slovenia Update
Sixth Anti-Corona Act – Measures for Employers
On 25 November 2020, the Slovenian National Assembly adopted the sixth 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 measure of partial reimbursement of salary compensation for employers who order employees to wait for work at home due to the […]
Read more COVID-19 Slovenia Update
Impact of the Sixth Anti-Corona Act on Lease Agreements in Slovenia
On 25 November 2020, the National Assembly of the Republic of Slovenia adopted the Intervention Measures Act to Mitigate the Consequences of the Second Wave of the COVID-19 Epidemic (“Sixth Anti-Corona Act”), which shall enter into force the following day after being published in the Official Gazette of the Republic of Slovenia. Pursuant to Article […]
Read more HR DNA – Identity Crisis
Karanovic & Partners at HR Week 2020
Karanovic & Partners took part at HR Week 2020. Ivana Karanović, a Vice Chair of AmCham HR Forum, moderated a panel “HR World for Tomorrow: Leading the Changes”, while one of the panelists was also our head of Employment practice group Milena Jakšić Papac, joined by other representatives of AmCham member companies Dragana Koruga Ristić […]
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