Karanovic & Partners Promotion Announcement
Milena Pejović Promoted to Partner
Karanovic & Partners is pleased to announce that Milena Pejović is promoted to Partner*. Milena is the head of our Montenegrin practice. With vast experience in corporate and commercial legal advisory, Milena advises clients on corporate and commercial legal matters and also focuses on banking and finance, taxation, and employment matters as well as real […]
Read more
EU – US Privacy Shield Abolished
CJEU Annuls the EU-US Privacy Shield – is Serbia Affected?
On 16 July 2020, the Court of Justice of the European Union (CJEU) has surprisingly annulled the EU-US Privacy Shield, the data transfer mechanism frequently used by EU companies for transferring data to the US. The case originated from Max Schrems’ complaint filed before the Irish Data Protection Authority in 2015, challenging Facebook’s data transfers […]
Read more Apple Wins Appeal Against European Commission’s Decision
Apple Avoids Returning EUR 13 Billion Tax Bill as Allegedly Incompatible State Aid
On 15 July 2020, the General Court of the European Union overturned the European Commission’s decision that ordered Apple to pay a record EUR 13 billion in back taxes to the Irish government. This judgement represents a great victory for the U.S. tech giant and a big blow to the bloc’s crackdown on “sweetheart deals” […]
Read more Another Award for “Belgrade Energy from Waste Project”
Vinča Waste Project Named as IJ Global European Waste Deal of the Year
Karanović and Partners is pleased to announce that Vinča waste project received a recognition from IJ Global as European Waste Deal of the Year. “Belgrade Energy from Waste Project” is the biggest PPP project in Serbia for the landfill remediation. Karanović & Partners advised the International Finance Corporation and the City of Belgrade in the […]
Read more Bosnia and Herzegovina Update
Bosnia And Herzegovina No Longer on The EU List of High-Risk Countries for Money Laundering and Terrorist Financing
Good news for Bosnia and Herzegovina – as of 9 July 2020 the country is officially not on the EU list of high-risk third countries that have strategic deficiencies in the regime of preventing money laundering and combating terrorist financing, which represent a significant threat to the Union’s financial system. The Fourth European Union Money […]
Read more KATS & Karanovic & Partners Joint Webinar
Impact of Regulation on Tech Companies
Katende Ssempebwa Technology (KATS) and Karanovic & Partners and cooperating lawyers involved in k://lab project held a webinar on impact of regulation on tech companies, covering topics such as cyber security, GDPR, data protection and many more. The webinar was held on Wednesday, 15 July and initiated a robust discussion on data protection law, the […]
Read more Legislation Update – Serbia
New Regulation on Preventive Measures for Safe and Healthy Work
The Rulebook on preventive measures for safe and healthy work to prevent the occurrence and spread of an epidemic of infectious diseases (the “Rulebook”) was adopted on 29 June 2020. The Rulebook closely regulates preventive measures that employers are obliged to apply in order to prevent the occurrence and spread of infectious diseases and eliminate […]
Read more Legislation Update - Montenegro
New Law on Business Organisations in Montenegro Entered into Force
The new Montenegrin Law on Business Organisations (in further text the “Law”) entered into force today. The reason for establishing the Law is directly related to the process of Montenegro’s accession to the European Union. The key criteria for the temporary closure of negotiations in Chapter 6 (Commercial law) is precisely the adoption of the […]
Read more Dawn Raids in Slovenia
Media Raided for Competition Concerns
According to public information, the Slovenian Competition Protection Agency has allegedly been conducting dawn raids in the three biggest Slovenian newspaper publishers, Delo, Dnevnik and Časnik Večer in the past few days, due to suspicion of failure to notify a merger. In September 2019, the Agency apparently received a complaint that the newspapers had subordinated […]
Read more Energy and Natural Resources Update: North Macedonia
Extended Deadline for Submitting Offers for Photovoltaic Plants in REK Oslomej
Due to the COVID-19 situation, the authorities of North Macedonia once again extended the deadline for the submission of bids to construct and operate two solar photovoltaic plants on top of the old coal mine in REK Oslomej (located near the town of Kichevo). The new deadline for submitting bids is 28 September 2020, 10:00 […]
Read more Energy and Natural Resources News: Bosnia and Herzegovina
Ban on Construction of Small Hydro Power Plants in Federation of Bosnia and Herzegovina Announced
Following intensive pressure of environmental activists, the House of Representative (lower house of the FBH Parliament) of the Federation of Bosnia and Herzegovina (“FBH”) adopted the Declaration on Protection of Rivers (“Declaration”). The main goal of the Declaration is to completely ban the construction of small hydro power plants (“SHPPs”) in the FBH. For the […]
Read more COVID-19 Montenegro Update
Montenegro Allows for a More Lenient Assessment of Cooperation Agreements in Response to Situations of Urgency Caused by COVID-19 Pandemic
The new COVID-19 reality did not only bring about the asymmetric demand characterised by a high rise in demand for certain essential (usually health-related) products and a steep decline in demand for other products that are considered non-essential in times of crisis but has also created various problems in supply chains and distribution of products […]
Read more COVID-19 Impact and Strategies
Karanovic & Partners at the WSG Banking and Finance Webinar on COVID-19 Impact and Strategies in Europe
Karanovic & Partners attended the World Services Group banking and finance webinar on COVID-19 impact and strategies in Europe on 23 June 2020. Partner Maja Jovančević Šetka* spoke about the situation in the banking and finance area in the SEE and the consequences brought on by the pandemic. The webinar, moderated by Lukasz Szegda, Partner […]
Read more COVID-19 Slovenia Update
Slovenia: Loosening Rules on Public Procurement
The newly adopted Act on the intervention measures to mitigate and eliminate the consequences of the COVID-19 epidemic[1] (“Act”), which entered into force on 31 May 2020, introduces amendments to the Public Procurement Act.[2] Importantly, the thresholds are being loosened and less stringent rules for exclusion of tenderers from public procurements and organization of design […]
Read more Tender by the End of the Year
Tender for the Solar Power Plant in Podgorica at Velje Brdo by the End of the Year
The Montenegrin Ministry of Economy announced that the tender for the construction of the solar power plant at Velje Brdo site is expected to be initiated by the end of the year. This project, alongside solar power plant on Briska Gora and the wind power plants Gvozd and Brajići, is expected to have a strong […]
Read more Consequences of COVID-19
Karanovic & Partners Holds a Webinar on Construction in the SEE/CEE
Karanovic & Partners, along with Pinsent Masons and 3lite, held a webinar centered around making claims under FIDIC Red 1999 edition as a consequence of the COVID-19 pandemic and force majeure events on construction projects in Southern and Eastern Europe. The speakers included Franka Baica and Ermina Delić Kamenčić, Senior Associate* Ana Luković from Karanovic […]
Read more Public Consultations Begin
Digital Markets and Competition Law: The European Commission Opens Public Consultations on Potential New Regulatory Tools
Generally speaking, competition rules have an in-built flexibility that allows the authorities to address evolving issues and novel practices. However, the European Commission (“EC”) has taken the position that certain structural risks related to online platforms cannot be adequately addressed within the current regulatory framework, and has opened public consultations on exploring the need for […]
Read more FIC Human Resources Committee President Reappointed
Milena Jakšić Papac Re-elected as the President of the FIC HR Committee
Karanovic & Partners is pleased to announce that our Partner* Milena Jakšić Papac has been re-elected as the President of the Foreign Investors Council Human Resources Committee. Over the next two years, Milena’s main priorities as the President of the Committee will be focusing on the new Labour Law, digitalization and simplification of various procedures, […]
Read more COVID-19 Slovenia Update
New Rules on Foreign Direct Investments in Slovenia
The New Act on the intervention measures to mitigate and eliminate the consequences of the COVID-19 epidemic[1] (“Act”) entered into force on 31 May 2020. Among others, it also introduces a new set of rules applicable to foreign direct investments into the Republic of Slovenia, which will have important implications for several fields, including M&A […]
Read more Significant Shift in Practice of the Serbian Intellectual Property Office
Powerlifting: Is Copyright stronger than Trademarks?
The story starts rather simply. Guangdong Puss Investment Co., Ltd. from China filed a trademark application for the NOME logo, in Serbia. Serbia applies a “first-to-file” system in terms of the trademark registration. There had not been prior similar trademarks, and the registration went smoothly. However, Guangzhou Renren Management Consulting Co., also from China, filed […]
Read more