The Impact of COVID-19
Karanovic & Partners Holds Future of Retail Webinar
Karanovic & Partners held a webinar dedicated to the Future of Retail on 27 May 2020. The webinar is a part of the “Future of” series, where our colleagues and experts cover and discuss various industries and the possible impact the pandemic of COVID-19 will have on them. Retail industry found itself in a completely […]
Read more
After an Investigation
Fourteen Oil Companies Fined Over EUR 4 Million by competition authority for price collusion in Kosovo*
The Kosovar Competition Authority (“KCA”) imposed a EUR 4 million fine in total in early May 2020 on fourteen oil companies for collusion on retail prices of fuel in 2018. As stated by the President of KCA, the investigation that encompassed both retail and wholesale levels of the market was launched in early 2019 following […]
Read more New Acquisition
Karanovic & Partners Advises Tethyan in Acquisition of EFPP
Karanovic & Partners advised the Canadian precious and base metals exploration company Tethyan Resource Corp. in its acquisition of 10% shares and management control over the of the Serbian geological company EFPP. With this move, Tethyan secured the exclusive right to purchase the remaining 90% of the shares at some point in the next 12 […]
Read more COVID-19 Slovenia Update
Impact of the Second Anti-Corona Act on Lease Agreements
The National Assembly of the Republic of Slovenia adopted the Act on additional liquidity to the economy to mitigate the effects of the COVID-19 infectious disease epidemic (“Act”) on 28 April 2020, which entered into force on 1 May 2020. Pursuant to Article 34 of the Act, the tenants of commercial premises owned by the […]
Read more New Quotas
Croatia Sets Quotas for Renewables Incentives
The Government of the Republic of Croatia enacted the Decree on the Quotas for Incentivising the Production of Electricity from Renewable Energy Sources and Highly-Efficient Cogeneration (“Decree”) on 14 May 2020, which sets the total quotas of government-sponsored incentives (feed-in and premium tariffs) for development of renewable energy electricity production facilities. The quotas are defined […]
Read more COVID-19 Regional Update
Merger Control Insight of the Western Balkans
As the COVID-19 pandemic seems to show signs of slowing down in the Western Balkans, the economy inevitably dictates a moderate easing of state-imposed restrictions throughout the region, with most of the measures being relaxed or lifted. This will also be reflected in the work of the regional competition authorities. After working remotely and with […]
Read more COVID-19 Force Majeure Global Overview
Force Majeure Global Overview
Karanović & Partners is pleased to share a global Force Majeure Overview, covering 36 countries. The outbreak of COVID-19 combined with restrictive measures imposed by governments around the world caused major disruptions to businesses and their ability to perform contractual obligations. In collaboration with our colleagues from leading law firms abroad, we participated in a […]
Read more Startup Overview
Karanovic & Partners Holds Future of Startups Webinar
Karanovic & Partners held the third in a series of webinars, this time dedicated to the future of startups. The event was centered around the implications brought about by the outbreak of COVID-19, and their effect on the startup scene in the region. Speakers, including Senior Partner Rastko Petaković, Attorney at law in cooperation with […]
Read more COVID-19 Regional Update
State Aid Measures in the Countries of the Western Balkans
Karanovic & Partners is pleased to present a general overview of state aid measures adopted to help the economy mitigate the negative consequences caused by the COVID-19 pandemic in the countries of the Western Balkans. The overview covers beneficial loans, employment stimuli, and tax measures in Serbia, Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, and […]
Read more COVID-19 Montenegro Update
Subsidies for Closed and Endangered Industries in Montenegro
This article will cover subsidies for closed and endangered industries under the so-called Economy and Employee Support Program presented by the Government of Montenegro. More information about the Program and its novelties can be found here. Subsidies for Closed Industries (100% of gross minimum salary) This measure regulates the granting of a subsidy to a […]
Read more COVID-19 Montenegro Update
Employment Subsidies in Montenegro
The Government of Montenegro presented the first package of economic measures on 9 April 2020, and subsequently, introduced the so-called Economy and Employee Support Program (“Program”) on 24 April 2020, as the second package of economic measures in order to curb the negative impact of the coronavirus outbreak on the economy and overcome the crisis. […]
Read more COVID-19 Serbia Update
Serbian Parliament Terminates State of Emergency – Impact on Deadlines Before the Competition Commission
The Serbian Parliament terminated the state of emergency on 6 May 2020, following the flattening of the epidemic curve and the creation of conditions for the gradual attainment of collective immunity. Since the introduction of the state of emergency, the Serbian Government issued 44 regulations that were aimed at combating the COVID-19 crisis, including the […]
Read more COVID-19 Serbia Update
Back to Life – Back to Reality
After almost two months, the state of emergency instituted because of the COVID-19 outbreak was revoked in the Republic of Serbia on 6 May 2020. Unlike the Decision on declaration a state of emergency from 15 March 2020, the Decision on revoking the state of emergency was adopted by the National Assembly. The Decision determined […]
Read more New Ways
Open Day for Students and Recent Graduates Held Online for the First Time
This Article was written by the Head of Learning & Development, Ivana Karanović. After the usual busy start of the year packed with on-going projects and plans for the future ones, COVID-19 lead to a major break-off in March. We had to take a pause, slow down, and start finding ways to adjust. The outbreak […]
Read more Competition Overview
The Impact of COVID-19 on Submissions, Deadlines and Decision-Making of Competition Authorities in the West Balkans
Last Updated on 4 May 2020, 15:00 CET Country Submissions Deadlines Decisions Expected delays Albania All submissions: via post or electronically Deadlines are applicable and the parties can be sanctioned for a late submission. No suspension of issuance of decisions so far. Delays in review and decision making should be expected. Bosnia and […]
Read more Much Needed Change
Serbia Adopts New By-Laws Regarding Investment Funds
The Serbian Securities Commission (“Commission”) enacted a series of by-laws regulating open and alternative investment funds as well as other relevant issues regarding the issuance of an investment prospectus. The by-laws will enter into force on 5 May 2020. These by-laws were much needed as the Law on Alternative Investment Funds and Law on Open […]
Read more Ongoing Reforms
Expedited Liquidation Procedure in the Republic of Srpska
This Article was originally published in Issue 7.2 of the CEE Legal Matters Magazine. The Republic of Srpska’s much-anticipated Law on Liquidation Procedure (the “Law”) entered into force in October 2019. The Law was adopted three years after the reform of the Republic of Srpska’s bankruptcy procedure and is part of ongoing reforms targeted at cutting […]
Read more COVID-19 Slovenia Update
Slovenia Amends Two “Anti-Corona” Acts
On 28 April 2020, the Slovenian National Assembly adopted the Amendment of the Anti-Corona Act[1] and the Amendment of the Judicial Measures Act[2]. Both amending acts are expected to enter into force shortly. The Amendment of the Anti-Corona Act introduces the following changes to the existing package of intervention measures for employers: Cap on State […]
Read more IFC/City of Belgrade Waste Management PPP
Karanovic & Partners Wins IFLR Europe Deal of the Year Award
Karanovic & Partners is pleased to announce that we have been awarded the IFLR Europe’s Deal of the Year Award 2020 for our role in advising the International Finance Corporation and the City of Belgrade in the process of financing the landmark public-private partnership project for the “Belgrade Energy from Waste Project” for the landfill […]
Read more COVID-19 Bosnia and Herzegovina Update
E-Signature in Bosnia and Herzegovina
This article provides a general legal overview of the applicable laws and use cases pertaining to electronic signatures in Bosnia and Herzegovina. Legal framework Electronic signature has been introduced on the state level in Bosnia and Herzegovina (“BH”) in 2006 with the Law on Electronic Signature (“BH Law”). Due to lack of pre-conditions for implementation […]
Read more