COVID-19 Force Majeure Overview
Overview of Force Majeure Rules in the SEE Region in Times of COVID-19 Outbreak
Karanović & Partners is pleased to present an overview of the force majeure rules in six countries of the SEE region. The pandemic, and consequently the numerous restrictive measures imposed by the governments caused significant distortions to businesses and their ability to perform the contractual obligations. Among a number of other implications, the situation has […]
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Coca-Cola HBC Slovenia Commended
Slovenia and Coca-Cola: Better Safe than Sorry
The Slovenian Competition Protection Agency recently publicly commended Coca-Cola Hellenic Bottling Company Slovenia for voluntarily implementing improvements to its business practices in the local HoReCa sector. The improvements were the result of a constructive dialogue, that lasted more than a year, between the Agency and Coca-Cola. The new practices were implemented voluntarily by Coca-Cola, without […]
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Karanovic & Partners Among Top Ranked Law Firms in 2020
Karanovic & Partners is proud to announce that we have once again been recognized as a leading law firm in the 2020 Legal 500 rankings. Apart from upholding our top-tier ranking in 10 practice areas in 5 jurisdictions, numerous individuals have received individual acclaim from the prestigious UK-based legal directory. Senior Partners Dragan Karanović, Darko […]
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Public Procurement During the COVID-19 Pandemic in Slovenia
Last Updated on 15 April 2020, 13:00 CET Regardless of the pandemic, public procurement procedures are still being conducted. The standstill concerning court and administrative deadlines does not apply to public procurement procedures. The contracting authorities nevertheless have the possibility to postpone a public procurement procedure, but they are not obliged to do so. The […]
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Debt Securities – Serbia Changes Rules for the Issuance of Debt Securities
Last Updated on 14 April 2020 13:30 CET The Government of Serbia adopted the Regulation on the Procedure for Issuance of Debt Securities (“Regulation”) as one of the economic measures presented to reduce the negative effects caused by the COVID-19 pandemic and an attempt to support the economy of Serbia. The Regulation entered into the […]
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State Aid: Serbian Government Issues Regulations for Mitigation of COVID 19 Outbreak
Following the announcement of economic measures aimed towards responding to the COVID-19 outbreak, the Serbian Government issued two regulations on 10 April 2020 that determine the conditions and criteria for compliance of the state aid (i) for remedying the negative effects caused by COVID-19 and (ii) for remedying a serious disturbance in the economy caused […]
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Serbia Adopts Tax and Financial Regulation to Help the Economy During the COVID-19 Outbreak
Last Updated 12 April 2020, 17:00 CET The Government of Serbia adopted the Regulation on Fiscal Benefits and Direct Aid to Private Sector Entities and Financial Aid to Citizens to Mitigate the Economic Impact of COVID-19 (“Regulation”) on 10 April 2020, ten days after the announcement of the proposal of the Program of economic measures […]
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E-commerce in times of COVID-19: Good business opportunity or expensive administrative nightmare?
Last Updated on 10 April 2020 18:00 CET With the impact of COVID-19 increasing and more restrictive anti-COVID-19 measures being introduced, recent research shows that online grocery and healthcare purchases have grown for more than 20%, with an expectation for online sales to surge an additional 20% in the near future. Following the limitations on […]
Read more COVID-19 Bosnia and Herzegovina Update
Draft Law on Mitigating the Negative Economic Consequences presented in Bosnia and Herzegovina
Last Updated on 10 April 2020, 9:00 CET Following the outbreak of COVID-19, authorities at all levels in the Federation of Bosnia and Herzegovina (“FBH”) and in the Republic of Srpska (“RS”) have imposed a broad spectrum of measures from quarantines to restricted travel and outdoor activities. Both governments in FBH and RS are currently considering measures to […]
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Slovenian National Assembly adopts the new “Anti-Corona” act
Last Updated on 7 April 2020 16:00 CET On 2 April 2020, the National Assembly of Slovenia adopted new COVID-19 intervention measures by passing the “Anti-Corona” act[1], which supplements and partially revokes intervention measures already in force. Intervention measures refer also to certain changes in the field of taxation and social security contribution payments in […]
Read more COVID-19 North Macedonia Update
COVID-19 Shadows Over the Banking and Finance Sector in North Macedonia
The Government and the National Bank of the Republic of North Macedonia (“National Bank”) introduced several amendments dispersed through the existing regulatory framework in order to facilitate the country’s attempt to support the liquidity during the COVID-19 outbreak. Most recently, the Government has instituted solutions affecting financing companies and finance leasing providers (“Financial Institutions”) as […]
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Effects of COVID-19 to Court Proceedings in North Macedonia
Last Updated on 6 April 2020, 15:00 CET Access to court Following the declaration of the state of emergency and the adopted preventive measures by the Government of North Macedonia, the courts limited their work only to urgent cases and with significant physical restriction to court premises. Accordingly, most of the hearings are being postponed. […]
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The Slovenian National Assembly adopts new intervention measures by passing the “Anti-Corona” act
Last Updated on 6 April 2020, 11:00 CET The National Assembly of the Republic of Slovenia adopted new COVID-19 intervention measures by passing the “Anti-Corona” act[1], which supplements and partially repeals intervention measures already in force. In relation to the majority of measures, the “Anti-Corona” act will be applied retroactively from 13 March 2020 onwards […]
Read more COVID-19 Croatia Update
Croatian Government Proposes the April Financial Package
Last Updated on 3 April 2020 15:00 CET The Croatian Government proposed the second package of economic measures on 2 April, aimed to preserve jobs and reduce liquidity risks caused by the COVID-19 financial crisis in the private sector. Starting with April, the salary amount financed by the Croatian Government will be increased to an […]
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Serbia Proposes a Set of Economic Measures in Response to the COVID-19 Outbreak
Last Updated on 2 April 2020 11:00 CET The Government announced on 1 April 2020 its proposal of a Program of economic measures to reduce the negative effects caused by the COVID-19 pandemic and an attempt to support the economy of Serbia, split into four categories. Tax policy measures Payroll tax and social security contributions […]
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First Set of Employment Intervention Measures Enters into Force in Slovenia, Additional and Revised Measures are Proposed
Last Updated on 1 April 2020 14:00 CET The Act on Intervention Measures to Salaries and Contributions (“Intervention Act”) finally entered into force on 29 March 2020 in Slovenia. The Intervention Act regulates the right of employers to apply for reimbursement of salary compensations paid to employees who are either unable to work due to […]
Read more Karanovic & Partners Selected in Serbia
Karanovic & Partners Awarded CEE Legal Matters’ Deal of the Year Award
We are pleased to announce that Karanovic & Partners has been awarded CEE Legal Matters’ prestigious 2020 Deal of the Year Award for our role in Coca Cola HBC’s Acquisition of Bambi from Mid Europa Partners. This is the third year in a row that our firm’s accomplishments are chosen among some of the biggest […]
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Status of Foreign Citizens in the Republic of Serbia During the COVID-19 Pandemic
Last Updated on March 28 2020 The Republic of Serbia has officially closed its border crossings for passengers in road, rail, air and water traffic at 8.00 a.m. on 20 March 2020. The passing of humanitarian aid and crossings of national importance that are approved by the competent authority are still allowed. International passenger traffic […]
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Update on the Employment Situation in Montenegro
Last Updated on 27 March 2020 COVID-19 outbreak has made a significant impact on the vast majority of employers’ business activities. The most common questions which have been raised due to recent developments are the ones concerning possibilities to reduce workforce and type of measures to reduce workforce costs due to COVID-19. Therefore, relevant possibilities/measures […]
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Update on Tax and Economy Related Government COVID-19 measures in Croatia
Last Updated on 27 March 2020 The Croatian Government enacted detailed rules on the possibility to apply for deferred payment of taxes. This measure includes income and profit tax, public fees (includes pension and health insurance, concession fees but not custom fees and excise duties) as well as VAT (under certain conditions). Businesses wishing to […]
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