Newsroom

Banking & Finance Legal Update

The Parliament of the Republic of Serbia recently adopted amendments to the Law on Payment Services (“Law”) that will start to apply from 6 May 2025 (“Amendments”). By the Amendments, the Law is harmonised with the EU’s PSD2. The key goal of the Amendments is the enhancement of innovations on the market and securing increased […]

Global Trade News

What do Panama, the Netherlands, Latvia, and Serbia have in common? A shipment of over 5,000 high-quality athletic sneakers travelled through these countries before being halted at customs over authenticity concerns. The primary issue centred on potential trademark infringement due to suspicions that the goods might be counterfeit. Customs officials raised concerns because some labels, […]

Albania: Legal Update

The Parliament of Albania has recently passed amendments to the Albanian Labour Code (“Code“), specifically regarding employee annual paid vacation entitlements. While the Code previously provided that employees were entitled to no less than four calendar weeks of paid vacation for one year of work, the amendment now clarifies that employees are entitled to no […]

North Macedonia Telecom Expansion

The newly appointed Minister of Transport of North Macedonia, Mr. Aleksandar Nikoloski, recently announced that the new government plans to expand the telephone services market in the country by adding a new (third) telecommunications provider. Mr. Nikoloski announced that in the upcoming period, North Macedonia will encourage some of the world’s largest telecommunications companies to […]

Montenegro: Compliance Update

The Montenegrin Ministry of Internal Affairs recently implemented a Rulebook on Ultimate Beneficial Owner (“UBO”) Registration, effective from 27 July 2024. It introduces significant changes in how legal entities in Montenegro must manage their UBO information as part of the country’s effort to strengthen its fight against money laundering. For legal entities established before the […]

On 14 June 2024, the Serbian Competition Commission (the “Commission”) initiated two proceedings against companies belonging to the Agromarket Group for allegedly implementing notifiable concentrations without obtaining prior approval from the Commission. The acquisitions occurred in 2020 and 2024 and both concern targets located outside of Serbia. The first gun-jumping investigation involves the acquisition of […]

Belgrade Summer School in Law & Economics

The Belgrade Summer School in Law & Economics, an annual event organised by the University of Belgrade’s Faculty of Law and Serbian Law and Economics Associations, was held from 11 to 14 July. The school provided a seminar for a select group of participants, facilitated by renowned scholars. Attendees included international undergraduate and master’s students […]

AI and Data Law

Our Senior Associate Nikola Kliska has been accepted as a member of the ECTA AI & Data Committee. This committee is dedicated to advancing the understanding and application of artificial intelligence and data within the field of intellectual property. Nikola’s acceptance into this committee is a testament to his expertise and commitment to innovation in […]

M&A News

BIG CEE is to acquire Promenada Novi Sad from NE Property, as announced on Wednesday 3 July 2024. The parties entered into the binding agreement and completion of the acquisition is subject to customary approvals and conditions, including the approval of the Serbian competition authority. Our Senior Partner Miloš Vučković, Senior Associate Marko Ćulafić, Associate […]

Addressing the Future of Maritime Law in Trieste

Our colleague Goran Ilej, Senior Partner from Ilej & Partners in cooperation with Karanovic & Partners, and our Senior Associate Andrej Jelenković attended the 6th Adriatic Maritime Law Conference held in Trieste on June 21-22, 2024. The conference was organised by the Italian Maritime Law Association and took place in the stunning building of the […]

Banking & Finance Update

We are pleased to announce that Karanovic & Partners supported the European Fund for Southeast Europe S.A., SICAV-SIF (EFSE) in purchasing the first MREL-compliant RSD bonds issued in Serbia. The issuer of the bonds is Raiffeisen banka ad Beograd and the bonds are listed on the Belgrade Stock Exchange. The total nominal value of the […]

Karanović & Partners will change the Terms of Business as of 17 July 2024. For all new engagements executed on 17 July and afterwards, these new Terms of Business will apply. The new Terms of Business will be separately provided to each client. In case you need to review any of our previous Terms of Business, […]

Presenting Montenegro's First Cable Car Initiative at international Cable Car Wo...

From 4 to 6 June, the second Cable Car World Congress was held in Messe Essen, Germany. This event welcomed exhibitors, speakers, and legal professionals from all over the world, focusing on discussing possibilities for the evolving landscape of new urban mobility. Our Senior Associates Sandra Perišić and Tijana Arsenijević actively participated in the congress, […]

Global Tax Rights Advocacy

The Observatory on the Protection of Taxpayers’ Rights (OPTR) identifies principles, minimum standards and best practices for the effective protection of taxpayers’ rights. It allows for the permanent monitoring of global compliance with such minimum standards and their amendment and development in different regions of the world. OPTR operates under IBFD, which is the pre-eminent, […]

Arbitration Conference

The traditional Vienna Arbitration Days were held on 7 and 8 June 8 2024, in Vienna, Austria. As the legal profession is evolving fast, this year’s conference was properly named “Rock Me Arbitration: Tune in to A New Beat!” It was set to address the multi-faceted impacts of ESG, human rights, sustainability, green transition, supply […]

Tax Advisory for Law Students

On 3 June, our colleague Dr Maruša Pozvek, Tax Law Expert from Ketler & Partners member of Karanovic, in collaboration with the Faculty of Law, University of Maribor in Slovenia, was a guest lecturer and gave students an insight into how tax advisory looks like in practice. The session explored the practical elements of the […]

Exploring Litigation Trends

Our Senior Associate, Andrej Jelenković, attended the meeting of the World Service Group/Berlin Group, which gathers litigation practitioners from across Europe. The meeting took place in Tallinn, Estonia, on 6 and 7 June 2024 and COBALT Legal and their partner Lembit Tedder hosted the event. The agenda covered current litigation topics such as multi-border litigation, […]

Tax Congress in Slovenia

Tax Advisory Chambers of the Republic of Slovenia hosted the 52nd Tax Education Days and the 14th Congress of Tax Advisors, which brought together experts from the tax and accounting profession in Laško, Slovenia, on 23 and 24 May. The event covered a wide range of topics such as how much artificial intelligence can help […]

Tax News: Serbia

Serbian Minister of Finance issued the Rulebook on interest rates that are considered to be in line with the arm’s length principle for the year 2024 (Rulebook). Interest rates are applicable by taxpayers in the calculation of corporate income tax for the FY 2024 to compare agreed interest rates on loans with related parties. Interest […]

Intellectual Property Workshop

On 3 June, an interactive workshop titled “MEDIA Learning Lab #6: Protection of Creative Work” was hosted by the Faculty of Applied Arts at the University of Arts in Belgrade. This event was partly realized within the framework of the Erasmus+ project MAGNET – Managerial and Governance Enhancement through Teaching, in which the University of […]