COVID-19 Serbia Update
National Bank of Serbia Introduces Moratorium on Loans and Leasing due to COVID-19 Outbreak
Last Updated on 19 March 2020, 15:00 CET Due to the developments regarding the outbreak of COVID-19 and the declaration of a state of emergency in Serbia, the National Bank of Serbia (“NBS”) undertook emergency measures to facilitate the position of citizens and businesses in servicing debts. The two decisions on temporary measures (the “Decisions”) […]
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COVID-19 Serbia Update
Effects of COVID-19 to Contracts – is it Enough to Call it Force Majeure?
Last Updated on March 19, 12:00 CET The current COVID-19 outbreak and severe and numerous preventive and restrictive measures governments are continually introducing are first and foremost a global health concern. However, this situation has already caused significant distortions to businesses and their ability to perform their contractual obligations. The question of all questions seems […]
Read more Safety always comes first
Karanovic & Partners’ Approach to COVID-19 Outbreak
In line with the latest developments regarding the COVID-19 outbreak, Karanovic & Partners followed the advice given by the authorities to its maximum extent. With that being said, our team has been instructed to work remotely from home, and our daily operations continue uninterrupted. This measure has been applied in all our cooperating offices. In […]
Read more Top Ranked Legal Practice in the SEE
Karanovic & Partners Ranked as a Leading Law Firm in Chambers Europe 2020
Karanovic & Partners is proud to announce that we have once again been listed among the leading law firms in Europe in the latest edition of Chambers Europe 2020. In the newest edition of Chambers guide, eight practice areas within Karanovic & Partners legal practice rank Band 1 – including Corporate/Commercial, Banking & Finance, Competition/Antitrust, […]
Read more Karanovic & Partners holds a lecture at the Startit Centre
What do the Lastest Legislative Changes and the Test of Independence bring for the Serbian Entrepreneur?
Karanović & Partners held an event dedicated to the latest changes of the Companies Act, Personal Income Tax Law and the Law on contributions for the mandatory Social Security insurance at the Startit centre on 4 March. Over 100 attendees from IT community and various companies and startups joined the vivid discussion. Partner* Ivan Nonković […]
Read more Six Deals in Five Jurisdictions
Karanovic & Partners Shortlisted for the CEE Legal Matters Deal of the Year Award 2020 with Record Number of Deals
Karanovic & Partners, in cooperation with local lawyers, has been shortlisted for the prestigious CEE Legal Matters Deal of the Year Award for the third year in a row. The practice found itself among 151 different firms from the CEE region competing for awards in 22 different countries. Karanovic & Partners, as a regional legal […]
Read more Changes on the Employment Horizon
First Staff Leasing Law in Serbia comes into force
After years of legal vacuum, the new Staff Leasing Law (Law) finally introduces the legal framework for the so-called “staff leasing”. The Law tackles conditions under which staff leasing is possible, rights and obligations of agency workers, their equal status of agency workers and comparable employees, conditions for licencing of agencies as well as the […]
Read more Event dedicated to newly adopted Agency Employment Law in Serbia
Karanovic & Partners Takes the Leading Role at the FIC Insight into Agency Employment Law
Karanovic & Partners took the leading role at the Foreign Investors Council (FIC) event dedicated to the insight into the Agency Employment Law. Partner* Milena Jakšić Papac, who is also the President of the FIC HR Committee, presented in great detail the Agency Employment Law, along with Siniša Simić from Adecco. This event was a […]
Read more Getting to Know the New Law
Karanovic & Partners holds a Briefing on the New Lobbying Law
Karanović & Partners held a briefing on the new Serbian Law on Lobbying (Law) on 26 February 2020. The event was devoted to the novelties introduced by the new Law with the objective of discussing and understanding the reasoning behind the Law’s adoption and mechanisms for its implementation. The event, led by Partner* Goran Radošević […]
Read more Introducing the GDPR into the local regulatory framework
In the Data Protection Crosshairs: New Legislation in North Macedonia
After more than two years of preparations, public debates and consultations between different stakeholders, the Parliament of North Macedonia passed the new Law on Personal Data Protection (“Law”) on 16 February 2020. This game-changing piece of legislation introduces the GDPR in the local regulatory framework and it is already in force as of 24 February […]
Read more Embracing the changes
Briefing on the New Labour Law in Montenegro
Karanovic & Partners, in cooperation with local lawyers, held a briefing on the novelties of the new Labour law (Law) in Montenegro, focusing closely on the new obligations proposed for the employers. The event was held on 24 February and was attended by the clients. The main reason for the adoption of the Law was […]
Read more Chambers Global Guide 2020
Karanovic & Partners Ranks as Leading Law Firm in Chambers Global Guide 2020
We are proud to announce that Karanovic & Partners has been top-ranked once again on the most recent Chambers Global leading law firm listing. The 2020 Chambers Global Guide highlights the Corporate & Commercial Group in the jurisdiction of Serbia as belonging to Band 1. Managing Partner Dragan Karanović has been ranked as Band 1, […]
Read more Changes on the Horizon
Serbia: Rebranding the Trademark Law
Serbia recently reworked its Law on Trademarks, coming into force on 1 February 2020. What has changed? In local parlance: “Everything and nothing”. The changes are not extensive, but concern key features of the local trademark rules: Oppositions The new law introduced an opposition system, as an auxiliary system to the existing framework. Per previous […]
Read more The Impact of MDR
Is the Market for Medical Devices in Slovenia and Within the EU Becoming More Significant?
This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine. The significance of medical devices is most certainly on the rise, considering not only its importance to patients, for whom medical devices represent life-enhancing products, but also developments in innovation, economics, and in the regulatory and legal sphere. Issues such as data […]
Read more Backer AB Acquires shares in Elektrotermija
Karanovic & Partners Advises Backer AB in Elektrotermija Transaction
Karanovic & Partners advised the Swedish company Backer AB, part of NIBE group, in the acquisition of shares in Elektrotermija transaction. Our scope of work consisted of performing due diligence of Elektrotermija, drafting and negotiating of transactional documentation, structuring the transaction, as well as all-encompassing legal advisory regarding post-closing activities for Backer AB. The core […]
Read more The Position of the Supreme Court
Mortgage Extension with Special Reference to the Montenegrin Supreme Court’s Legal Position
This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine. Claims from Loan Agreements are generally secured by establishing a mortgage over a certain property on the basis of a Mortgage Agreement or a Pledge Statement. Establishing a mortgage over the land for the purpose of securing a contractual claim for land […]
Read more Two Perspectives
Lawyering in an Age of Transformation
This Article was originally published in Issue 6.11 of the CEE Legal Matters Magazine. Concerns about how the legal profession will be impacted by the ongoing technological revolution are rampant across the industry. Artificial intelligence, distributed ledger technology (blockchain), and robots, among other things, are already altering the way lawyers serve clients in fundamental ways, and […]
Read more The Future is Now
Winning with Integrity in the Western Balkans
In 2018, the Western Balkans had a population of approximately 21.5 million, an aggregate GDP of around EUR 230 billion, and an average growth rate of 3.8%. Although the countries of the Western Balkans share the same history, and to a large extent the same language, there is more variety when it comes to political […]
Read more Karanovic & Partners announces the new Managing Partner
Dragan Karanovic Appointed as the New Managing Partner
Karanovic & Partners is pleased to announce the appointment of Dragan Karanovic as the new managing partner of the firm. Founding partner of the firm takes over the leading position from Rastko Petaković who served as managing partner for the past 3 years. Dragan will be assisted and supported by senior partner Darko Jovanović while […]
Read more As of 30 January
Revolution in Data Transfer Rules to non-European Countries
The Commissioner for Information of Public Importance and Personal Data Protection (“Commissioner”) issued the Standard Contractual Clauses (“SCCs”) applicable to the relationship between the Serbian data controllers and non-European data processors which will enter into force on 30 January 2020. The Commissioner’s decision comes five months after the new Law on Data Protection became applicable […]
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