Newsroom

What do the reforms bring

Tax laws in Serbia were amended at the end of 2019 and entered into force 2020, with the most significant change affecting the status of entrepreneurs. Significant amendments to tax laws were also made in North Macedonia and Slovenia. Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base […]

Fresh Changes

The National Assembly of the Republic of Serbia enacted amendments to the Company law on 23 December 2019. The amendments enable limited liability companies to use the concept which resembles stock option schemes. Limited liability companies (by far the most frequent company form in Serbia) will be able to incentivize their employees and other individuals […]

Strongest Commitment for Talent Management

We are honoured to announce that Karanović & Partners has been chosen as the winner of this year’s Stanton Chase award for Strongest Commitment for Talent Management. This is the second year in a row that we are winning this prestigious accolade – Karanović & Partners won its first Stanton Chase Talent Management Award in […]

New appointments in the Commission for State Aid Control

Not long after adopting the new Law on State Aid, the National Assembly of the Republic of Serbia appointed the President and four council-members of the Serbian Commission for State Aid Control (“CSAC”). State aid control in Serbia has been identified as an area that requires significant and priority improvement in EU accession, as the […]

New Framework

The German Ministry of Economy and Energy published a new and ambitious draft of the Law on Digitalisation of German Competition Law (the “Law”), expected to enter into force in the second half of 2020. Germany aims to remain a forerunner of antitrust regulation of digital markets by introducing this “digital antitrust law” and by […]

Fine Enforcement

In late 2019, the Slovenian Competition Protection Agency (the “Agency”) shocked the local business community by announcing that it has temporarily seized the Croatian conglomerate Agrokor’s shares in Slovenia’s largest retailer Mercator d.d., worth an estimated EUR 140 million, for the purpose of securing the enforcement of a previously-imposed fine. The fine of EUR 53.9 […]

Major Acquisition

Karanović & Partners is pleased to announce it has provided all around legal support and advice to Playrix on its acquisition of Serbian company Enharmonic Games. Playrix is one of the world’s leading game design studios and this transaction represents a part of the company’s continuing business strategy to expand into new markets. Our team […]

Next Step

The Belgian Financial Services and Markets Authority (FSMA) authorized the European Money Markets Institute on 11 November for the provision and administration of EONIA under Article 34 of the EU Benchmarks Regulation (EU BMR). “EMMI has provided the FSMA with comprehensive information attesting that all the necessary arrangements to meet the requirements in the EU […]

Serbian Market Insight

“There are no major movements between firms, or any new firms popping up. There have been some movements, some partners leaving their law offices and moving to the private sector, but nothing worth writing home about “, says Partner* Petar Mitrovic about the Serbian legal market. Mitrovic carries the tune when it comes to the […]

Conclusions and Recommendations

The Conference on Judiciary and Business was held on 10 December at the Crowne Plaza Hotel in Belgrade. The conference is the last in a series of topic-based expert discussions between representatives of the judiciary and the private sector. The event was organized by AmCham in cooperation with the Serbian Ministry of Justice and the […]

Leaders are made, not born

Future is Now Conference was held on 5 December at Hotel Moskva in Belgrade. The conference is dedicated to corporate innovation and the latest IT trends that contribute to business development. Managing Partner Rastko Petaković was the moderator of the CEO Panel, which included CEO of Mol Ante Aralica, Dejan Pešić, CEO of MediGroup, Nebojša […]

Lucky Thirteen

Karanovic & Partners has launched the newest, 13th, edition of Focus on Competition publication during the Competition and Business Regulation Conference held at the Hilton Belgrade hotel on 4 December. This year’s edition features articles from some of the most prominent figures in the field of competition and we are grateful for their detailed insight. […]

Karanović & Partners, together with the Friedrich Naumann Foundation for Freedom, held the annual Competition and Business Regulation Conference at the Hilton Belgrade hotel on 4 December 2019. This is the 14th year in a row that such a conference is organized. This year, more than 100 experts from the world of business and the […]

High Level of Certainty in Serbia

This article was written by Senior Partner Darko Jovanović and originally published in Issue 6.9 of the CEE Legal Matters Magazine.                                                                                                                        BNP’s subsidiary Findomestic was only recently sold to local Direktna Banka – which also acquired Serbia’s NKBM subsidiary and the Greek Piraeus Bank. OTP acquired NBG Group’s Vojvodjanska Banka and the local champion […]

New Promotions Announced

Karanović & Partners is pleased to announce a new round of promotions. Our litigator Milica Savić has been promoted to Partner*, Sava Drača to Senior Associate*, while Sanja Spasenović will hold a position of Special Advisor*. These talented individuals have proven their expertise and established themselves as key members of our team. This promotion reflects […]

Key Step towards EURIBOR's Continuity

The European Money Markets Institute (EMMI), the administrator of the EURIBOR benchmark, confirmed on 28 November that it has successfully completed the phase-in of all Panel Banks to the EURIBOR hybrid methodology. The phase-in occurred on a gradual basis, so as to minimize operational and technological risks for Panel Banks, EURIBOR users and the benchmark […]

A Change in Leadership After Five Years

On 14 November 2019, the National Assembly of the Republic of Serbia appointed the new President of the Competition Commission (the “Commission“) as well as three new members of the authority’s management council. Mr. Nebojša Perić, law graduate and a former director of a public utility company from Vršac was appointed as the new President, […]

New acquisition

NIBE Industrier AB has acquired TIKI Group, Gorenje’s Serbian operations and one of Europe’s largest manufacturers of water heaters. The transaction requires the customary approval of the competition authority concerned and subsequent to consolidation, expected from 1 January 2020, TIKI Group will become a part of the NIBE Climate Solutions business area. Karanović & Partners […]

What You Need to Know and How to Prepare

Karanovic & Partners held a briefing dedicated to Reference Rates Reforms in Belgrade on 18 November. The event was spearheaded by Senior Partner Darko Jovanović and Partners* Maja Jovančević Šetka and Katarina Gudurić. The special guest was Michael Huertas, Partner and Co-Head of European Financial Institutions Regulatory Practice Group from Dentons, Frankfurt. The event was […]

Brose begins construction in three months

Brose, one of the largest family-owned suppliers in automotive industry, signed an agreement with the Republic of Serbia regarding the acquisition of the 23 hectare plot of land for the construction of a plant (together with research center) that will produce automotive equipment. The construction of the factory will begin in three months, while the […]