Updated framework after a decade
Serbia: State Aid Reloaded
Almost a decade after the adoption of the previous Law on State Aid (the “Previous Law”), Serbia has significantly updated its state aid framework. A number of reasons influenced the drafting and adoption of the New State Aid Law – especially the need for further alignment of state aid rules, but more importantly, enforcement practice […]
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Sustainable economy and women empowerment
Karanović & Partners at the AFA Women’s Leadership Summit
Karanovic & Partners, as a member of AFA, took part at the AFA Women’s Leadership Summit held in Belgrade on 24 and 25 October. Our Managing Partner Rastko Petaković talked about Personal contributions for a global impact on the second day of the Summit, dedicated to Sustainable economy and women empowerment. In the broader scope, […]
Read more Further harmonization with EU acquis
New Law on Alternative Investment Funds Adopted
The National Assembly of the Republic of Serbia adopted the Law on Alternative Investment Funds on 10 October 2019, which will become applicable on 20 April 2020. Serbia is further harmonizing its capital market laws with the EU acquis and this time, new legal concepts are adopted into the Serbian legislation by transposing the Directive […]
Read more Eight wholesalers fined
Serbia: Leniency leads to the discovery of a bid rigging cartel in office supplies
The Serbian Competition Commission (the “Commission“) recently fined eight wholesalers of office supplies a total of around EUR 510,000 for bid rigging in public procurement and other tenders. The Commission established that the companies coordinated the terms of their offers following a leniency application by an unidentified whistleblower. The company in question was relieved from […]
Read more The pillars of Sports Law
Karanovic & Partners holds Sports, Law and Finance Conference
Karanovic & Partners held a two-day Sports, Law and Finance Conference on 15 and 16 September at our office premises organized in cooperation with Hockey Partnership for Progress. The first day of the event was opened by Senior Partner Miloš Vučković, who delivered the introduction speech and presented the questions that would be the topic […]
Read more Landfill remediation and development of the waste treatment facilities in Vinča
Karanović & Partners advised on the Public-Private-Partnership project for “Belgrade Energy from Waste Project”
Karanović & Partners advised 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 remediation and development of the waste treatment facilities in Belgrade, Vinča. The public-private partnership agreement was signed in September 2017 by the […]
Read more Vale acquires earn-in for four locations
Mundoro and Vale Put Through the Earn-In Agreement for Timok Complex
Vale Canada Limited (Vale) acquired the option to earn-in in four of Mundoro Capital Inc’s (Mundoro) exploration licenses in Timok complex. The earn-in relates to Sumrakovac, Osnić, Dubrava and Padina properties, hosting primarily the copper-gold mineralization (Projects). Under the agreement, Mundoro has granted to Vale the option to earn up to a 75% interest in […]
Read more The biggest wind farm in Western Balkans
Wind Farm Čibuk 1 starts operation
The largest wind farm in Western Balkans, Čibuk 1, officially started operations on Friday 11 October, following an investment worth EUR 300 million. The wind farm has a maximum capacity of 158MW and will generate power to supply 113,000 households. The EUR 300 million wind farm Čibuk 1 was developed by Vetroelektrane Balkana, a Serbian […]
Read more What the future holds for the legal profession
Karanovic & Partners at the 2019 Balkan General Counsel Summit
Karanovic & Partners once again supported the 2019 Balkan General Counsel Summit, organized by CEE Legal Matters. The Summit was held on 10 October in Belgrade for the second time in a row and gathered around 100 participants from all over the region. Our Managing Partner Rastko Petaković, Partners* Milena Jakšić Papac and Goran Radošević […]
Read more Agrokor under the loupe
Competition authorities in the region initiate merger control investigations against Agrokor’s successor Fortenova
The Croatian food and retail powerhouse Agrokor almost collapsed due to financial difficulties in 2017, but was saved from bankruptcy when its creditors accepted a debt resettlement deal in July 2018. Following the implementation of the deal, Fortenova Grupa d.d. (“Fortenova“) begun its operations on 1 April 2019 as the successor to the troubled conglomerate. […]
Read more Law on Amendments to the Law on Corporate Income Tax adopted
Republika Srpska Introduces Tax Incentives From 2020
The National Assembly of Republika Srpska, one of entities in Bosnia and Herzegovina adopted the Law on Amendments to the Law on Corporate Income Tax (CIT Law). The most important changes to the current provisions concern introduction of tax incentive for investments made in equipment and production facilities. Incentive will start to apply from 1 […]
Read more Part of a formal investigation
Dawn Raid conducted in Montenegro
Montenegrin Competition Agency announced earlier this month that it conducted a dawn raid on 25 July 2019 in the premises of providers of after-sales services for motor vehicles (including motorcycles), looking at the terms of guarantees, manner of service provision and spare parts sales. The dawn raid was conducted as a part of a formal […]
Read more Judicial Practice in Litigation Procedure
Karanovic & Partners at the AmCham Roundtable
AmCham organized a roundtable discussion on judicial practice in litigation on 1 October in Belgrade. A series of discussions was aimed at finding applicable answers to contentious legal issues. One of the topics was the connection of factual allegations of a lawsuit with the probative value of proposed evidence, as well as an outreach of […]
Read more New members of INTA Committees
Nikola Kliska and Relja Mirkov appointed to INTA Committees
Senior Associates* Nikola Kliska and Relja Mirkov have been appointed to International Trademark Association (INTA) Copyright Committee and Non-Traditional Marks Committee, respectfully, for the 2020–2021 term. The Copyright Committee develops and advocates INTA’s policy regarding the impact of copyright law and enforcement on trademark rights. This committee is tasked with monitoring copyright cases, legislation […]
Read more Karanovic & Partners Open Day 2019
Karanovic & Partners holds an Open Day for Students and Recent Graduates
Karanovic & Partners held an Open Day for students and recent graduates on 1 October. Visitors had an opportunity to talk to our trainees and junior associates. The team held a panel discussion with the students, regaling them with stories about past times and how they began their cooperation with Karanovic & Partners. Around 20 […]
Read more IFLR 1000 2020 Rankings
Karanovic & Partners Ranked as a Top-Tier Law Firm by IFLR 1000
We can proudly announce that Karanović & has been recognized once again as a top-tier law firm in the 2020 IFLR 1000‘s ranking of leading legal practices. This legal directory covers more than 120 jurisdictions, with more than 14,000 ranked lawyers. IFLR 1000 focuses on ranking law firms and lawyers on the basis of financial […]
Read more Legal aspects of eLearning
Karanović & Partners at the eLearning Conference
Senior Associate* Nikola Kliska was one of the speakers at the eLearning Conference held on 1 September at the Metropolitan University in Belgrade. Kliska was one of the participants at a roundtable discussion on legal aspects of eLearning and also one of the speakers during the session on “LMS (Learning Management Systems) Content Development in […]
Read more Tinkering to stir growth and combat stasis
Karanovic & Partners at The Lawyer Business Leadership Summit
The Business Leadership Summit organized by “The Lawyer” magazine and proudly supported by Karanovic & Partners is taking place in London on 25 September. This year’s summit titled “Back to basics: in a world of ever-growing complexities” is attended by more than 150 senior legal professionals from top-tier law firms. Our Managing Partner Rastko Petaković […]
Read more The Amendments to the Serbian Law on Patents
Serbia Changed the Law on Patents
The Amendments to the Serbian Law on Patents were enacted on 17 September 2019 and will come into force on 26 September 2019. The most significant changes were brought in the field of innovations made in the course of employment (employees’ invention). The previous version of the law stipulated that innovation created even up to […]
Read more Explaining the amendments of the Law on Protection of Copyright and Related Righ...
Copyright and Related Rights: Next level
With Directive on Copyright in the Digital Single Market still causing mixed feelings throughout Europe, Serbia takes the best out of earlier EU Directives in the area of protection of copyright and related works and implements it into its national legislation. The amendments to the Law on Protection of Copyright and Related Rights as of […]
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