A Change in Leadership After Five Years
Serbian Competition Commission gets a new President and Council Members
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, […]
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New acquisition
Karanović & Partners advises NIBE in TIKI Group 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 […]
Read more What You Need to Know and How to Prepare
Karanovic & Partners holds Reference Rates Reforms Briefing
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 […]
Read more Brose begins construction in three months
Karanovic & Partners advises Brose in Landmark Deal
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 […]
Read more Karanović & Partners Launches a New Publication
The fifth edition in the Focus On Energy series
On behalf of Karanovic & Partners’ Energy and Natural Resources Industry Group, it is our pleasure to present the fifth edition of the Focus on Energy publication. In this edition, we have tried not only to summarize the developments in the relevant energy sectors in the last two years, but also to discuss and analyse […]
Read more A milestone marked
ICC Construction disputes and arbitration in the SEE region conference
The ICC Construction disputes and arbitration in the SEE region conference was organized in Belgrade for the first time by the ICC International Court of Arbitration with the support of ICC Serbia and law firms Karanovic & Partners and Pinsent Masons. The event, spearheaded by Senior Partner Milan Lazić and Senior Associate* Milica Savić, was […]
Read more Sharing insight on Energy and Infrastructure Financing
Karanović & Partners at the Energy and Infrastructure Financing conference
UniCredit Bank organized a one-day event related to energy and infrastructure financing on 7 November. Partner* Petar Mitrović took part in a panel discussion covering the topic of challenges of energy and infrastructure financing in Serbia. Petar Mitrović talked about project implementation and lessons learnt mainly and perspective of Energy Law and decrees implementation and […]
Read more Construction Disputes
Karanović & Partners holds Contract Management Masterclass
Karanović & Partners held a Contract Management Masterclass dedicated to construction disputes under FIDIC in the SEE region on 7 November in partnership with Pinsent Masons and Thomas-Koziarski Consulting. The event was held at the Karanovic & Partners office premises, and was attended by representatives of renowned construction companies, as well as various professionals from […]
Read more Drinks reception in Lisbon
Karanović & Partners host a reception for Balkan participants of Web Summit
Karanović & Partners hosted a drinks reception for Balkan participants of the Web Summit in Lisbon on 5 November. Managing Partner Rastko Petaković was the host of the reception and around 100 people attended the event. Web Summit is one of the largest events that brings together key figures from the companies that are at […]
Read more Coca-Cola proposes change of its conduct
Going Soft on Soft Drinks: The Croatian Competition Agency considering Coca-Cola’s commitments
In February 2019, the Croatian Competition Agency (the “Agency”) launched an official investigation against Coca-Cola HBC Hrvatska d.o.o. (“Coca-Cola”), in order to establish whether the company concluded prohibited restrictive agreements and/or abused its market dominance. After reviewing the local market for distribution of non-alcoholic beverages in the Croatian HORECA channel, the Agency came across a […]
Read more 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 […]
Read more 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. […]
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