Newsroom

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

Crowdfunding conference in Belgrade

On 11 April 2019, Karanovic & Partners participated at the CrowdTuesday: The Impact of Alternative Finance on the Startup and SME Ecosystem conference, organized by the European Crowdfunding Network AISBL (ECN) and RealMarket in Belgrade. With attendees from the crowdfunding and blockchain industry, as well as the scientific community and regulatory milieu, the conference analysed […]

Shortlisted for the M&A Deal of the Year and the Energy & Resources Deal of the ...

Karanovic & Partners is a finalist for the 2019 ALB China Awards in two categories – the M&A Deal of the Year and the Energy & Resources Deal of the Year. Our practice was nominated for these prestigious awards, organized by Asian Legal Business – a leading source of intelligent information for businesses and professionals, […]

North Macedonia

By signing the Stabilization and Association Agreement with the European Communities and their Member States (“SAA”), the Republic of North Macedonia committed itself to the free movement of capital, one of the basic principles upon which the European Single Market is based. This principle implies phase liberalization of capital flows. The transition into the second […]

North Macedonia

The legal protection of consumers when concluding consumer credit agreements is one of the priorities and goals of the Republic of North Macedonia directed towards creating a single market, harmonized with the overall legislation of the European Union. The Law on Consumer Protection in Case of Consumer Credit Agreements (“Law”) already provided that the creditor […]

Legal 500 ranks Karanovic & Partners

We are proud to announce Karanovic & Partners is once again recognized as a leading law firm on the 2019 Legal 500 rankings. The renowned UK-based directory places attorneys at law cooperating with Karanovic & Partners, in 10 practices, across 5 jurisdictions as Tier 1 – the highest and most prestigious ranking available. Attorneys at […]

Karanovic & Partners traditionally supports

With ever-growing attendance and popularity, Karanovic & Partners continued its traditional support to the XI Belgrade Arbitration conference and the Belgrade pre-moot, organized by the University of Belgrade, Faculty of Law. Milan Lazić, Senior Partner and Head of the Dispute Resolution team chaired the first panel on the conference, titled Arbitrators – Friends or Foes. […]

Upcoming Student Workshop

Karanovic & Partners is pleased to invite you to our student workshop, titled “How to Start-up: Navigating the legal complexities”. Organized in cooperation with the University of Belgrade, Faculty of Law, this workshop is intended for fourth year and Master’s students. Ivan Nonkovic, partner and independent attorney at law in cooperation with Karanovic & Partners, […]

North Macedonia

After the announced reform of the public procurement procedures in 2017, at the beginning of this year the National Parliament adopted the new Public Procurement Law (“Law”). This new piece of legislation embodies the current EU public procurement rules and sets the legal landscape which is expected to result with transparent and efficient spending of […]

Legislation update Serbia

As we previously highlighted, the last changes of the Foreign Exchange Law brought important novelties in the sphere of foreign exchange supervision. Specifically, starting from 1 January 2019 the National Bank of Serbia (“NBS”) assumed the competencies from the Tax Administration for performing foreign exchange control of operations of all types of residents and non-residents. […]

Karanovic & Partners Victorious in Two Jurisdictions

We are pleased to announce that Karanovic & Partners, in cooperation with local lawyers, won two Deal of the Year awards – ArcelorMittal Zenica, Finnish Fund for Industrial Development, KPA Unicon Oy, and City of Zenica PPP in Bosnia and Herzegovina and for PPF’s Acquisition of Telenor’s Telecom Business in Montenegro. Awarded by the renowned […]

Banking and Finance News: Serbia

There are certain new developments related to employee share schemes (“ESS”) in Serbia that could finally lead to enabling of application of foreign companies’ ESS to Serbian employees as well. Foreign companies commonly expressed interest to offer some form of ESS to the employees engaged in their subsidiaries in Serbia, allowing them to profit of […]

Conference organized by the Association of Serbian Banks

On 14 and 15 March, Karanovic & Partners participated at the Banking between Mediation and Digitalization conference, organized by the Association of Serbian Banks. The event concerned itself with mediation as a form of dispute resolution, as well as other burning topics in banking, with the idea of opening the way for emerging innovative technologies […]

Karanovic & Partners organizes a Presentation

On 21 March, Karanovic & Partners held the “New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask” presentation at our Belgrade office. The event was attended by over 70 representatives from leading Serbian companies, as well as legal and HR professionals. Partner* Goran Radošević and Senior Associates* Sanja […]

Slovenia - Latest Amendments to the Tax Legislation

The proposed amendment to the Slovenian Tax Procedure Act, implementing the Directive 2018/22 on the automatic exchange of information, sets out new rules for reporting on information related to certain cross-border arrangements of the companies to the Financial Administration of the Republic of Slovenia (“FURS”). According to the proposed amendments, Slovenian tax consultants or companies […]

Serbia - Latest Amendments to the Tax Legislation

The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued. Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows: 4.98% for short term loans in RSD, 5.69% […]

New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 1 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides a tax rate of 10%, the new PIT Law envisages a tax rate of 18% and 15%, applicable to different types of income. Тhe PIT […]

Montenegro - Latest Amendments to the Tax Legislation

In January 2019, a new Regulation for the Implementation of the Customs Law in Montenegro (“Regulation”) has entered into force. The most significant changes relate to transit under TIR and ATA carnets. There is a new strict method of conducting the movement check for such goods, documents that should be provided to the customs authorities […]

Croatia - Latest Amendments to the Tax Legislation

Under the new Contributions Act, mandatory insurance now covers management board members, executive directors and liquidators in companies, unless they have mandatory insurance on another basis. When appointed to those functions (even when not employed), they are obliged to pay contributions on a monthly basis. This obligation includes contributions for pension insurance and an increased […]

Bosnia and Herzegovina - Latest Amendments to the Tax Legislation

As of 1 January 2019, a new Property Transfer Tax Law is applicable for the transfer of property in the capital of Bosnia and Herzegovina, Sarajevo, and the entire Sarajevo Canton (published in the Official Gazette of the Sarajevo Canton no. 28/18). The new law regulates tax issues on real estate transfers, as well as […]