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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 […]

Law Firm of the Year for Eastern Europe and the Balkans

We are proud to announce that Karanovic & Partners is the 2019 winner of the prestigious Law Firm of the Year award, in the Eastern Europe and the Balkans category. This is the third time that Karanovic & Partners is selected among some of the best law firms in Europe to take home this renowned […]

This article was originally published by the Business Coaching magazine, issue N...

Lawyers are generally thought of as intelligent, ambitious, talented and argumentative people – when we imagine a successful lawyer, we think of an assertive, independent person often complemented with a healthy ego. They are people with huge responsibilities and, often, under a lot of pressure. Considering the very nature of the practice of law, one […]

Bosnia and Herzegovina

The National Assembly of the Republic of Srpska adopted the Law on the amendments to the Law on Renewable Energy Sources and Efficient Cogeneration (Law) in an urgent procedure, abolishing subsidies for the production of electricity from wind power plants in the Republic of Srpska. The Law will enter into force eight days after its […]

Traditional student workshop at the Belgrade Faculty of Law

Karanovic & Partners is pleased to invite you to our traditional student workshop “Managing Emotions in Labour Disputes – More than Law”, organized with the University of Belgrade, Faculty of Law. Labour disputes, due to their legal complexity, often include a number of existential, social or very personal issues and problems. In situations like that, […]

Karanovic & Partners ranked by top legal directory

We are pleased to announce that Karanovic & Partners is once again listed on the top of the most recent list of the best law firm in Europe by the prestigious Chambers Europe 2019. Clients, commenting on the firm, say that Karanovic & Partners knows how to bridge the gap and protect your interests as […]

This interview was originally published by CEE Legal Matters

“Two major things are happening right now which are the focus of our practice: The Tech Industry and Chinese Investors,” says Ivan Nonkovic, Partner and independent attorney at law in cooperation with Karanovic & Partners in Belgrade. “Both things are happening all over the region,” he concedes, ”so not exclusively in Serbia, but they’re definitely […]

This Article was originally published in Issue 5.9 of the CEE Legal Matters Maga...

It is not uncommon for post-communist societies to wrestle with the idea of competition enforcement. Executives of a more old-school bent are often confounded by having something which once was common market practice, sometimes even mandated by the state, now scrutinized and considered a serious infringement of law. This is why competition advocacy is a […]

Karanovic & Partners advises renowned Czech investment group in latest transacti...

After obtaining the necessary regulatory approval from the National Bank of Serbia, PPF Group acquired Telenor Banka, the first fully mobile and online bank operating in Serbia. Having advised PPF Group on the EUR 2.8 billion acquisition of Telenor’s assets in Central and Eastern Europe, the Karanovic & Partners legal team – led by partner […]

The acquisition of one of the most recognisable brands in Serbia

Coca-Cola HBC announced the agreement to acquire Bambi, the leading Serbian biscuit and confectionary maker, from Mid Europa Partners, the leading private equity investor in Central and Eastern Europe. Karanovic & Partners, working together with White & Case and KPMG, advised Mid Europa Partners in this transaction – which is now subject to customary competition […]

Leading law firm listings

We are proud to announce that Karanovic & Partners has once again been top-ranked on the most recent Chambers Global leading law firm listing. The 2019 Chambers Global guide highlights the Corporate & Commercial practice group in the jurisdictions of Montenegro and Serbia as belonging to band 1. Founding partner Dragan Karanović – whom clients […]

CEE Legal Matters Deal of the Year Award 2019

After winning the Deal of the Year Award in 2018, Karanovic & Partners is this year once again in the finals for this prestigious accolade – this time with 5 deals and in 5 jurisdictions. Organized by the renowned CEE Legal Matters magazine, these awards are a way of recognizing the biggest and most important deals […]

Data Protection News

The US tech giant, Google is finned EUR 50 million by France’s data protection regulator, CNIL, for failing to comply with its General Data Protection Regulation (GDPR) obligations. This is the biggest GDPR fine yet to be issued by a European regulator and the first time that one of the tech giants has been found […]

Karanovic & Partners Supported a Major IT Transaction

Karanovic & Partners is proud to support Epic Games in their acquisition of 3Lateral, the leading developer of digital humans technology and creative content. Our team was led by Senior Partner Marjan Poljak, Partner ⃰ Ivan Nonković and Associate ⃰ Marko Ćulafić.   ⃰ Independent attorney at law in cooperation with Karanović & Partners.

New Generation of Senior Associates Announced

Karanović & Partners is pleased to announce that Milorad Gajić, Andrej Jelenković, Mina Srećković, Amina Đugum and Lejla Popara, have been named Senior Associates.* These talented individuals have established themselves as key members of our team, and their promotion reflects their professionalism, as well as exemplary service to clients. “It is a privilege to see these young lawyers […]