Karanovic & Partners advises renowned Czech investment group in latest transacti...
It’s Official: PPF Group acquires Telenor Banka
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 […]
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The acquisition of one of the most recognisable brands in Serbia
Mid Europa Partners sells Bambi to Coca-Cola HBC
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 […]
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Top Ranked in the 2019 Chambers Global Guide
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 […]
Read more CEE Legal Matters Deal of the Year Award 2019
Karanovic & Partners Shortlisted With 5 Deals for Deal of the Year Award
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 […]
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GDPR Breach: Google Fined EUR 50 Million
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 […]
Read more Karanovic & Partners Supported a Major IT Transaction
Epic Games Acquires 3Lateral
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.
Read more New Generation of Senior Associates Announced
Karanovic & Partners Promotes New Senior Associates
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 […]
Read more Energy amd Natural Resources News: Macedonia
Stricter Rules For Awarding New Exploitation Concessions in Macedonia
After a long, complex and nation-wide discussion, on 9 January 2019, the Macedonian Parliament introduced stricter rules for obtaining exploitation concessions. Effective immediately, the novelties from the Minerals Law target potentially new mines, and they came as a result of the broad interest shown during the last couple of years concerning the environmental effects of the mining […]
Read more Corporate and Commercial News: Serbia
The Central Registry of Ultimate Beneficial Owners Established
As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […]
Read more Tax News: Serbia
Serbia Amends Tax Legislation
The Serbian National Assembly passed amendments to the tax laws, introducing incentives for the IT sector, tax exemptions for the transfer of property under concession agreements and tax exemptions related to income from employee share plans. Additionally, the new Law on Fees for the Usage of Public Goods Governing the Payment of Fees and Charges […]
Read more Tax News: Macedonia
Macedonia: Changes in The Tax Legislation
New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 01 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides the tax rate at 10%, the new PIT Law envisages a tax rate at 18% and 15%, applicable to different types of income. On 24 […]
Read more Competition and Antitrust News
Geo-Blocking: EU Commission Fines Guess EUR 39 Million
On 17 December 2018 the European Commission fined the clothing company Guess in the amount of EUR 39.8 million for restricting retailers from online advertising and selling cross-border to consumers in other Member States – i.e. “geo-blocking”. The Commission’s announcement of its fining decision complements the Regulation 2018/302 on unjustified geo-blocking (the “Regulation”), which came into force […]
Read more Stanton Chase Talent Management Awards
Karanovic & Partners Wins The 2018 Stanton Chase Most Innovative Talent Programme Award
We are honoured and delighted to announce that Karanovic & Partners won the Stanton Chase Talent Management Award in the Most Innovative Locally Developed Talent Programme category. These prestigious accolades are organized by Stanton Chase, the leading international retained executive search and consulting firm and are now in their fifth year. The idea behind the Awards […]
Read more Karanovic & Partners advised Zijin Mining in the Acquisition of RTB Bor
Zijin Mining Officially Takes Over RTB Bor
Zijin Mining, one of China’s biggest gold producers and the second biggest producer of copper ore, became a major shareholder of the Serbia’s sole copper complex RTB Bor, officially taking over on 19 December 2018. The Chinese company pledged to invest USD 1.46 billion in return for a 63% stake. Karanovic & Partners advised Zijin […]
Read more IFLR 1000 2019 Rankings
Karanovic & Partners Ranked as a Top-Tier Law Firm by IFLR 1000
We are proud to announce that Karanovic & Partners has been once again recognized as a top-tier law firm on the 2019 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 focusses on ranking law firms and lawyers on the basis […]
Read more Legislation Update: Serbia
Serbia Enacts A New Data Protection Law
In light of the new EU data protection scheme, shaped by the GDPR, Serbia has enacted a new Data Protection Law on 9 November 2018, with its’ applicability postponed for 21 August 2019. The new law was long-awaited: it has been 10 years since the existing law was passed, which was even at that moment […]
Read more Karanovic & Partners Welcome Milena Jakšić Papac as its Newest Partner*
New Partner To Strengthen The Ranks Of Karanovic & Partners
Milena joined Karanovic & Partners 10 years ago, and she is the head of the Employment practice group. During her distinguished career, Milena has demonstrated professional excellence of the highest order and significantly contributed to strengthening our regional practice. Apart from her deep commitment to the firm, Milena is also active in several organizations, she is […]
Read more Energy and Natural Resources News: Serbia
Renewable Incentives In Serbia Remain Unchanged In 2019
The Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (Decree) until the end of 2019. It was initially valid until the end of 2018. This means that new wind […]
Read more Karanovic & Partners Held the Yearly Conference on Competition and Data Protecti...
The 13th Traditional Conference On Competition Law And Data Protection
On 28 November 2018, Karanovic & Partners, together with the Friedrich Naumann Foundation for Freedom, held the Competition and Data Protection conference at the Hilton Belgrade hotel. This traditional yearly conference – now in its’ 13th year, gathered more than 120 experts from the business and legal community, as well as key regulators and stakeholders, to […]
Read more Karanovic & Partners Has Joined the World's Premier Global Network
Karanovic & Partners Joins Ius Laboris
We are proud to announce that Karanovic & Partners has joined Ius Laboris, the world’s premier global network of human resources law firms. The Employment practice of Karanovic & Partners in Serbia joined this prestigious organisation to reinforce its international HR advisory services for domestic and international companies. “The employment practice of Karanovic & Partners […]
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