Banking and Finance News: Serbia
The Law on Financial Collaterals – Two Steps Forward, One Step Back
On 8 June 2018, the Serbian Parliament adopted the Law on Financial Collaterals (“FC Law“) which will become applicable on 1 January 2019. Financial agreements that are not fulfilled by 1 January 2019 will be implemented pursuant to the rules that were in force before that date. Simultaneously, the Insolvency Law (“Insolvency Law“) was amended to support proper functioning […]
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Corporate and Commercial News: Serbia
Serbia Adopts the Law on Ultimate Beneficial Owners Central Registry
On 25 May, the Serbian Parliament adopted the Law on Ultimate Beneficial Owners Central Registry (“Law”) and it entered into force on 8 June 2018. This Law was adopted in order to harmonise domestic legislation with international standards and to improve the existing system of detecting and preventing money laundering and the financing of terrorism. The the […]
Read more The Acquisition of Telenor Banka
PPF Acquiring Telenor Banka
PPF Group, a Czech investment firm, signed a contract with Telenor Group, the Norwegian telecoms giant, on the acquisition of 100% of the shares in Telenor Banka, the first online bank in Serbia. The Karanović & Nikolić legal team – led by partner Miloš Jakovljević ⃰ and associates Sava Drača ⃰ and Marija Vićić ⃰, having previously advised PPF Group on […]
Read more Karanović & Nikolić At The Balkan Legal Forum
The Future of Law – Technology and Legal Services in SEE
On 15 and 16 Jun, the 10th edition of the Balkan Legal Forum took place in Vienna, Austria. Karanović & Nikolić is honoured to have been an important part of this year’s agenda – Senior Partner Patricia Gannon opened the forum, while Managing Partner Rastko Petaković moderated “The Legal Needs of Different Industry Sectors” panel. […]
Read more Views - Relja Mirkov
A Study In Red – The Importance Of Louboutin Shoes For European Trademark Law
On 12 June 2018, Christian Louboutin’s won a key legal battle in the war over the trademark of his red soled shoes when the European Court of Justice (ECJ) stated that their red colour was separate from the shape of the soles. For a bit of background, Paris-based Christian Louboutin has marketed the red-bottomed shoes […]
Read more Corporate and Commercial News: Serbia
Serbia Amends Company Law
The Serbian Parliament adopted amendments to the Serbian Company Law (Law) on 8 June 2018, and they were published in the official journal on the same date. This is the first overhaul of the Serbian Company Law since it was enacted back in 2011. Most of the amendments relate to the introduction of the concepts required […]
Read more Karanović & Nikolić Wins The 2017 CEELM Deal Of The Year Award
Čibuk 1 Windfarm Announced to be the Landmark Deal of the Year
We are pleased to announce that Karanović & Nikolić has won the 2017 CEELM Deal of the Year Award for Serbia for the EBRD and IFC financing of Vetrolektrane Balkana – Čibuk 1 Windfarm. Organized by the renowned CEE Legal Matters magazine, this is the first year that these awards were held and they are […]
Read more CEE Legal Matters Deal of the Year Award for Serbia
Karanović & Nikolić Wins the 2017 Deal of the Year Award
We are pleased to announce that Karanović & Nikolić has won the 2017 Deal of the Year Award for Serbia for the EBRD and IFC financing of Vetrolektrane Balkana – Čibuk 1 Windfarm. Organized by the renowned CEE Legal Matters magazine, this is the first year that these awards were held and they are a way of […]
Read more Karanović & Nikolić At The 2018 Balkans M&A And Private Equity Forum
Private Equity Trends and the Macro Outlook in the Focus of the Balkans M&A and Private Equity Forum
Rastko Petaković, managing partner at Karanović & Nikolić, held a presentation of the latest private equity trends CEE region on the 2018 Balkans M&A and Private Equity Forum. Organized by Mergermarket, a leading media company that provides specialist news, research, analysis and data on financial markets, this is the second year this conference was held […]
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Reshaping The Financial Landscape
Recently, I attended the xCEEd conference in Belgrade – the leading FinTech event in Central and Eastern Europe. The theme of this year’s conference was “Road Mapping the Digital Future”, focusing on the practical application of financial technologies in CEE. Supported by the UK Department for International Trade, this is the second year that this […]
Read more Competition and Antitrust News: Serbia
Serbia: Athletics Equipment Distributors Under Investigation for Failure to Notify Exclusivity
Following a tip, the Serbian Competition Commission (the “Commission“) recently started investigating the business relationship between GR Sport and Polanik, a Polish company, concerning an alleged infringement of competition – the conclusion of a restrictive agreement which was not notified for prior exemption under the applicable legal framework. During the preliminary inquiry, the Commission gathered data from […]
Read more Geographical Indications Of Origin
In Serbia, Where The Past Fuels The Future
This article was written by Dragomir Kojić, Partner ⃰, and Tamara Bubalo, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine. Geographical indication of origin, this very peculiar form of industrial property protection, has undergone a revival phase over the past few years, thus becoming more omnipresent not […]
Read more Energy and Natural Resources News: Montenegro
Montenegro to Publish a Tender for a 200 MW Solar Power Plant
The Montenegrin Government plans to publish a tender for the lease of state land for the purpose of constructing a solar power plant in the municipality of Ulcinj. According to the announcement, the tender envisages a total of 6,621,121 square meters of land for the planning, construction, exploitation, and maintenance of a solar power plant at Briska […]
Read more Energy and Natural Resources News: Montenegro
Striving Towards The Black Gold
This article was written by Petar Mitrović, Partner ⃰, and Nikolina Kažić, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine. The first upscale exploration of oil and gas in Montenegro started in 1914, when King Nikola Petrović approved the National Assembly’s decision for oil exploration around Lake […]
Read more Competition and Antitrust News: Serbia
Dawn Raids: Serbian Competition Commission Investigates Distributors of Childcare Products
On 24 April 2018, the Serbian Competition Commission (the “Commission“) conducted dawn raids against local distributors of baby and infant products, Yuglob and Keprom. The dawn raids happened on three locations in Belgrade, during which the Commission collected the documentation it considered necessary for further investigation. Dawn raids are a special investigation tool. During raids, […]
Read more Banking and Finance News: Serbia
The Serbian Law On Foreign Exchange Amended
On 20 April 2018, the amendments to the Law on Foreign Exchange (the “Law”) were adopted and will enter into force on 28 April 2018. Exceptionally, the application of certain provisions related to the assuming of competencies over foreign exchange control by the National Bank of Serbia is delayed until 1 January 2019. The main […]
Read more Employment News: Serbia
New Serbian Law on Foreigners Adopted
In March 2018, the new Serbian Law on Foreigners was adopted, replacing the 2008 version of this law – in force until recently without any amendments. The new law will enter into force on 3 October 2018. While retaining the general concept of the previous law, the new legislation introduces certain novelties in terms of the […]
Read more The Use Of Artificial Intelligence In Law
How Just Is Machine Justice?
Artificial intelligence is a burning topic in many sectors today and the legal industry is no exception. Recently, at the World Services Group annual employment law conference held in February, AI was heavily debated along with its’ impact not only on the legal profession, lawyers, clients, the way business is done, but also on our […]
Read more Legal 500 Rankings for 2018
Karanović & Nikolić Recognized As Top Tier Law Firm By Legal 500
We are proud to announce that Karanović & Nikolić and its cooperating lawyers have once again been recognized as a top tier law firm on the 2018 Legal 500 list of leading law firms. This prestigious UK-based directory provides comprehensive worldwide coverage on recommended law firms. “Karanović & Nikolić’s newest rankings on the Legal 500 […]
Read more Competition and Antitrust News: Montenegro
Montenegrin Competition Agency takes over State Aid Control
As of recently, state aid control is a part of the Montenegrin Competition Agency‘s (the “Agency“) scope of authority. The Montenegrin Parliament enacted a new State Aid Control Law (the “State Aid Law“), largely aligned with the EU legal framework – especially with Articles 107 and 108 of the TFEU. In the institutional sense, the new law grants […]
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