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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


Transaction complete: Mid Europa Partners sells Bambi

The leading private equity investor in Central and Eastern Europe Mid Europa Partners sold Bambi, the leading Serbian biscuit and confectionary maker, to Coca-Cola HBC. The sale was completed on 18 June, and Bambi, one of the most recognisable brands in Serbia, will continue its development under Coca-Cola HBC.

Use of a Feed-In Premium for Photovoltaic Electricity

The Government of North Macedonia announced an open call for awarding a contract for the use of a feed-in premium for electricity produced in photovoltaic power plants (“PVPPs”) on state land in North Macedonia, with total installed capacity of 35 MW. Two locations are envisaged for construction of the PVPPs – Azambegovo (Sveti Nikole) and Manastirec (Makedonski Brod). Bidders can submit a bid for three PVPPs, at most, for the location of Azambegovo, as well as one PVPP on the location of Manastirec. The installed capacity of the PPVPs on the mentioned locations can be 10 MW, 5 MW, 2 MW and 1 MW depending on the parcel. The term of the contract for the use of a feed-in premium will be 15 years.

Welcome to the Slovenian Legal Market

This article is written by Marko Ketler and originally published in Issue 6.4 of the CEE Legal Matters Magazine.

Investing in the Slovenian Automotive Production Industry

This article was written by Igor Angelovski and was originally published in Issue 6.2 of the CEE Legal Matters Magazine. 

Niš-Ekspres Fined for Abuse of Dominance

June 2019 - EU & Competition. Legal Developments by Karanovic & Nikolic.

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On 24 May, the Serbian Competition Commission fined the bus company Niš-Ekspres from Niš (“Niš-Ekspres”) for the abuse of dominant position in the amount of RSD 40,726,439 (app. EUR 345,000), which is 1.3% of the total turnover generated by Niš-ekspres in 2016.

What to watch out for in case of a hard Brexit and ZUVIZK

June 2019 - EU & Competition. Legal Developments by Karanovic & Nikolic.

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The European Commission consistently emphasises the citizens’ rights and status in its hard Brexit preparations and contingency works. It appealed to EU Member Stats to take a generous approach towards the rights of UK citizens in the EU, given that the UK reciprocates such an approach. Therefore, in line with the Commission’s “no-deal” Contingency Action Plan, the Slovenian Government proposed and the Parliament adopted the Act regulating certain issues in the event of the withdrawal of the United Kingdom of Great Britain and Northern Ireland from European Union without an Agreement (ZUVIZK).

Karanovic & Partners wins the Law Firm of the Year Award

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. 

Serbia: The Registration Of Ultimate Beneficial Owners

February 2019 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic.

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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).

Karanovic & Partners joins Ius Laboris

December 2018 - Employment. Legal Developments by Karanovic & Nikolic.

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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 has been advising multinational companies, international organisations and diplomatic missions on the Serbian market for over a decade and joining a global employment law alliance is an important step for us in strengthening the multi-jurisdictional and HR law integrated consultancy approach for our clients." stated Milena Jakšić Papac, Head of Employment Practice Group, of Karanovic & Partners.

Dragan Karanović, a Founding Partner of Karanovic & Partners, commented: "We prepare our lawyers to meet the challenges of increasing pressures in their practice development, as we have been managing some of the largest cases on the market and in the region. The exposure that our employment law experts have through the global Ius Laboris alliance – in terms of know-how, co-operation, global projects and exposure, will have a great impact on the new labour law services offering of our employment law practice."

Sam Everatt, Executive Director of the global employment law alliance Ius Laboris, added: "The new affiliation is part of the alliance's strategy of strengthening the global footprint in key regions and we are very pleased to welcome Milena and her employment practice team in the Alliance. We have worked with Milena's team on many multinational projects advising on all aspects of employment and labour law and look forward to providing our clients with a stronger presence in Southeast Europe. Milena is also President of the HR committee of the Foreign Investors Council in Serbia and we are sure she will have a leading role in the alliance as well."

Ius Laboris is the world's largest, integrated alliance of human resources and pensions law firms. It provides clients with highly specialized advice and support worldwide, as well as access to over 1,400 of the world's best human resources law practitioners, based in more than 160 cities in over 50 countries.

Karanovic & Partners: The 13th Traditional Conference on Competition Law and Data Protection

December 2018 - EU & Competition. Legal Developments by Karanovic & Nikolic.

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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 discuss the most important current issues in the fields of competition law and data protection.

The event was also the launch of the 12th edition of Karanovic & Partners' annual publication - Focus on Competition, featuring the latest updates and developments from the local, regional, European and global practice of competition law.

The conference was divided into three parts – the welcome and opening speeches, followed by two panel discussions.

The Importance of the Rule of Law and Deeper Specialization in Different Areas of Law

Mr. Rastko Petaković, the Managing Partner at Karanovic & Partners, welcomed the guests and stated that a broader and deeper understanding of all of the related areas of law, including competition and data protection, is a necessity.

"The complexity of these areas requires daily immersion – both in the case of competition law and data protection. In turn, this leads to a better understanding of our clients' needs, said Mr. Petaković.

His Excellency, Mr. Pertti Juhani Ikonen, the Ambassador of Finland to Serbia, officially opened the conference stating that one of the reasons why Nordic countries are prosperous is that they almost always play on the same field and share the same values. "This is due to the rule of law and good governance", the Finnish Ambassador said.

Competition and the Welfare of Citizens

The President of the Serbian Commission for the Protection of Competition, Mr. Miloje Obradović, in his speech stated that the Serbian Competition Commission traditionally supports this conference. He also talked about the state of competition in Serbia and the Commission's work over the past year, pointing out that the institution's goal is market competitiveness.

"The contribution of an efficient protection of competition to the economic growth and welfare of Serbian citizens is a challenge, but the Commission is very well aware of its competences in that sense", Mr. Obradović said.

The Assistant Minister of Trade, Tourism and Telecommunications of the Republic of Serbia, Mr. Jovan Stojić, welcomed the participants on behalf of the Vice-President of the Government and the Minister of Trade, Tourism and Telecommunications.

Mr. Stojić, also being the President of the Working Group for the Preparation of the new Competition Law, specifically talked about the preparations for the new law. He highlighted that "the working group in charge of drafting the law is very heterogeneous, adequately bringing together professionals from the competent ministries and state authorities, but also representatives of the relevant stakeholders' associations".

Competition and Economy – Serbian and European Perspectives

The first panel, titled "Competition Law and Economy: the Serbian and European perspectives" was moderated by  Mr. Bojan Vučković, Partner ⃰ at Karanovic & Partners' Competition department. The panellists included: Mr. Marko Obradović, Member of the Council of the Serbian Commission for the Protection of Competition; Ms. Maria Dreher, Counsel at the multinational law firm  Freshfields Bruckhaus Deringer; Mr. Akos Reger, founder of the competition economics consultancy firm Allegro Consulting, Brussels; and, Ms. Adrijana Despotović, Head of Legal at Knjaz Miloš.

The panellists talked about the importance of cross-border communication and coordination between legal and economic advisors or national competition authorities; economic analysis and its impact on the shaping of antitrust or private enforcement cases; innovations and improvements of detection tools and actions used by competition authorities; as well as the importance of competition and regulatory compliance.

Data Protection and GDPR

The second panel, titled "The Protection of Personal Data: Compliance with GDPR", was moderated by Mr. Goran Radošević, Partner ⃰ at Karanovic & Partners' Commercial department. The panellists included: Ms. Nevena Ružić, Assistant General Secretary and the Head of the Sector for Harmonization of the Office of the Commissioner for Information of Public Importance and Personal Data Protection; Ms. Marijana Poznan, Head of Legal at Fresenius Medical CareMs. Sanja Spasenović, Senior Associate ⃰ at Karanovic & Partners; and, Mr. Kevin Rihtar, Associate at Karanovic & Partners.

The discussion focused on the new Serbian Data Protection Law, which is to become applicable in August 2019, as well as the experiences, from the perspective of Slovenia, in the implementation of the GDPR. The panellists discussed the practical and somewhat challenging implications of the application of the new data protection regulations.

⃰ Independent attorney at law in cooperation with Karanović & Nikolić.

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