The Legal 500

Karanovic & Nikolic

Work +381 11 30 94 200
Zagreb, Skopje, Sarajevo, Podgorica, Ljubljana, Belgrade and 1 more


Top-tier recommendations



Within Competition, Karanovic & Nikolic is a first tier firm,

Karanovic & Nikolic is ‘probably the best in Serbia’. Practice head Rastko Petaković is consistently praised and has attracted an impressive client list which includes Philip Morris and United Serbian Breweries. The firm is advising a leading regional food and drink producer on various merger control matters.

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Within Corporate, M&A and privatisation, Karanovic & Nikolic is a first tier firm,

High-class’ firm Karanovic & Nikolic is a major regional player, providing ‘almost flawless’ advice. Headline work included acting for domestic flag carrier Air Serbia, formerly JAT Airways, on its €200m strategic partnership with Etihad Airways, including the sale of a 49% stake to Etihad. The large team is led by Dragan Karanović (the ‘finest and best’), with Dejan Nikolić and Miloš Vučković also being standout partners. Other clients include Philip Morris, Pfizer and French multinational Saint-Gobain.

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Within Intellectual property, Karanovic & Nikolic is a second tier firm,

Karanovic & Nikolic’s specialist team is led by the experienced Dragomir Kojić. It advises global leaders in a variety of industries, including acting for Microsoft on copyright protection and anti-piracy throughout the region.

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Within Legal market overview Leading individuals

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Within Real estate, Karanovic & Nikolic is a first tier firm,

Karanovic & Nikolic has a ‘highly knowledgeable and strong team’ led by Jasna Milosavljević, who is ‘very skilled within the field’. Recent work includes advising Industrial Building Corporation on the construction of the first retail park in Serbia, and acting for KWS on its proposed €20m purchase of land for industrial development. Clients highlight the team’s supportive and business-minded advice.

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Further information on Karanovic & Nikolic

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Legal Developments by:
Karanovic & Nikolic

  • Corporate Recent News Highlights

    Recently in Serbia, a set of laws governing the business operations of companies has been adopted. Among them the most important is the new Company Law, which came into force on 1 February 2012.
    - Karanovic & Nikolic

Legal Developments in Serbia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Amendments to Transfer Pricing Rulebook

    In our Newsletter 17/2013 , we presented novelties introduced into Serbian transfer pricing regulations by the new Rulebook on Transfer Pricing and Arm's Length Methods Applicable to Determination of Prices in Transactions Between Related Entities (" Rulebook "), which elaborates on the statutory requirement for mandatory transfer pricing documentation for FY 2013 and onwards.
  • Serbian brewery fined in Bosnia for abuse of dominance

    On 20 November 2013, the Bosnian Competition Council issued a decision establishing that the Serbian brewery "Apatinska" abused its dominant position on the relevant market of beer distribution in Bosnia and Herzegovina. The Council imposed a fine on the brewery in the amount of BAM 430,000 (EUR 215,000).
  • Photographs and the current events exception in Serbian copyright law

    The High Court in Belgrade and the Appellate Court in the same city have issued a few decisions in 2013 rejecting arguments by the defendants that their use of photographs, without the authorization of the copyright owners, was lawful because the photos were used within the context of reporting about current events. While the outcome in each case was identical, the judgments differ in the interpretation of the law. A reader is left unsure as to what the Serbian copyright law actually says about the current events exception to copyright infringement.
  • Serbian parliament adopts amendments to Competition Act

    Amendments to the Serbian Law on Protection of Competition were published in the Official Gazette on 31 October 2013 and will come into force on 8 November 2013. The adopted amendments to a large extent follow solutions from the draft which the Government submitted to the Parliament back in July this year. We devoted two earlier blog posts to various drafts of the amendments (apart from the Government's July draft , we also analyzed the initial draft published in April). Now that the amendments have ripened into law, it is worth providing an overview of the most important changes to the competition legislation.
  • Serbian competition authority publishes its annual report for 2012

    The Serbian Commission for Protection of Competition has published its Annual Report for 2012 . Because the Commission publishes its decisions and opinions randomly, the report offers an informative scan of the authority’s activities in the course of the previous year.
  • Opinion issued on public procurement and consortium agreements

    The Commission for Protection of Competition has issued an opinion(1) on public procurement and consortium agreements concluded between competitors in tendering and public procurement procedures.
  • Opinion issued on public procurement and consortium agreements

    The Commission for Protection of Competition has issued an opinion(1) on public procurement and consortium agreements concluded between competitors in tendering and public procurement procedures. The commission views consortium agreements as restrictive agreements, as they inevitably set prices and other commercial requirements for performing specific transactions. Therefore, such agreements must be submitted to the commission for an individual exemption.
  • Competition Authority clears three-to-two concentration in sugar market

    In February 2013 the Competition Authority cleared the takeover of Hellenic Sugar Industry SA by Sunoko doo, subject to structural and behavioural measures. Hellenic Sugar is the only producer of sugar in Greece which also owns two sugar production plants in Serbia. Sunoko, on the other hand, is a producer of sugar in Serbia, part of MK Group, a vertically integrated producer of agricultural products and also has various other activities related to agricultural production. The authority prohibited the takeover at first, but clearance was issued on a second attempt.
  • Competition Authority publishes results of petroleum derivatives market analysis

    In February 2013 the Competition Authority published the results of its sector analysis of the petroleum derivatives markets in Serbia in 2011. The analysis, carried out between April and
  • Mergers & Acquisitions 2013. Chapter 37 Serbia.

    This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London.