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Editorial

Legal market overview

Traditionally characterised by stagnant growth and high unemployment rates, Serbia is now a candidate country for European Union membership; the country’s public debt has fallen and Serbia’s economy has recently experienced robust growth, which is expected to continue throughout 2019. However, trade tensions with Kosovo - the 2008 secession of Kosovo has not to date been recognised by Serbia - have been high; in November 2018, Kosovo raised customs tariffs on Serbian goods to 100 per cent, which was in response to Serbia’s blocking of Kosovo from becoming a member of international police organisation, Interpol.

Strong domestic law firms across several practice areas include JPM Jankovic Popovic & Mitic and Karanović & Nikolić; significant regional firms to note are Moravcevic Vojnovic and Partners in cooperation with Schoenherr, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss and Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz. Harrisons Solicitors is an English law firm with an office in Serbia.

Headline news for the Serbian legal market includes JPM Jankovic Popovic & Mitic's former partners  Uros Markovic, Nikola Vukotic and Marko Jovkovic exiting the firm in late 2017 to found MVJ marković vukotić jovković, a business law boutique with expertise in M&A, real estate, energy and infrastructure projects.

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Legal Developments in Serbia

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  • 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

    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

    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

    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

    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.
  • Karanovic & Partners: 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 discuss the most important current issues in the fields of competition law and data protection.

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