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On 18 December 2014 the National Assembly of the Republic of Serbia adopted a new Insurance Law ("Official Gazette of RS“, No. 139/2014), continuing the reformative process of improving the market of financial services in Serbia and harmonizing with European Union law, and ensuring the necessary conditions for additional liberalization of the market of insurance services, whereby significant changes were made as compared to the legislative solutions so far:

On January 29th, 2015 all special collective agreements in the Republic of Serbia ceased to exist. According to the latest amendments to the Labour Law that were enacted last year, the provisions of all collective agreements not contrary to the law remained in force for an additional 6 months, but as the 6 months expired on January 29th, 2015, all collective agreements were put out of force.

The public notary system has been introduced into Serbia by the Law on Public Notaries. The legislator's intention – declaratively standard: to lighten the burden on courts and thus increase their efficiency, and to improve legal certainty.

Law firms in Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, and Slovenia are preparing to launch a new legal alliance: Top-tier Legal Adriatic (TLA).

Privatization in Serbia began in 1989 with the major social and economic reforms introduced by Ante Markovic, the last Prime Minister of former Yugoslavia.

The Serbian JPM Jankovic Popovic Mitic law firm has advised the owners of Milos Klinika on its sale of 100% of its stake to the Blue Sea Capital Investment Fund. 

Luther has advised the shareholders of the Performance Interactive Marketing Alliance (PIMA) on the incorporation of four leading German online marketing firms who merged into it, with the involvement of funds advised by the Equistone Partners Europe (EPE) private equity firm. 

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Karanović & Nikolić is a leading international legal practice in South East Europe that offers unrivalled regional and sector specific coverage to investors. As a market leading practice, our dedication, quality legal service, and in-depth understanding of the needs of our clients stands out as a differentiating factor. With over 100 advisors across the region, our original values remain an integral part of our philosophy and approach to client work. Karanović & Nikolić has been involved in many of the largest and most complex transactions in the region and we take pride in our reputation as a regional transactional and corporate/commercial legal powerhouse.

Because we have an active business presence in Bosnia & Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia, we operate seamlessly across all of these jurisdictions, providing regional services to our clients, while taking into consideration local particularities in order to provide the best legal advice under competitive terms. Renowned for the quality of our lawyers and our commercial approach to solving problems, Karanović & Nikolić advises many of the leading companies, banks, investors and government institutions doing business in the SEE region.

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