CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised the shareholders of Maxbet on the sale of a 51% stake in the company to Flutter Entertainment for a cash consideration of EUR 141 million. Karanovic & Partners, working with Arthur Cox, advised Flutter Entertainment.
Trade secrets are an invaluable asset for many businesses, often encompassing years of research, innovation, and strategic development. Protecting them is paramount, and the legal landscape surrounding this protection is ever-evolving. The European Union Intellectual Property Office (EUIPO) recently published the report “Trade Secrets Litigation Trends in the EU” (June 2023), which provides fresh insights into the state of trade secrets litigation within the European Union.
Open call for granting non-refundable cash incentives and approval of loans with the aim of incentivizing the development of women’s entrepreneurship was published on 28 August as part of Program for incentivising the development of entrepreneurship through financial assistance for women’s entrepreneurship (Program).
The Government of the Republic of Serbia adopted amendments and supplements to the Excise Law (Law) on 6 September 2023.
In a critical move to face the rapidly evolving technological novelties and their immanent implications on the protection of personal data and the business environment in general, the Serbian Government adopted the Personal Data Protection Strategy 2023 – 2030 (the “Strategy”) late this August.
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As key steps, requirements, and timeline for becoming a Partner may vary from firm to firm, this time we asked: Does your firm have a formal Partnership Track and if yes, what does it involve?
JPM & Partners has advised Slovenia's Big Bang on its acquisition of Serbian online retailer BC Group. The Andric Law Office reportedly advised the sellers.
On 26 July 2023, the Serbian National Assembly adopted amendments to the Law on financial support for families with children.
In the ever-evolving world of technology, the boundaries of law are constantly being tested. With the most recent developments in generative AI (artificial intelligence – language and diffusion models), the boundaries of IP law are being tested to their absolute limits. A recent ruling by the United States District Court has brought to light a significant issue that could have implications everywhere in the world, across the spectrum of creative and knowledge industries.
The Serbian National Assembly adopted amendments to two key laws regulating the immigration status of foreigners in the Republic of Serbia – the Law on Foreigners and the Law on Employment of Foreigners.
In May 2023 the Government of the Republic of Serbia submitted the official Proposal of the Law on Amendments of the Law on Citizenship of the Republic of Serbia (the Proposal), which is currently in the process of deliberation within the National Assembly.
Schoenherr, working with Sullivan & Cromwell, has advised the Emirates Telecommunications Group Company – operating as E& – on its acquisition of a 50%-plus-one-share stake in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia, and Slovakia. White & Case and Karanovic & Partners advised the PPF Group on the up to EUR 2.5 billion sale and the setup of a joint venture with E&.
Karanovic & Partners has advised DS Smith on its acquisition of Serbian offset cardboard packaging and blister packaging company Bosis.
The Serbian parliament has adopted new amendments to the Law on Planning and Construction (“Construction Law”), introducing a series of novelties expected to significantly impact the construction industry, urban planning, and energy efficiency.
On Friday 21 July 2023, the Albanian Parliament adopted a law which legalizes medical cannabis and industrial hemp (“Cannabis Law”). The Cannabis Law allows licensed companies to cultivate and process cannabis and determines the criteria which must be met to obtain such a permit, but also regulates the cultivation process of the plant and the production of its by-products for medical and industrial purposes.
Karanovic & Partners has advised the OTP Group on its acquisition of the Ilirika Fund Management Company in Serbia.
In the long-awaited aftermath of the havoc caused by the CJEU’s decision (adopted in 2020 in the famous Schrems II case) to invalidate the previously existing EU-US Privacy Shield Framework, the European Commission adopted the adequacy decision promoting the new EU-US Data Privacy Framework (the “Framework”) on 10 July 2023.
Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised OTP Group members OTP Bank Plc Hungary and OTP Bank Serbia on project financing for Pannonia Bio. Karanovic and Partners advised Pannonia Bio.
Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.
We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.
In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.
We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.