With the war in Ukraine affecting a number of business sectors, Serbia still manages to have a very vibrant market with a number of important projects being developed primarily in the infrastructure and energy sectors, according to Karanovic & Partners Managing Partner Darko Jovanovic.

Montenegro’s new economic plan, together with tax and insurance-related reforms, aligns with the country’s aspiration to become an attractive destination for foreign investors and digital nomads, according to Milena Roncevic Pejovic, Attorney at Law in cooperation with Karanovic & Partners.

Fabiani, Petrovic, Jeraj, Rejc Attorneys-at-Law has advised the Pipistrel Group on its sale to Textron. Ketler & Partners, a member of Karanovic, advised Textron on the deal. Solo practitioner Matija Premrl reportedly advised the Pipistrel Group as well, with Latham & Watkins reportedly advising Textron.

This review was prepared for Ukrainian refugees by the law firm Ketler & Partners, a member of Karanovic, upon request and in coordination with the international legal network Multilaw and Ukrainian law firm Arzinger. The review is as of March 11, 2022. The review is not a legal advice and is for informational purposes only. For updates, please follow www.multilaw.com and/or www.arzinger.ua

This review was prepared for Ukrainian refugees by the law firm Karanovic & Partners upon request and in coordination with the international legal network Multilaw and Ukrainian law firm Arzinger. The review is as of March 11, 2022. The review is not a legal advice and is for informational purposes only. For updates, please follow www.multilaw.com and/or www.arzinger.ua

This review was prepared for Ukrainian refugees by the law firm Ilej & Partners in cooperation with Karanovic & Partners upon request and in coordination with the international legal network Multilaw and Ukrainian law firm Arzinger. The review is as of March 11, 2022. The review is not a legal advice and is for informational purposes only. For updates, please follow www.multilaw.com and/or www.arzinger.ua

Karanovic & Partners has advised BIG Shopping Centers on the EUR 95 million acquisition of Delta City Mall from Hystead Limited. CMS advised the seller.

Ketler & Partners, a member of Karanovic, has advised KraftPal Group on its EUR 122.9 million equity investment from Pasaca Capital. Reportedly, UK-based Ignition Law, Austria-based Herbst Kinsky, and Finland-based Lexia advised KraftPal Group as well, with Novak Law Firm and Jerovsek Malis advising minority owners.

Karanovic & Partners has announced the appointment of Senior Partner Darko Jovanovic as the new Managing Partner of the firm.

Karanovic & Partners has advised Abris Capital Partners and Patent Co. founders Radivoje Perovic and Miodrag Perovic on the sale of Patent Co. to RWA Raiffeisen Ware Austria. JPM Jankovic Popovic Mitic advised Patent Co.'s founders as well. Wolf Theiss advised RWA.

Karanovic & Partners has announced it entered into a full cooperation with CR Partners to enter Albania.

Ketler & Partners, a member of Karanovic, has advised Invera Equity Partners on its acquisition of a 58.2% stake in Marles Hise Maribor. Rojs, Peljhan, Prelesnik and Partners reportedly advised Marles on the deal.

While public perception in Serbia on joining the EU has generally been positive, according to Karanovic & Partners Senior Partner Dragan Karanovic, “recent research suggests that the overall enthusiasm of the public has taken a slight decrease, establishing a polarized, almost fifty-fifty view towards EU accession.”

Savoric & Partners has advised Deltron on its 80% sale to Beijer Ref. Ilej & Partners, in cooperation with Karanovic & Partners, advised Beijer Ref on the deal.

Karanovic & Partners, working with Freshfields Bruckhaus Deringer in Brussels, has advised the Ardent Group on the Serbian aspects of its sale of Gaming1 to CVC Capital Partners Fund VIII. Allen & Overy advised CVC on its investment and related financing.

On 19 November 2021 the Parliament of the Republic of Serbia enacted amendments to the Company Law. The amendments are applicable as of 27 November 2021, except for certain clauses for which a deferred implementation is provided. This is the seventh time the Company Law undergoes changes since it was enacted ten years ago.

Karanovic & Partners has advised the Green for Growth Fund on extending its RSD 1.7 billion loan facility with UniCredit Bank Serbia.

The end of 2021 has marked adoption of the new Law on Capital Market (the “Law”) in Serbia, which was published on 28 December 2021. The Law was adopted in line with the recently enacted Strategy for Development of the Capital Market for the period 2021-2026 and within a wider process of accession of Serbia to the EU.