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Bid rigging in public procurement has caught significant attention of the Serbian Competition Commission (the “Commission“) in the past year. Following several letters of complaint from the public authorities and the Republic Commission for Protection of Bidders` Rights, regarding alleged cases of bid rigging involving companies from the same undertaking, the Commission has issued an official opinion on the matter (the “Opinion”).

In the last few months we could see that the Serbian Competition Commission (the “Commission”) was active in the area of public utility services, which are usually operated by a local public enterprise, traditionally a monopolist.

Gecic Law and DLA Piper have assisted Air Serbia in a European Commission investigation related to Etihad Airways’ investment in the Serbian Airline. According to Air Serbia, Karanovic & Nikolic was also involved in the first year of the process.

Non-performing loans (NPL) are one of the principal problems of Serbian banking sector.

Negotiation Chapters 23 and 24 have been opened at the Third Intergovernmental Conference between the European Union and Serbia, which was held on 18 July 2016. Chapter 23 is related to judiciary and fundamental rights and Chapter 24 is dealing with justice, freedom and security. Opening of these significant chapters is a big step for Serbia toward the European Union.

At the beginning of this year the Central Register of Temporary Restrictions of Rights of Entities Registered with the Serbian Business Registers Agency Act (RS Official Gazette No 12/2015) (hereinafter: “Act”) entered into force and on 1 June 2016 it became applicable so the Central Register of Temporary Restrictions of Rights of Entities registered with the Serbian Business Registers Agency (hereinafter: “The Central Register”) commenced with its function.

The 2016 has seen the establishment of a new and more robust mechanism for incentivizing filmmakers to use Serbia as the location of choice in the region. Besides the Government Regulation from 2015, new guidelines have been adopted and the annual public call for applications for year 2016 has been published (http://bit.ly/20pLU8x – only Serbian version available).

Serbia boasts significant mineral resources including lignite, copper, lead, zinc and industrial minerals. Geographical location and diversity of Serbia’s mineral resources are without doubt conducive factors to future investments in the mining sector.

OWith more than 6-months of delay, the Government of the Republic of Serbia finally adopted the following package of decrees setting out the new incentive scheme for green energy:

The new Enforcement and Security Act (hereinafter: the “Act”) entered into force on the 1 July 2016, except for certain provisions which came into force on 29 November 2015. The long expected innovation of enforcement and security procedures in Serbia brings significant changes. Among others, these are related to the scope of authorities of enforcement agents.

The new Law on General Administrative Procedure ("Official Gazette of RS" No. 18/2016), enacted on February 29, 2016, entered into force on March 9, 2016 ("the Law"). The Law will be applied from July 1, 2017, except for certain provision that will start being applied 90 days after the Law enters into force, i.e. from June 7, 2016.

One of the liveliest parts of the recently held panel discussion organised by the Association for Sustainable Development and the Youth Forum of the European Movement, was revolving around Serbia's obligation to reach 27% of its total consumption of energy to be coming from renewable energy sources (RES) by year 2020.

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Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups 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.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

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