06
Mon, Apr
66 New Articles

In order to speed up turnover of funds in the Serbian economy, the Serbian parliament enacted a piece of legislation in 2012 regulating the terms of payment in commercial transactions, including ones in which public sector entities are debtors, and regulating the public sector’s obligation to register the received invoices – the Act on Terms of Payment in Commercial Transactions (the “Act”).

Read more: Amendments to the Act on Terms of Payment in Commercial Transactions – Leveling the Field Between...

Latham & Watkins and Schoenherr have advised Telenor on its agreement to sell its assets in Central and Eastern Europe to the PPF Group for EUR 2.8 billion on an enterprise value basis. White and Case (as lead counsel) and Karanovic & Nikolic advised PPF Group on the deal. Allen & Overy, BDK Advokati, and Boyanov & Co. advised Societe Generale, as agent, and a syndicate of banks on a EUR 3.05 billion credit facility provided to PPF Group for the acquisition, which is expected to close in Q3 2018 and is subject to the relevant merger control and regulatory approvals. 

Read more: LW, Schoenherr, W&C, K&N, BDK, Boyanov, DGKV, and Allen & Overy Advise on Telenor Sale and Financing

Karanovic & Nikolic has advised Alltech, a global animal and crop nutrition company, on selling its baking yeast factory in Senta, Northern Serbia, to Lesaffre, a global baking yeast and fermented products company. Lesaffre was advised by Linklaters Brussels. 

Read more: Karanovic & Nikolic and Linklaters Advise on Serbian Baking Yeast Factory Sale

AP Legal has advised Eurobank a.d. and Komercijalna Banka a.d. Belgrade, in relation to a EUR 29.6 million senior loan to Retail Center d.o.o. Belgrade. The borrower did not engage external counsel on the deal.

Read more: AP Legal Advises Eurobank and Komercijalna Banka on Loan to Retail Center Belgrade

Allen & Overy, BDK Advokati, and Van Campen Liem have advised Blue Sea Capital on the sale of a 55% stake in Serbia's MediGroup healthcare provider to Mid Europa, which was represented by Sidley Austin and Zavisin Semiz & Partneri. 

Read more: A&O, BDK, Van Campen Liem, Sidley Austin, and ZSP Advise on Mid Europa Acquisition of Majority...

In this era of digitalization, where legal frameworks around the world are rapidly changing to cope with revolutionary developments in the IT sector, the Serbian Government is following a similar path. Serbia is in the EU accession process and is thus obliged to harmonize its legislation with EU laws. One such law is EU Regulation No. 910/2014 on electronic identification and trust services for electronic transactions in the internal market (the “Relevant EU Regulation”). 

Read more: Electronic Documents: Will They Prevail or Exist in Parallel With Hard-Copy Documents?

In The Corner Office, we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. Our question this time: “What mistake do young associates commonly make that is most frustrating for you?”

Read more: The Corner Office: Associate Mistakes

The steady growth of the digital products market and an increasing demand for digital products required an adjustment to the Serbian VAT rules applicable to the supply of electronically supplied services (ESS), and that adjustment finally occurred in 2017. Combined with new rules on the VAT registrations of foreign suppliers, VAT obligations related to ESS became more straightforward.

Read more: The VAT Treatment of Electronically Supplied Services in Serbia

Zivkovic & Samardzic has achieved victory in a freedom of expression case for broadcaster B92, its former journalist Nikola Radisic, and its news and current affairs editor and chairperson of the Board of Directors Veran Matic, in the Supreme Court of Cassation of Serbia.

Read more: Zivkovic & Samardzic Victorious in Freedom of Expression Case for Serbian Broadcaster and Journalist

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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.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

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