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The State Secretary of the Ministry of Labor, Employment, Veteran and Social Policy of the Government of the Republic of Serbia announced the new Act on health and safety at work, which is to be adopted by the end of the year. The new Act is intended to enhance the level of protection at work and to impose a general standard of safety which would lead to a better and healthier work environment.

Read more: New Act on Health and Safety at Work – Maximum Precautions for Minimal Damage

On its way to becoming an EU Member State, Serbia has been harmonizing its law with the EU acquis. Within the Negotiating Position of the Republic of Serbia for Chapter Nine – “Financial Services”, the RS undertook, inter alia, to transpose Directive 2011/61/EU of the European Parliament on management of alternative investment funds in the national legal framework of the RS by adopting a separate law governing alternative investment funds.

Read more: New Law on Alternative Investment Funds Adopted

Ministry of Finance adopted the new Rulebook on 31 October 2019 related to the determination of Telecommunication and Electronic Services. The new rulebook will be applicable from 1 January 2020.

Read more: New Rules in Respect of Determination of Telecommunication and Electronic Services for VAT Purposes

At the moment, there is no generally applicable obligation to report a personal data security breach in Serbia. This type of obligation is currently envisaged only by certain sector specific laws such as the Law on Electronic Communications.

Read more: Data Breach Notification Obligations in Serbia - Sector Specific or Generally Applicable Obligations

In “The Corner Office” we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: What was the most difficult or unpleasant experience you had terminating someone’s employment?”

Read more: The Corner Office: The Most Difficult Lay-Off

Doklestic Repic & Gajin has announced the establishment of Lex Adria, an alliance of independent law firms in the Adriatic region, to provide what the firm calls “seamless and premium legal support across the area.”

Read more: Firms in Former Yugoslavia Form Lex Adria Law Firm Alliance

Karanovic & Partners acted as Serbian legal counsel for Vale Canada Limited on its acquisition of the option to earn-in in four of Mundoro Capital Inc’s exploration licenses in the Timok mining complex.

Read more: Karanovic & Partners Advises Vale on Acquiring Earn-in Option from Mundoro Capital

At the Fifteenth extraordinary session in the Eleventh convocation, on July 26th, 2019, the National Parliament of the Republic of Serbia rendered the Act on amendments of and supplements to the Act on execution and ensuring settlement (“RS Official Journal”, No. 54/2019, hereinafter referred to as: „the Act“). The Act shall become effective as of the 8th (eighth) day following its publication in the Official Journal, and shall be applicable as of January 1st, 2020.

Read more: Act on Amendments of and Supplements to the Act on Execution and Ensuring Settlement

BDK Advokati and Clifford Chance advised the EBRD, IFC, and the Development Bank of Austria on financing for a waste management public-private partnership project in the Vinca district of Belgrade. The City of Belgrade was advised by Hogan Lovells and Karanovic & Partners, with Karanovic & Partners also advising the IFC on the matter.

Read more: BDK and Karanovic & Partners Advise on Financing for Waste-to-Energy PPP with City of Belgrade

Motieka & Audzevicius has advised Petstart UAB on its exit from a joint venture with a Romanian PET packaging waste company. The buyer was advised by Karanovic & Partners.

Read more: Motieka & Audzevicius Advises Petstart on Exit from Joint Venture with Romanian PET Waste Company

Serbia Knowledge Partner

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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