• 17/07/2014

    /Corporate Counsel Survey

    posted by Dragan Karanovic in Corporate
    — Karanovic & Nikolic undertook to survey corporate counsels in the region. Surveying in excess of 400 in-house lawyers in Serbia, Croatia, Macedonia, and Bosnia & Herzegovina, on topics relating to managing legal risk, departmental capacity, budgets, services and executive expectations, the results were insightful. more—
  • 04/07/2014

    /Public-Private Partnerships – Great Expectations

    posted by Darko Jovanovic in Banking and finance
    — Much was expected from the adoption of the Law on Public-Private Partnerships and Concessions (the PPP Law) in 2011 as from the first law that explicitly regulates public private partnerships (PPPs) in Serbia, after the period where PPP projects have been realized on the basis of separate pieces of legislation, in a manner which was not satisfying neither for public/private partners nor for the users of public goods or services. However, even after 3 years, the PPP Law did not live up to expectations. Besides the adequate legal framework, the successful implementation of PPPs also depends on establishing an institutional infrastructure i.e. organisational units that are specialised in PPPs on all levels of the public sector. These units need to have trained personnel and be coordinated and assisted by the Commission for Public Private Partnership whose capacities should also be significantly enhanced. more—
  • 01/04/2014

    /Workplace Harassment – The Ethics Behind Leveraging Your Employment Rights

    posted by Jelena Danilovic in Employment
    — “Desperate times call for desperate measures” We are all aware that the global crisis is impacting employers worldwide. Companies have been forced to close production lines, non-core activities have been transferred to outsourced service providers and numerous workplaces have been forced to close all together. It has become a struggle to merely hold onto one’s job. Such circumstances have facilitated the increase of workplace harassment (i.e. mobbing). Without intending to lessen the importance of handling existing workplace harassment and the subsequent consequences in an adequate fashion, this piece tackles the rising issue of employee abuse of the institute of workplace harassment in the Balkans. more—
  • 23/09/2013

    /PPA in Serbia – Where are we now and what to expect

    posted by Leonid Ristev - Senior Associate in Energy and Infrastructure
    — What is a PPA? The purpose of a Power Purchase Agreement (PPA) is to set out the terms and conditions for the sale of electricity between a producer (seller) and the take-off entity (buyer), particularly regulating important matters on timing and the initiation of production, the terms of delivery of electricity, payment mechanisms, force majeure clauses and the termination of sales and purchases. The PPA represents a crucial project document in a renewables project. Accordingly, the structure and scope of the PPA are of the utmost significance for renewables investors, particularly institutional investors and other lenders financing these projects. Having the most recent Serbian PPA models published in July this year, the following paragraphs endeavor to a provide short analysis on the current status and discussions on this topic. more—
  • 14/02/2013

    /Special Industry

    posted by Veljko Smiljanić - Associate in Competition
    — “A government that robs Peter to pay Paul can always depend on the support of Paul.” George Bernard Shaw  more—
  • 18/09/2012

    /The UK Bribery Act 2010 and how it can apply in Serbia

    posted by Patrick Callinan - Senior Associate in Corporate, Region
    — A little more than thirteen months ago, the UK Bribery Act (the ‘Act’) came into force in the United Kingdom. The Act equips the UK courts with some of the most robust anti-bribery legislation in the world. It consolidated and brought up to date the old antiquated legislation and formalised the general offences of giving bribes or receiving bribes, introduced an offence of bribing foreign public officials, and an offence relating to commercial organisations which fail to prevent bribery committed on their behalf. more—
  • 21/06/2012

    /Fail to prepare, prepare to fail

    posted by Patrick Callinan - Senior Associate in Region
    — Sunday’s election results in Athens will probably ease fears of an imminent Greek exit from the euro, but despite this, the European Union, are still very much in the middle of their own crisis, which is threatening to engulf markets far more significant than those located in the former Yugoslav region. Accordingly issues such as European accession, despite the European official line, have invariably been relegated down the pecking order in Brussels.  more—PK