Related briefings

Effects of Covid-19 to contracts – is it enough to call it force majeure?

The current COVID-19 outbreak and severe and numerous preventive and restrictive measures governments are continually introducing are first and foremost a global health concern. However, this situation has already caused significant distortions to businesses and their ability to perform their contractual obligations. The question of all questions seems to be if COVID-19 pandemic is a […]

Moratorium on loans and leasing due to COVID-19 – Serbia

Due to the developments regarding the outbreak of COVID-19 and the declaration of a state of emergency in Serbia, the National Bank of Serbia undertook emergency measures to facilitate the position of citizens and businesses in servicing debts. The two decisions on temporary measures were adopted on 17 March 2020 for the protection of debtors […]

North Macedonia introduces measures to combat COVID-19 outbreak

The President of the Republic of North Macedonia declared a state of emergency to combat the outbreak of COVID-19. The measure will initially be in place for 30 days. The Government of the Republic of North Macedonia (“Government“) also announced an initial set of economic measures for mitigating the consequences suffered by the businesses and […]

Measures against COVID-19 in the SEE

Since the outbreak of COVID-19 (the new coronavirus) spreads and impacts both our businesses and our daily lives, we decided to make a short overview of the current situation in the region. This article will cover the current state in the jurisdictions where Karanovic & Partners operates through cooperating offices. It is important to note […]

First Staff Leasing Law in Serbia comes into force

After years of legal vacuum, the new Staff Leasing Law (Law) finally introduces the legal framework for the so-called “staff leasing”. The Law tackles conditions under which staff leasing is possible, rights and obligations of agency workers, their equal status of agency workers and comparable employees, conditions for licencing of agencies as well as the […]

Latest Briefings

Trends in transatlantic acquisition finance

Contents A transatlantic future The US influence on the European market The rise of the non-bank lenders The patchwork of Europe The political impact Case Study: Financing Bain’s Acquisition of Kantar from WPP Team structure Conclusion: what next? Key takeaways The convergence of documentary terms, investors and commercial approaches across the European and US loan […]

MLD5 update and new EU AML action plan

The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.

High Court analyses compensation order regime under the CDDA accounting

The compensation order regime Compensation orders aim to make directors financially accountable for the consequences of their unfit conduct. They were introduced in October 2015 by the Small Business, Enterprise and Employment Act 2015 which amended the Company Directors Disqualification Act 1986 (CDDA). Under the new regime, the Insolvency Service can apply to court (on […]

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Manchester

Manchester firm cuts pay to “preserve cashflow”

UK200 firm Kuits has told its employees to expect a pay cut as it looks to cope with the ongoing coronavirus pandemic, The Lawyer can reveal. Coming as part of a broader plan made up of several measures to conserve the firm’s long-term financial future, Kuits’ cut in wages will apply to all members of […]

Susannah Macknay, Slaughter and May

Slaughters corporate partner gears up for Australia move

Slaughter and May has suffered a rare loss as one of its corporate team prepares to move back to Australia. Susannah Macknay, named in The Lawyer’s Hot 100 2018, has left the firm for Sydney headquartered Gilbert and Tobin. Australian-born Macknay joined the firm in 2007 and made partner in 2014. Macknay was listed in […]

Eversheds sets up 13-strong panel to calm clients’ coronavirus fears

In a bid to combat fears over coronavirus, Eversheds Sutherland’s disputes department has set up a global working group to deal with any litigation-related requests. The group is made up of 13 partners across three continents, all of whom will be responsible for grappling how coronavirus will impact the firm’s litigation clients, while also preparing […]

drugs

Paul Hastings and Freshfields lead as Fosun strikes $135m deal for COVID-19 vaccine

Paul Hastings, Freshfields Bruckhaus Deringer, Stephenson Harwood and Covington & Burling formed the legal lineup behind Fosun Pharma’s $135m (£113.7) deal with Germany’s BioNtech, in the hunt for a COVID-19 vaccine. Shanghai Fosun Pharmaceutical (Group) is advised by Paul Hastings. The US firm’s team is led by Shanghai-based corporate partner Jia Yan, who is also […]

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