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Latest Briefings

Customs regulations mainly related to transit procedures amended

By Branimir Rajšić In January 2019, a new Regulation for the Implementation of the Customs Law in Montenegro (“Regulation”) has entered into force. The most significant changes relate to transit under TIR and ATA carnets. There is a new strict method of conducting the movement check for such goods, documents that should be provided to […]

North Macedonia: latest amendments to the tax legislation

By Branimir Rajšić New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 1 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides a tax rate of 10%, the new PIT Law envisages a tax rate of 18% and 15%, applicable to different types of […]

Arm’s Length Interest Rates for 2019 Published

The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued. Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows: 4.98% for short term loans in RSD, 5.69% for long term loans […]

Slovenian tax consultants should report cross-border arrangements from 2020

By Branimir Rajšić The proposed amendment to the Slovenian Tax Procedure Act, implementing the Directive 2018/22 on the automatic exchange of information, sets out new rules for reporting on information related to certain cross-border arrangements of the companies to the Financial Administration of the Republic of Slovenia (“FURS”). According to the proposed amendments, Slovenian tax consultants or […]

The new Serbian data protection law – everything you wanted to know but were afraid to ask

On 21 March, Karanovic & Partners held the “New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask” presentation at our Belgrade office. The event was attended by over 70 representatives from leading Serbian companies, as well as legal and HR professionals. Partner* Goran Radošević and Senior Associates* Sanja Spasenović and Milica Filipović, lawyers […]

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Irwin Mitchell to challenge Irvine on PI discount rate

Irwin Mitchell is looking at the possibility of judicially reviewing the Lord Chancellor for his failure to set a discount rate in personal injury (PI) cases, which solicitors claim is leaving PI victims short of millions of pounds. Essentially, a discount rate is the amount taken off victims’ damages to account for any profit gleaned […]

Book Review

E-business to the Power of 12 by Thomas Power, published by Pearson Education (ISBN 0273650211) It is somewhat ironic that Pearson and its flagship site FT.com have just begun the long and painful process of retrenching. After Pearson’s last set of results, the company announced it was halving its internet investment, and more recently FT.com […]

Bryan Cave takes on Sinclair Roche partner

US firm Bryan Cave is taking on the head of commercial litigation from Sinclair Roche & Temperley to launch its UK contentious law practice. Rod Cowper has been a partner at Sinclair Roche for a decade. He led the non-shipping commercial litigation and corporate recovery practice at the City firm. He is the third UK […]

Simmons boosts Barclays link with ShopSmart acquisition

Simmons & Simmons is advising IndigoSquare, the joint venture between Barclays and Nomura International, on its acquisition of ShopSmart.com. IndigoSquare is an online shopping portal; the ShopSmart website allows customers to compare prices of products and services that are available on the internet. IndigoSquare has already received agreement to accept the offer from the ShopSmart […]

Canadian Bar Association puts restrictions on MDPs

The Canadian Bar Association (CBA) has done a u-turn on its policy on multidisciplinary practices (MDPs). Instead of accepting them wholeheartedly, it will accept them only if lawyers are in control. The move brings the CBA in line with the Law Society of Upper Canada (LSUC), the controlling body for Toronto and thus nearly half […]

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