Schoenherr si Asociatii SCA > Bucharest, Romania > Firm Profile

Schoenherr si Asociatii SCA

Romania > Capital markets Tier 1

Schoenherr si Asociatii SCA has a considerable presence in Romania’s capital markets industry. The practice is home to a highly experienced team, which is well versed in advising on the full range of capital markets matters, including IPOs, SPOs and secured and unsecured debt issuances. The client base includes corporate issuers and investment banks, and the group often advises on equity listings. Practice head Narcisa Oprea stands out for her 'exquisite knowledge'. Veronica Das Alexeev has experience in representing domestic and international entities in capital markets matters; Cristina Tudoraș and Silviu Lazăr are also key practitioners.

Practice head(s):

Narcisa Oprea

Other key lawyers:


‘This practice is unique because of the wide range of law enforcements and also works in an international environment. The team’s strengths are their great communication with the client and adaptability to the clients specificities.’

‘Narcisa Oprea is different from other competitors mainly due to her exquisite knowledge where the law is grey and her availability to offer answers and explain the answers in a non-legal vocabulary.’

‘They possess extensive expertise in all matters pertaining to capital markets and are open to participating in advocating for legislative changes with the objective to support the growth of the capital market.’

‘The partners are very open and flexible, you can count on them.’

‘This practice is unique due to being highly dynamic and standing at the intersection of various working fields.’

‘Narcisa Oprea stands out through her knowledge and responsiveness.’

‘I have been working with Schoenherr și Asociații SCA for a good number of years now on capital markets transactions, including regulatory aspects. The work delivered was excellent, on the point and on time.’

‘We have worked with Narcisa Oprea. I was impressed with the high level of knowledge, the practical and, at the same time, innovative approach.’

Key clients

Agricover Holding

Aquila Part Prod Com

Bitnett Systems

BRD Societate de Administrare a Fondurilor de Pensii


Patria Bank

Prefera Foods



TTS (Transport Trade Services)

Work highlights

  • Advised a foreign company on its intention to list its shares on the regulated market operated by the Bucharest Stock Exchange.
  • Advised the joint global coordinators and joint bookrunners on a €150m placement of shares, following the completion of an accelerated bookbuild.

Romania > Commercial, corporate and M&A Tier 1

Schoenherr si Asociatii SCA is 'a top regional law firm in CEE', and the Bucharest team garners praise as 'an excellent option for sophisticated transactions in the region'. The group has an established track record in acting for clients in highly regulated sectors, as well as advising investors in the private equity and venture capital arenas. Monica Cojocaru is well versed in handling transactional mandates, and advises on both the buy and sell sides of headline M&A deals in Romania, often within the energy, insurance, manufacturing and healthcare sectors, among others. Cojocaru co-heads the practice with corporate and M&A specialist Mădălina Neagu and Vienna-based Markus Piuk, 'a brilliant M&A lawyer'. Senior associate Mihaela Popescu is a name to note.

Practice head(s):

Markus Piuk; Mădălina Neagu; Monica Cojocaru

Other key lawyers:

Vlad Cordea; Simona Lehniuc; Mihaela Popescu


‘Schoenherr and its associates in Romania have top law specialists, with very clear specializations, they have solid knowledge of legislation and jurisprudence, they are able to provide very specific market and business analysis, they are polyglots, serious, punctual.’

‘Madalina Neagu and her team were responsive to our questions and needs. Madalina’s English skills are impeccable and her knowledge level and skill at negotiating all parts of a M&A transaction were impressive. She was not timid or unwilling to negotiate any point that her client thought was important.’

‘Schoenherr is a top regional law firm in CEE, with strong transactional teams in all their offices and on a regional (cross-border) level. Having 15 office across the region, with their teams having already worked together in cross-border M&A deals is a huge advantage. They are an excellent option for sophisticated transactions in the region and, most relevant for us, they have a lot of industry know-how in the real estate markets which puts them on most of the more relevant deals in the region.’

‘Go to Markus Piuk if you need one-stop advice in cross-border transactions in CEE. He is a brilliant M&A lawyer, hands-on, super-responsive and very easy to work with. Markus’ negotiation skills and calm nature are beneficial to any M&A deal.’

‘High quality services, immediate response, commitment and professionalism.’

‘Mădălina Neagu has a strong sense of urgency, very knowledgeable and experienced, strong negotiation capabilities.’

‘You can rely on them and they are very close to the client. Kindness, commitment, responsibility and deep knowledge.’

Key clients

Akzo Nobel

Banca Comerciala Romana

Cargo Partner

Carrier Global Corporation

Catalyst Romania Fund

CA Immo

DDM Holding





HS Timber

MET Group

Morphosis Capital Fund I

Nofar Energy

OMV Petrom


Work highlights

  • Advised CA Immo on the €377m sale of its Romanian portfolio to Paval Holding.
  • Advised Carrier Global Corporation on Romanian legal matters regarding its cross-border €12bn acquisition of Viessmann Climate Solutions.
  • Advised Cargo-Partner on the cross-border €1.2bn sale of Cargo-Partner Group to Nippon Express Holdings.

Romania > EU and competition Tier 1

Schoenherr si Asociatii SCA's Bucharest team has an excellent reputation for handling cross-border competition matters, and is regularly instructed to advise on investigations brought by the RCC. The practice's extensive offering includes merger clearance matters, antitrust and damages litigation, compliance, foreign direct investment and state aid issues. Practice head Georgiana Bădescu garners praise for her 'knowledge, professionalism and availability', and handles the full range of contentious and non-contentious EU and competition work. Cristiana Manea and Darius Trusculete are key names to note. Mona Banu left the firm in May 2023.

Practice head(s):

Georgiana Bădescu

Other key lawyers:

Cristiana Manea; Darius Trușculete


‘Very good footprint in the central European region.’

‘Hands-on mentality, very strong responsibility.’

‘The team provided support with a difficult antitrust file in Romania. We have deeply appreciated the responsiveness and speed.’

‘The partner in charge of the matter, Georgiana Badescu, has been fully and personally involved in the matter from day one, providing valuable support on a daily basis. Georgiana’s knowledge, professionalism and her availability were crucial in the relationship and her understanding of the underlying business implications essential for the process.’

‘The Schoenherr team in Romania is a rare collection of professional people with strong knowledge from various fields.’

‘The positive work experience we had so far with this company, with the team of professionals there, determined us to continue this collaboration in the future.’

‘I would mention first of all the way in which they approached and tried to solve any problem that we flagged on the legal line, the accuracy of the answers given and the promptness with which they demonstrated the requests received from us.’

‘They have a strong reputation in competition matters. They provide concise advice, are flexible and perceptive. What makes them stand out is their client focus and practical and comprehensible advice.’

Key clients

Allianz-Tiriac Asigurari

Auto Italia

Costruzione Emiliana Ingranaggi

Japan Industrial Partners

Knauf Gips



Work highlights

  • Represented Policolor in an investigation brought by the RCC concerning alleged breaches of competition law in the auto paint market.
  • Advised Japan Industrial Partners on Romanian merger control and FDI matters in connection with its €15bn acquisition of Toshiba.
  • Assisted Costruzione Emiliana Ingranaggi with a phase 1 merger clearance in Romania concerning its acquisition of Mec Diesel and its subsidiaries.

Romania > Real estate and construction Tier 1

The real estate and construction team at ‘top-tier firmSchoenherr si Asociatii SCA covers the full range of real estate sectors with a focus on transactions and project development. A notable area of strength for the team is its agribusiness and forestry real estate work, while a growing workload in renewable energy projects is a testament to the breadth of the practice. Madalina Mitan, described as ‘highly experienced and professional’, co-heads the practice group with office managing partner Sebastian Gutiu, who co-ordinates the firm’s real estate offering across the entire CEE region, and Oana Constantinescu, who supports companies that own and manage large portfolios of real estate assets.

Practice head(s):

Sebastian Guțiu; Oana Constantinescu; Mădălina Mitan

Other key lawyers:

Markus Piuk; Claudiu Stan


‘Schoenherr si Asociatii SCA is a top-tier firm.’

‘Markus Piuk showed exemplary prowess during the entire negotiation of the transaction. We were impressed with his pragmatic approach and commercial view of the transaction.’

‘Oana Constantinescu conducted the seller’s due diligence process and answered our queries for the buyer’s due diligence process. Her pragmatic and positive approach helped us better understand the process and ensured a swift negotiation process.’

‘Mădălina Mitan is highly experienced and professional.’

‘The individuals at Schoenherr’s real estate team in Bucharest stand out for their deep market knowledge. Notably, Sebastian Guţiu possesses exceptional local market insight.’

‘Claudiu Stan consistently goes the extra mile for clients.’

‘We’ve had an excellent collaboration with them. They came up with solutions to difficult situations, both covering our interest and the business scope.’

‘Sebastian Gutiu is the go-to guy for Romanian real estate deals. Adriana Stanculescu is more than just a lawyer, she also has a deep understanding not only of the real estate law but also of the business and administrative side.’

Key clients

CA Immo

HS Timber


Work highlights

  • Advised CA Immo on the sale of its Romanian portfolio to Paval Holding.
  • Advised HS Timber Group on its sale of wood processing facility HS Timber Productions Sebes.
  • Advised Eurobank on the sale of a real estate asset housing a do-it-yourself store to the real estate division of Radacini Group.

Romania > Banking and finance Tier 2

Schoenherr si Asociatii SCA has ‘an excellent banking and finance team, long established as one of the powerhouses in this area in Romania’. The group handles the full range of banking and finance work, including domestic and cross-border financing and refinancing matters, project finance, acquisition finance, real estate finance, debt restructuring and NPL transactions. Practice head Matei Florea has been kept busy handling investments in distressed bank assets and debt restructuring matters for both lenders and borrowers. Counsel Adina Damaschin assists with cross-border financing. Alexandra Pop and Francesca Buta are names to note.

Practice head(s):

Matei Florea


‘Strong team, hard working and adaptable.’

‘Matei Florea is one of the best banking and finance lawyers in Romania, available to find solutions and to maximize the negotiation results.’

‘Part of an international law firm, Schoenherr și Asociații SCA has an excellent banking & finance team. They are long established as one of the powerhouses in this area in Romania. They advise on debt restructuring, (local and cross-border) financing, financial services regulatory and in general all kinds of banking related legal projects.’

‘Matei Florea and his team are very responsive and easy to work with. Matei is a leading banking & finance name in Romania, someone you positively want as your external counsel in sophisticated projects.’

‘They have in depth knowledge of deal particularities and are very strong in negotiations of the transaction documentation.’

‘You go to Schoenherr Romania if you need first-rate legal advice on banking and finance legal matters. They cover everything a lender might need, from lending to regulatory to special situations and they do it impeccably. We have worked with them in complex cross-border projects and they have always risen up to the challenge.’

‘Matei Florea is our go-to banking and finance legal advisor in Romania. He is a standout lawyer combining knowledge and client-focused approach. He is super responsive and builds excellent interpersonal relations.’

‘The Schoenherr Romania team has proved that it is highly capable of drafting and implementing legal documentation for complex financial transactions under time pressure and with frequently changing requirements and has a thorough knowledge of regulation in both the banking and the energy industries. It is also a legal firm that performs all legal due diligence activities thoroughly and presents its findings in a highly transparent form. Besides these main requirements, Schoenherr also proved to be flexible and has a low response time in providing support to us as clients in any matters.’

Key clients

Banca Comerciala Romana

DDM Holding

DZ Bank

EOS Group


Pehart Tec

Work highlights

  • Advised EOS on launching, together with the International Finance Corporation, a platform for NPLs and distressed real estate in Bosnia and Herzegovina, Croatia, Romania and Serbia.
  • Advised DDM Holding on the acquisition of a NPL portfolio from Intrum, valued at over €1bn.

Romania > Employment Tier 2

Schoenherr si Asociatii SCA‘s ‘outstanding’ employment practice advises multinational and local companies on both their contentious and non-contentious employment matters, with a focus on matters arising out of transactions, workplace and management restructuring, and cross-border postings of employees. It also offers strength in employment litigation, and negotiations with employees, their representatives, and trade unions. The ‘extraordinary’ Mara Moga-Paler heads the team, leveraging extensive experience in the market to assist clients on a full range of employment matters including disciplinary investigations, internal regulations, and pre-litigation advice.

Practice head(s):

Mara Moga-Paler


‘The whole interaction with Mara Moga-Paler was extraordinary: very professional.’

‘Outstanding practice..’

‘The team’s attitude was always professional, they were available and willing to help us both with urgent problems and long-term projects.’

‘The collaboration with Mara Moga Paler is a very good one: her experience and knowledge are reflected in advice and proposals that reduce the risk of litigation.’

‘The firm offers advice on a large scale of legal aspects, over a multicultural and transnational area. Their employment law team is highly professional, very responsive and offering best solutions to the needs of the company. The cooperation and cross work among the resources of the firm is to appreciate.’

‘Mara Moga Paler is the head of the employment law team. We found her an excellent professional, easy to collaborate with, and attentive to our needs.’

‘Our main area of consultation with Schoenherr is on employment matters; they are responsive, accommodating and give clear information.’

‘Mara Moga-Paler is very helpful and dealing with her is a pleasure. She has built an understanding of our company and her advice is always tailored to us and takes into consideration our ultimate goals.’

Work highlights

  • Advised a manufacturing company on designing and implementing a complex collective redundancies project affecting over 350 employees.
  • Providing pro bono legal advice to an NGO active in social impact projects in connection with various employment law matters regarding its activity.
  • Advised on employment matters in several company-wide internal investigations aimed at identifying potential misconducts committed by employees.

Romania > Energy and natural resources Tier 2

Schoenherr si Asociatii SCA‘s ‘deep knowledge of the renewable energy sector’ supports clients across the market - including oil & gas, electricity utilities, nuclear power producers, and renewables - with their transactional, regulatory, financing and development matters. This wide range of experience converges in assisting traditional energy companies with their move towards green energy sources and e-mobility. ‘Well-versed in energy-specific issues‘, Monica Cojocaru heads the energy practice, with particular strength working with strategic investors across the CEE region. Markus Piuk is equipped to assist energy sector clients with corporate mandates.

Practice head(s):

Monica Cojocaru

Other key lawyers:

Markus Piuk; Madalina Mitan; Vlad Cordea


‘Long experience in the energy field, international presence, proactive and self-motivated people, having a constructive approach to solve the problems, close to the needs of their customers’

‘Schoenherr is no doubt a force in energy-related legal advice. We have seen them “in action” in a cross-border innovative matter recently and they have done wonders. They have a strong energy team in Romania and CEE and work seamlessly together in cross-border projects.’

‘Partner Monica Cojocaru is at ease in advising on energy matters, including novel topics for the regional market, such as cross-border PPAs. Vlad Cordea has been long advising on energy legal matters. He efficiently comes up with creative legal solutions even in innovative matters. ’

‘D The team has deep knowledge of the renewable energy sector.’

‘Monica Cojocaru is well versed in energy-specific issues.’

‘Madalina Mitan’s expertise in real estate is very valuable for the renewable energy sector, where securing the land plots is an important part. Very resourceful in challenging situations related to the real estate part of the transactions, always oriented to find solutions, not to only describe the problems.’

‘The legal team, particularly the lead partner, Monica Cojocaru, possesses a large proven expertise in energy sector having in-depth knowledge of the industry’s regulatory framework, market trends, and emerging issues.’

Key clients


Greenvolt – Energias Renováveis

MET Group

OMV Petrom

Nofar Energy

Work highlights

  • Advised OMV Petrom on the acquisition of several solar photovoltaic parks under development, with planned installed power of approx. 710 MW from Jantzen Renewables.
  • Advised Enery on the EUR 71m acquisition of a Romanian renewable energy multi-technology (wind, solar and hydropower) portfolio with 81 MWP installed capacity from Jade Power Trust, as well as on the related financing.
  • Advising MET Group on the acquisition of a solar photovoltaic project under development in Southern Romania, with a planned installed capacity of 52 MWp.

Romania > PPP and procurement Tier 2

The regulatory team at Schoenherr si Asociatii SCA draws upon its wider energy, infrastructure, banking and finance, dispute resolution and insolvency expertise to advise a range of lenders and bidders in the projects, concessions and public procurement space. A particular area of strength is transport infrastructure projects, along with corporate energy efficiency programmes. Mihai Băicoianu joined the team in March 2023 from Zamfirescu Racoti Vasile & Partners and is recommended as ‘an exceptional professional in the public procurement field‘. Matei Florea heads the team; Valeria Stropșa is also recommended.

Practice head(s):

Matei Florea

Other key lawyers:


‘Schoenherr and Associates SCA offers its clients huge opportunities as well as a wider range of services. Through its services and adopting a series of ambitious and pragmatic actions, Schoenherr and Associates SCA offers a new impetus to the single specific market for public procurement in Romania.’

‘Schoenherr and Associates SCA is perceived as a promoter of the process of innovation and progress, considering not only profit opportunities, but also the limitation of waste and the assumption of risk. Correctly applied, the strategy of Schoenherr and Associates SCA can lead to the restoration of economic dynamism and the exit from a situation of inertia or economic crisis.’

‘ Mihai Băicoianu possesses excellent legal acumen pertaining to the practice of public tender procedures and, in extenso, in the field of proceedings involving public law procedures.’

‘The team has a very good mixture of youth and experience which makes them perform exceptionally well. They are able to deliver very complex requests from our side in a very short term.’

‘Mihai Baicoianu is a very good lawyer and an exceptional professional in the public procurement field. ’

‘Valeria Stropșa has great experience and knowledge about public procurements and related matters. She is highly communicative and able to discuss current matters keeping in mind also business aspects of cases.’

‘Mihai Băicoianu is very practical and gives pertinent advice business-wise. He guarantees friendly communication and makes complicated things seem simple.’

‘I really appreciate the response time, quality of answers, availability and knowledge of the PPP sector. Whenever we had a problem or certain aspects were not clear, the team from Schoenherr helped us understand the issue and delivered top-quality advice.’

Key clients

Pojazdy Szynowe Pesa Bydgoszcz (PESA)

Work highlights

  • Advised PESA on its participation in a public procurement procedure organised by the Romanian Railway Reform Authority for the acquisition of 62 electric passenger trains and repair services worth EUR 830m.
  • Advised PESA on its participation in a public procurement procedure organised by Iasi Municipality for the acquisition of 18 trams worth EUR 35.8m.

Romania > White-collar crime Tier 2

Schoenherr si Asociatii SCA's white-collar crime department is sought after by a number of industry-leading clients for highly sensitive court cases, as well as internal investigations advice and support through the pre-investigative period. The practice group is overseen by Iustin Armașu and Sebastian Gutiu, who are both seasoned dispute resolution professionals. Magdalena Roibu is the white-collar crime specialist to note, frequently leading matters and already an experienced name in a diverse range of criminal investigations and trials.

Practice head(s):

Sebastian Guțiu; Iustin Armașu

Other key lawyers:


‘They are always well organized, transparent and balanced in their opinions.’

‘Magdalena Roibu inspires confidence. Her opinions are very well structured and to the point.’

‘Magdalena Roibu is well known amongst peers for her passion for criminal law, her creative thinking and attention to legal detail. I have worked with Magdalena Roibu in a high-profile criminal case and admired her strategic thinking.

‘Schoenherr’s main strength in white-collar crime is its team. They are very experienced, work exclusively on criminal law matters, know the market, have excellent command of the law, and are very creative. All these features place them high up among business law firms providing criminal defence advice.’

‘Magdalena Roibu is a complete criminal law expert. She is excellent both as a scholar and as a practitioner.’

‘Schoenherr’s Romanian white-collar crime practice does stand out in the market. I believe they are a good option due to the firm’s internationality, which is mirrored in the way their team approaches complex legal matters. They work well across a variety of criminal law matters and across practice areas in multi-disciplinary projects.’

‘Madalina Roibu was responsive, providing practical information (not only theoretical) and you can easily see that she has experience gained by handling many legal matters in her area of expertise.’

‘They have capability and willingness to understand deep and complex topics, they do not treat it superficially, but are totally involved, they communicate well within their team and with the client.’

Key clients


Work highlights

  • Advised Ringier on an internal investigation at its Romanian subsidiary.
  • Acted for a private individual indicted for conspiracy to abuse of office by a public official, as well as for disclosure of professional secrecy and confidential information.

Romania > Dispute resolution Tier 3

The dispute resolution team at Schoenherr si Asociatii SCA handles a balanced workload of cross-border and domestic cases. The firm has a strong track record in handling high-stakes litigation, as well as international and domestic arbitration proceedings. The group is also adept at handling white-collar criminal cases and insolvency disputes. The ‘excellent’ Sebastian Gutiu has ‘in-depth knowledge of the market‘, and co-heads the practice with Iustin Armașu. Nora Olah is well versed in handling real estate disputes, and Andrea Gál focuses on insurance litigation.

Practice head(s):

Sebastian Guțiu; Iustin Armașu

Other key lawyers:


‘I have collaborated with the lawyers from Schoenherr and Associates in several litigations, where they sought the support of my law firm either for jointly defending a client’s interests or for consultancy in specific areas. I would describe their approach as very direct in their relationship with us, and I appreciated the fact that they sought our assistance in areas where they might have less expertise. Sebastian Guţiu struck me as a very competent coordinator, who clearly and precisely set the objectives for the lawyers in the litigations we worked on together.’

‘Sebastian Gutiu- very open to communication, empathic, in-depth knowledge of the market and an excellent lawyer.’

‘The litigation team was always available and all their members were up to date with every proceeding – if a particular person was unavailable at some point, other team members were also aware of the proceedings and I could discuss any topics with them.’

‘Iustin Armasu was the partner that I have worked with. He is a great listener, amazing at thinking outside the box and offering and entertaining various options and strategies, assessing arguments for each and every one. He is also very straightforward and honest about the chances of every proceeding, providing in-depth information about every case/file. The deliverables they offered were always well-written and backed up by facts and relevant data.’

‘Very good team with a 360 degrees view on all angles of a case. Always coherent, well-prepared and business wise.’

‘Andrea Gal – hard working, always reliable and very competent partner in all the litigation we have had together.’

‘Schoenherr Romania has a sound dispute resolution team, specialized in business law matters. They are very active in litigation as well as arbitration cases that involve a high degree of sophistication. Their internationality blends in efficiently with their local market knowledge in delivering creative solutions to intricate matters.’

‘Sebastian Gutiu is one of the best Romanian dispute resolution lawyers. He has been developing Schoenherr’s dispute resolution practice. He is actively involved in the firm’s major cases, focusing on large-scale litigation and international arbitration matters.’

Key clients



Solek Holdings

Work highlights

  • Acting for Kelag Austria and Kelag International in an ongoing administrative litigation case worth €46m.

Romania > Intellectual property Tier 3

Sorin-Eduard Pavel heads the IP offering at Schoenherr si Asociatii SCA, which acts for a mix of multinational and local clients on matters regarding brands and designs from national and European registration to litigation. The Bucharest office is a key location for the firm’s wider CEE offering and works closely with other offices in the region when supporting clients with a broad presence.

Practice head(s):

Sorin-Eduard Pavel


‘Very responsive and proactive in their answers.’

‘Very skilled and client-oriented. Very good relationship with Eduard Pavel.’

‘High professional skills and responsibility of all Schoenherr team.’

‘Exceptional qualification of Eduard Pavel who provided us with consulting services in relation to intellectual property matters and who represented our company in judicial authorities.’

Key clients

Marchesi Antinori

OMV Group

Power Horse Energy Drinks

Gallup International Association

Wolters Kluwer

Work highlights

  • Advising a manufacturing company on a large-volume custom intervention proceedings against third parties attempting to introduce counterfeit products in Romania.
  • Advising a multinational retail company on its trade mark portfolio in Romania.

Romania > Restructuring and insolvency Tier 3

Schoenherr si Asociatii SCA 'has established a strong reputation in restructuring and insolvency matters'. The team is sought after for its expertise in advising on insolvency and debt recovery proceedings, often acting for international and domestic entities in matters. The group is also adept at handling restructurings, and is well known for representing creditors in mandates. Sebastian Gutiu and Iustin Armașu co-head the practice; the duo are ably supported by Andrea Gál.

Practice head(s):

Sebastian Guțiu; Iustin Armașu

Other key lawyers:


‘Sebastian Gutiu is a very skilled lawyer able to provide a comprehensive service which covers the full range of related contentious and non-contentious issues.’

‘The Schoenherr brand is well known in Romania as a full-service business law firm. They have a sound dispute resolution practice, also covering insolvency and restructuring. I think what sets them apart is their ability to handle complex, large-volume projects, due to the size and depth of their team and also to their international nature.’

‘Sebastian Guțiu is a skilled real estate and dispute resolution lawyer. He runs Schoenherr’s insolvency and restructuring team, contributing with his driven attitude and project management skills.’

‘Schoenherr si Asociatii SCA maintains its high-quality professional standard throughout the entire conduct of the projects, even though the amount of work needed to be carried out is very high.’

‘Iustin Armasu’s knowledge and expertise combined with his open, friendly attitude helps the clients understand the importance of restructuring and how to prepare solid documentation to support the restructuring process.’

‘Sebastian Gutiu is an exceptional professional – attentive to details, business-oriented, dedicated to the client.’

‘Schoenherr Romania has established a strong reputation in restructuring & insolvency matters. The firm has a specialized team that covers everything from debt recovery to large insolvency proceedings. They are very commercially aware and make sure to understand the particularities of each case.’

‘The practice is run by Sebastian Gutiu, who does an excellent job in restructuring and insolvency matters. He leads a sizeable specialized team, assisting creditors and debtors in various matters.’

Romania > Tax Tier 3

The tax team at Schoenherr si Asociatii SCA works alongside the firm’s dispute resolution and corporate departments to provide clients with full coverage of contentious and non-contentious tax mandates. Cross-border matters are a particular area of expertise for the firm. ‘Highly experienced tax advisor’ Adriana Stoian heads the team. ‘Capable of navigating tax complex issues, a problem solver and a team player’, Stoian focuses her practice on transactions and contractual dealings.

Practice head(s):

Adriana Stoian


‘Broad knowledge of diverse industries. Highly skilled professionals, very responsive to client’s needs.’

‘I have worked closely with Adriana Stoian and she is a true professional. I have liked working with the Schoenherr team as you can rely on them at any step of the project, they are very responsive to any inquiries, and they are highly skilled professionals.’

‘I consider Adriana a highly experienced tax advisor, with a deep understanding of Romanian tax legislation and principles in international taxation. She is capable of navigating tax complex issues, a problem solver and a team player. I really recommend her to clients.’

‘The communication with Schoenherr professionals is always easy, as they are focused on achieving results. They are developing good professional and long term relations with their clients.’

‘Adriana Stoian, the head of the tax team, is highly skilled. She has great knowledge in local and international tax and finance matters. She is client oriented, she quickly understands her clients’ needs, and she’s focused to achieve results in due time. Also, she acts a team player, so it was great working together.’

‘The relationship with Schoenherr and SCA Associates has been going on for many years, both on the fiscal side and on the legal side. I met only well-trained people who gave us support every time we requested it.’

‘The relationship is very good, we discuss and clarify the points that raise problems. The person in the team I collaborate with is Adriana Stoian, a person with very developed professional experience. The collaboration is very good and has good results.’

Work highlights

  • Advised a major luxury goods platform with tax due diligence regarding their acquisition of two Romanian companies.

Austria > Banking and finance

Led from Bucharest by Matei Florea, Schoenherr (Schönherr Rechtsanwälte)‘s ‘highly experienced’ integrated team operates across all of the firm’s offices in the CEE region, allowing it to handle a high volume of multi-jurisdictional matters that span from complexly structured finance transactions to financial services litigation. The group is instructed by fintech clients, financial institutions, and insurance companies and shows proficiency in ESG-related topics such as green financings. Key contacts in Austria are the ‘go-to lawyer for strategically important financing transactions’ Martin Ebner, as well as Peter Feyl, who combines regulatory expertise with knowledge of debt finance and M&A, and Laurenz Schwitzer, who focuses on real estate and asset finance.

Practice head(s):

Matei Florea

Other key lawyers:

Martin Ebner; Peter Feyl; Laurenz Schwitzer; Ursula Rath; Michael Magerl; Christoph Moser


‘Martin Ebner is our go-to lawyer for strategically important financing transactions and other special situations. He is a brilliant advisor, a strong negotiator and adds value to every transaction.’

‘Highly experienced team, with closely aligned communication/collaboration between individual team members.’

‘Very personable, highly responsive to client needs, anticipate issues in advance, highly qualified, earn trust very quickly with expertise and character.’


Key clients

Agrana Beteiligung-AG


American Express


Calm Storm Management

Deutsche Bank AG

Deutsche Lufthansa AG

Erste Group Bank AG

European Federation of Energy Traders

Goldman Sachs

immigon Portfolioabbau AG i.A.

J. P. Morgan

Mayr-Melnhof Holz Holding AG


Raiffeisenlandesbank Niederösterreich-Wien AG

Raiffeisen Bank International AG

Red Bull

Schoellerbank AG

UniCredit Bank Austria AG


Volksbank Wien AG

Volkskreditbank AG

Wienerberger AG

Work highlights

  • Advised UniCredit Bank Austria, ING Bank NV, Erste Group Bank AG, Raiffeisenbank International AG and Commerzbank AG as sole coordinator, documentation agent, bookrunner and mandated lead arranger on the revolving syndicated facility for Wiener Stadtwerke GmbH.
  • Advised Bitpanda in connection with a corporate restructuring.
  • Advised Wienerberger AG on a €700m bridge term loan facility agreement arranged by Erste Group Bank AG, Commerzbank Aktiengesellschaft, Danske Bank A/S and UniCredit Bank Austria AG.

The firm: Schoenherr’s Bucharest office opened in 1996 and has ever since been one of the most renowned international firms active in Romania and a top market player. The 60-lawyer team advises clients operating in various industries, including financial services, energy (oil and gas, nuclear, renewables), manufacturing and industries, real estate and constructions, retail, fast moving consumer goods, IT&C, pharmaceuticals and healthcare.

Areas of practice: Schoenherr si Asociatii SCA advises on the complete range of business law matters. The firm has strong experience in corporate/M&A, banking and finance and capital markets, real estate, dispute resolution (including litigation and arbitration, insolvency and restructuring,  white-collar crime), EU and competition, employment, data protection, projects, concessions/ PPP, public procurement, intellectual property, as well as tax advisory.

Department Name Email Telephone
Corporate/M&A Markus Piuk
Corporate/M&A Madalina Neagu
Corporate/M&A Monica Cojocaru
Banking & finance Matei Florea
Capital markets Narcisa Oprea
Real estate and constructions Sebastian Gutiu
Real estate and constructions Simona Chirica
Real estate and constructions Oana Constantinescu
Dispute resolution Sebastian Gutiu
Dispute resolution Iustin Armasu
Restructuring and insolvency Sebastian Gutiu
White-collar crime Sebastian Gutiu
EU & competition Georgiana Badescu
Employment Mara Moga-Paler
Data protection Carmen Stirbu
Energy Monica Cojocaru
Projects, concessions/ PPP, public procurement Matei Florea
Public procurement Carmen Stirbu
Intellectual property Sorin-Eduard Pavel
Tax Adriana Stoian
Technology & digitalisation Madalina Neagu
Number of lawyers : 60
Worldwide : Over 300
Other offices : Austria
Other offices : Belgium/EU
Other offices : Bulgaria
Other offices : Croatia
Other offices : Czech Republic
Other offices : Hungary
Other offices : Moldova
Other offices : Montenegro
Other offices : Poland
Other offices : Serbia
Other offices : Slovakia
Other offices : Slovenia
Other offices : Turkey
Other offices : and 4 country desks in:
Other offices : Albania
Other offices : Bosnia & Herzegovina
Other offices : North Macedonia
Other offices : Ukraine