Among the main trends shaping for 2022, Sebastian Gutiu – Managing Partner of Schoenherr – mentions a considerable number of transactions. „And probably a record number of real estate project developments in all sectors, from retail to residential”, he states.
How would you describe 2021 for the business of your company? What were the main achievements of your company last year?
2021 was an Anniversary Year for our company. It has been 25 years since Schoenherr entered the Romanian market. It was a year of introspection, in which we looked closely at what we had accomplished, at the lessons we have learned in this quarter of a century and at our next steps.
We have reached the end of the year stronger and more united than we have ever been. We had learned a lot from the current situation: it’s not ideal but it’s not the end of the world either. We can navigate through unpredictable times because we know the direction we are heading to. Last year’s achievements were limited to the growth we have seen in areas such as litigation and arbitration, insolvency and competition law. We maintained our strong position in the areas established in the company, mergers and acquisitions, financial banking, capital market, real estate (including in transactions and real estate developments, as well as in construction).
Which are your main objectives for 2022?
As a team, we will continue to be well prepared in our mission to satisfy our clients’ needs. More knowledgeable, more experienced, just as anchored in the realities of the market. We will continue to focus on developing our services and moving in new directions.
How do you see the main trends shaping for 2022?
If I refer strictly to the real estate sector, it is expected that the year 2022 will bring a considerable number of transactions. And probably a record number of real estate project developments in all sectors, from retail to residential.
Legislation is unlikely to become stable too soon and we expect further changes in this area, including in real estate and construction. Then, the main dilemma in the real estate sector will be regulation: which projects will receive a building permit and under what conditions, how difficult will it be to get a PUZ?
Schoenherr is a regional law firm operating in Central and Eastern Europe and South East Europe, with 15 offices. Opened in 1996, Schoenherr’s Bucharest office was one of the first international firms on the Romanian market. Schoenherr si Asociatii SCA assists local and multinational companies on business law issues. Its real estate and construction lawyers provide legal services on transactions and developments in all sectors of the real estate market.