Hunton Andrews Kurth (UK) LLP is advising, as lead international legal counsel, International Finance Corporation (IFC) on its proposed investment, subject to regulatory approval, in Romanian pension fund company Carpathia Pensii which would result in IFC holding approximately 10% of the common shares of Carpathia Pensii.

IFC's planned participation in Carpathia Pensii is intended to strengthen its position in the local pension market and will support Carpathia Pensii's product development and digitalisation strategy, thereby strengthening voluntary pension provision in Romania

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets.

The Hunton team is led by partner James Comyn, with support from associate James Bennett.  Volciuc Ionescu is Romanian counsel to IFC.  The Volciuc Ionescu team is led by Sabin Volciuc Ionescu.