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Sub practice
Sub practice

Microfinance and Social Investment

At Allen & Overy we believe that we influence the wider communities in which we live and work and must ensure that our influence is a positive one.

Our Microfinance and Social Investment practice encompasses more than 350 lawyers located in over 30 offices across the Americas, Europe and Asia Pacific, Middle East and Africa, and includes many of the leading practitioners in our key practice groups including banking, capital markets, corporate and dispute resolution.

The team has advised on a number of microfinance-related transactions and prides itself on being able to provide real and much-needed solutions helping to transform businesses in developing economies. Our clients include microfinance institutions (MFIs), banks, private investors and institutional investors. Whether on a pro bono or fee-paying basis, we aim to handle every case in exactly the same way – with professionalism and care.

On the social investment side, we have been involved in advising Social Finance Limited (Social Finance) on their Social Impact Bonds (SIBs), which are a unique investment product, structured as a fund, that directs private-sector money to fund public sector projects. In this case, the investment proceeds fund prisoner rehabilitation programmes, creating a financial return to the investors that is dependent on levels of recidivism in the prisoner group. Legal fees for negotiating and setting up the Social Finance prisoner programmes could have run into hundreds of thousands of pounds, a particularly significant amount when measured against a fundraising target of £5 million. To solve the puzzle, Allen & Overy stepped in to provide over 1,500 hours of legal advice on a pro bono basis, to help Social Finance craft and negotiate the SIB, an investment product enthusiastically accepted by investors, the Ministry of Justice and HM Treasury and used in many jurisdictions around the world as an example of groundbreaking social finance funding.

News & insights

Luxembourg government’s draft budget law for 2021

Publications: 20 OCTOBER 2020

Luxembourg government’s draft budget law for 2021

As announced by the Prime Minister last Tuesday, new tax measures are included in the Luxembourg government’s budget bill for fiscal year 2021 which has been submitted to the Parliament on 14 October…

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A&O advises creditors of Premier Oil plc on its merger with Chrysaor and its $2.7bn debt restructuring

News: 16 OCTOBER 2020

A&O advises creditors of Premier Oil plc on its merger with Chrysaor and its USD2.7bn debt restructuring

A&O is advising a coordinating group of creditors on the USD2.7 billion restructuring of Premier Oil plc and its merger with Chrysaor Holdings Limited. Premier Oil plc is an independent exploration…

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News: 15 OCTOBER 2020

Allen & Overy advises NORD Holding on acquisition of majority stake in cleantech company Dr. Födisch Umweltmesstechnik AG

Allen & Overy LLP has advised NORD Holding Unternehmensbeteiligungsgesellschaft mbH on the acquisition of a majority stake in Dr. Födisch Umweltmesstechnik AG.  The transaction involved an investment…

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LCD screen showing stock market analysis

News: 14 OCTOBER 2020

A&O advises on new risk free rate loan facility for Tesco plc

Allen & Overy has advised BNP Paribas (as Sole Coordinator and Sustainability Coordinator) and NatWest (as Risk Free Rate (RFR) Manager and Facility Agent) to successfully finance a new GBP2.5 billion…

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Recognition

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Social Finance and Impact Investment Group

At Allen & Overy, we believe that we influence the wider communities in which we live and work and must ensure that our influence is a positive one.