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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

Lab microscope

News: 16 May 2022

Allen & Overy advises the lenders on the acquisition of Haemotronic by GVS

Allen & Overy has advised a pool of lending banks on financing for the acquisition of the Haemotronic Group by GVS S.p.A.

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blue and yellow light trails

News: 10 May 2022

Survey: Major German companies appear largely unfazed by Russian conflict

Revenue expectations remain positive despite increased costs and interrupted delivery chains Investment activities are being continued; access to financing remains open Companies do not…

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Modern skyscrapers reflecting a sunny sky

News: 06 May 2022

High yield sweeps the board at the IFLR Awards 2022 Europe

Allen & Overy has picked up a total of five awards at the International Financial Law Review (IFLR) Awards 2022 Europe.

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The sun reflecting against buildings as people walk across a busy street

Publications: 05 May 2022

Podcast: ESG in the funds industry - outlook on the French, Luxembourg and UK markets

In this podcast, Codrina Constantinescu (Counsel, Luxembourg), Tamara Cizeika (Counsel, London) and Benjamin Lacourt (Counsel, Paris) discuss SFDR and taxonomy challenges and opportunities in the…

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Recognition

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Content Promo_Financial Services Regulation and Investigations_Microfinance and Social Investment

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.