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
News: 27 FEBRUARY 2020
For the third year running, Allen & Overy’s global antitrust group has been ranked number three in Global Competition Review’s annual survey of the world’s leading competition practices.Read more
Publications: 20 FEBRUARY 2020
In their podcast, Weronika Groskrejc and Artur Rutkowski, banking and finance lawyers at Allen & Overy Warsaw, try to answer the question in what circumstances it is permissible to repay debt and establish security so as not to violate the rules of hardening period under Art. 127.3 of Bankruptcy Law. Listen to the podcast.Read more
News: 20 FEBRUARY 2020
Allen & Overy advised on more deals during 2019 than any other law firm in the world. According to data from Refinitiv and Dealogic, A&O advised on 17% more deals than its nearest competitor across global DCM, ECM, M&A, loans and project finance.Read more
News: 18 FEBRUARY 2020
Our New York team remains among the leading advisers across the North American leveraged finance market, according to data published by Debtwire.Read more
Business in the Community Big Tick Award
Coffey International Awards category for three years in a row
Excellence in Community Investment
The Law Society, 2010