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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

The sun shining behind a row of modern skyscrapers

Publications: 03 AUGUST 2021

LIBOR transition: less is more

In the race to remediate, the moment has come for lenders to lighten up on corporate authorisations and legal opinions.

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Building and sunlight

News: 02 AUGUST 2021

A&O advises on financing of British Land’s first net zero carbon development

Allen & Overy has advised the joint mandated lead arrangers and green loan advisers, Crédit Agricole Corporate and Investment Bank and DBS Bank Ltd., London Branch on the GBP420 million five year…

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Key regulatory topics

Publications: 27 JULY 2021

Key Regulatory Topics: Weekly Update 9 - 15 July 2021

This week, among other highlights, Committee on Payments and Market Infrastructures, BIS Innovation Hub, International Monetary Fund and the World Bank issued a joint report for the G20 on the use of…

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Key regulatory topics

Publications: 23 JULY 2021

Key Regulatory Topics: Weekly Update 16 - 22 July 2021

This week saw the UK authorities continue to look at the shape of the UK financial services regulatory framework post-Brexit with publications and call for evidence on the UK’s money laundering…

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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.