An Echelon Media Company
Sunday June 26th, 2022

Sri Lanka selects Lazard, Clifford Chance to advice on debt-restructuring

ECONOMYNEXT – Sri Lanka has selected France-based Lazard as financial advisor and Clifford Chance LLP as legal advisor to support the country on debt restructuring Minister Bandula Gunewardene said.

The cabinet has approved a proposal by President Gotabaya Rajapaksa to appoint the two.

The fee will be 5.6 million US dollars.

The advisors were recommended by a committee headed by Treasury Secretary Mahinda Siriwardena and Central Bank Governor Nandalal Weerasinghe.

Weerasinghe said the committee had also negotiated the fees down.

Leave a Comment

Your email address will not be published.

Leave a Comment

Leave a Comment

Your email address will not be published.