Fee context:Lazard ~US$6.9m, Clifford Chance ~US$4.6m, total ~US$11.5m.Procurement:Cabinet-approved competitive process (RFP; many proposals received). Scorecard Necessity (High): Sri Lanka lacked deep in-house sovereign restructuring capacity; crisis conditions demanded specialist modelling + creditor engagement. Reasonableness vs global norm (Likely Medium–High): The fee level sits in a plausible band for a multi-year, multi- creditor sovereign workout, though “reasonable”

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