Lebanon approves financial, legal advisers on debt restructuring-government source
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BEIRUT, Feb 25 (Reuters) - Lebanon has given approval for asset management company Lazard to be its financial adviser on debt restructuring, a government source said on Tuesday, with the heavily indebted state facing a major financial crisis.
The approval was given during a cabinet meeting on Tuesday. Approval was also given for law firm Cleary Gottlieb Steen & Hamilton LLP to act as the government's legal adviser, the source said.
(Reporting by Samia Nakhoul; Writing by Tom Perry; Editing by Samia Nakhoul)
