Lazard Seeks to Supplant Centerview as Venezuela's Debt Adviser with Lower Fee Proposal
Lazard has submitted a late proposal to replace Centerview Partners as Venezuela’s financial adviser on the country’s sovereign and PDVSA debt restructuring, offering to do the work for $25 million — markedly below the fee Centerview had been negotiating. The selection of an adviser will shape negotiations over roughly $60 billion in defaulted bond…