UK Export Finance: Legal Opinion

(asked on 12th November 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, with reference to her Department's procurement exercise for the General Aerospace Legal Panel, reference 260167/1011745, if she will publish the business case for the expenditure of £40 million on the provision of a General Aerospace Legal Panel.


Answered by
Mike Freer Portrait
Mike Freer
Parliamentary Under-Secretary (Ministry of Justice)
This question was answered on 19th November 2021

The purpose of the General Aerospace Legal Panel is to procure a panel of law firms to provide specialist legal advice and representation to UK Export Finance (UKEF), primarily in relation to when it provides ‘financing’ support to exporters in the aviation sector. The cost of such legal advice provided by the panel firm is typically met by the borrower rather than UKEF. The contract value advertised is the maximum value that can be spent through the framework during its four year term through subsequent call-off contracts and not the value of any committed spend.

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