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Clifford Chance

Public-Private Partnership 2008

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ProjectThe UK's Future Strategic Tanker Aircraft (FSTA): £13bn to procure and run the UK's air- to- air refuelling capability worldwide.
Award LevelHighly commended
Originality6
Creativity7
Impact3
Total16
The lawyers' innovationThe firm advised AirTanker, the preferred bidder, as it negotiated the complexities of its risk exposure. The firm managed the flow-down implications of changes to the project as it affected the sponsors. Nearly half the firm's meeting rooms were used at the height of negotiations and at its peak the project represented a considerable management challenge.