WORLD BANK DEBARS A KOREAN IT COMPANY FOR 3 YEARS FOR AN OBSTRUCTIVE PRACTICE CONNECTED TO A PROJECT IN VIETNAM

A post from the FCPA Blog on 5 December advised that Lotte Data Communications Company Limited (LDCC) and its subsidiaries are ineligible to participate in projects and operations financed by the World Bank Group during the 36-month debarment.  LDCC is part of the Lotte Corporation. Lotte is the fifth-largest chaebol in South Korea.

https://fcpablog.com/2022/12/05/world-bank-debars-korean-chaebols-it-unit/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: