This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Hyundai Rotem prohibited from public tenders for 10 months for legal infraction

( June 29, 2016, 05:02 GMT | Insight) -- Hyundai Rotem said it has been banned from participating in public tenders for 10 months from July 1, 2016 to April 30, 2017 for violating the Framework Act on the Construction Industry, MBN reports.Hyundai Rotem said it has been banned from participating in public tenders for 10 months from July 1, 2016 to April 30, 2017 for violating the Framework Act on the Construction Industry, MBN reports. Last November, the company won a contract to build subway platform screen doors in 22 stations in Daegu City for 23.3 billion won ($20 million). The project was a public tender ordered by the Daegu Metropolitan Transit Corp. Hyundai Rotem handed the project over in fully operational form to a subcontractor by making a turn-key contract, which is not allowed under the law. Hyundai Rotem said it will appeal to the city to cancel the administrative measure and, if necessary, will file an administrative lawsuit. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections