Court temporarily suspends 2-year bidding ban on LIG D&A
LIG Defense & Aerospace (LIG D&A) said Tuesday a court has temporarily suspended a two-year ban on its participation in defense procurement bids imposed by Korea's arms procurement agency. Last month, the Defense Acquisition Program Administration (DAPA) imposed the ban after LIG D&A officials were indicted on charges of bribing a DAPA official during weapons procurement tenders. The ban was due…
LIG Defense & Aerospace (LIG D&A) received a reprieve on Tuesday when a court temporarily halted a two-year ban on its participation in defense procurement bids, announced by Korea's arms procurement agency. The ban was originally set to commence last Thursday following the indictment of LIG D&A officials for allegedly bribing a DAPA official during weapons procurement tenders.
The suspension, which extends until November 20, enables the company to continue bidding for defense contracts. A hearing is scheduled for November 5 to review LIG D&A's petition for an extended suspension, after which the court will determine if the ban should remain suspended pending the outcome of the company's lawsuit challenging the sanction.
Should the court grant the request, LIG D&A will retain the ability to bid on defense contracts until a ruling is made on its lawsuit seeking to overturn the ban, according to the company, which intends to pursue its case through formal legal proceedings.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Court temporarily suspends 2-year bidding ban on LIG D&A koreatimes.co.kr
- Court temporarily suspends 2-yr bidding ban on LIG D&A en.yna.co.kr
