Where the successful tenderer has applied for composition with creditors but the court has not yet granted it, may the contracting authority conclude the contract with that tenderer?

Decision number:

2023/UY.I-368

Decision date:

07 April 2023

Reading the legislation and the explanations together, for an undertaking to fall within the expression “declared composition with creditors” in Article 10(4)(a) of Law No 4734, the composition must have been approved by the court.