Damen Shipyards Debarred by World Bank for 18 Months
Company: Damen Shipyards Group N.V.
Summary
The World Bank debarred B.V. Scheepswerf Damen Gorinchem for 18 months in 2016. World Bank records state that the company was ineligible for Bank-financed contracts during the debarment and that release depended on compliance and cooperation conditions. An OECD review later described the World Bank action as following Damen's failure to disclose payments to an agent in a tender to supply fisheries patrol boats. World Bank records show Damen was released from sanctions in September 2017 after satisfying applicable conditions. Sources: World Bank https://thedocs.worldbank.org/en/doc/362721464359206581-0290022016/original/WorldBankNotesonIneligibleFirmsandIndividualsMay272016.pdf https://www.worldbank.org/content/dam/documents/sanctions/office-of-suspension-and-debarment/2019/may/WBG-SanctionsSystemARFY18-final-for-web.pdf