Regulation 194. Other grounds of exclusion

(a) is bankrupt or is the subject of insolvency or winding-up proceedings, where its assets are being administered by a liquidator or by the court, where it is in an arrangement with creditors, where its business activities are suspended or it is in any analogous situation arising from a similar procedure under national laws and regulations;

(b) is subject to a conflict of interests as referred to under the definition in regulation 2 which cannot be effectively remedied by other less intrusive measures;

(c) has been involved in the preparation of the procurement procedure, unless such an exclusion cannot be remedied by other, less intrusive measures.