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Source: EIC Fund – Investment Guidelines 2023

What exclusions must an EIC Fund Final Recipient confirm in the EIC Fund Agreement?

Answer
The EIC Fund Final Recipient must confirm it is not in an exclusion situation: not bankrupt or subject to insolvency/winding-up procedures, not under asset administration by a liquidator or court, not in arrangement with creditors, not suspended or in an analogous situation; has not been finally adjudicated in breach of tax or social security obligations; not finally judged guilty of grave professional misconduct (including fraud, misrepresentation, competition distortion, IP violations, attempting to influence award procedures or obtain confidential award information); not finally judged guilty of fraud, corruption, criminal organisation activity, money laundering, terrorist financing, terrorist offences, child labour or trafficking in human beings; has not shown significant deficiencies in implementing a legal commitment financed by the budget leading to penalties or early termination; has not been finally judged to have committed an irregularity under Council Regulation No 2988/95; and has not created an entity in a different jurisdiction to circumvent legal obligations.
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