- 16 - c. If the licensee falls in arrears with regard to payment of fees of renewal of the license in due time. Article 32 A license shall be cancelled upon the liquidation of the licensee, lodging bankruptcy or loss of capacity. Article 33 A licensee whose license has been cancelled by law cannot demand any compensation or refund of payments made to obtain the license or renew it or for any other reason. Article 34 A licensee shall cease to accept new subscriptions as of the date of notification of the cancellation of the license. The licensee shall not continue work as of the date of cancellation of the license except for what is necessary for the transfer of subscribers to another licensee, according to a written approval of the Ministry. Article 35 An individual whose license has been cancelled cannot apply for a new license before the lapse of five years as of the date of the cancellation of the license. Article 36 The decision to cancel the license shall not prevent the parties prejudiced by the contraventions of the licensee from seeking compensation from him, nor shall it affect the right of subscribers to demand compensation or refund fees. Article 37