Abstract. The existence of Lipschitz quasiadditive projections on linear subspaces is investigated. A new characterization of the bounded approx-imation property provides an alternative proof of the equivalence between this property and its Lipschitz version. We show that Lipschitz-free spaces over finite-dimensional normed spaces have a finite-dimensional decomposi-tion. The purpose of this work is to investigate the approximation properties of the natural preduals of spaces of Lipschitz functions on metric spaces. Such preduals are sometimes called free spaces and although their definition is fairly straightforward, their structure remains largely unknown. In the first section, we investigate in a fairly general context Lipschitz quasiadd...