Circular No. 11/97 - Renewal of the IGA - The Int'l Group's Response
To: MEMBERS OF THE ASSOCIATIONOctober 7, 1997
Dear Member:Circular No. 11/97
RENEWAL OF THE INTERNATIONAL GROUP AGREEMENT: THE
INTERNATIONAL GROUP'S RESPONSE TO THE EUROPEAN
COMMISSION'S STATEMENT OF OBJECTIONS - SEPTEMBER 16, 1997
As you are probably aware, International Group Clubs have now formally replied to the European Commission's Statement of Objections in a Response delivered to the European Commission on September 16, 1997.
Enclosed with this Circular is a note summarizing the position and setting out the arguments presented by the Group in reply to the Statement of Objections.
The Managers will be pleased to provide a full copy of the Response to any Member who might like to review the details more fully.
Shipowners Claims Bureau, Inc., Manager
for THE AMERICAN CLUB
Joseph E.M. Hughes
Chairman & CEO