Dear Dick,
 
Following the recent meeting with the insurance brokers and insurer and as 
suggested by the insurer 
it is of utmost importance that we are recognised by the UAE Govt. even as a 
club. In case of disputes
we can be properly represented if we have legal existence.
 
Future claims will also be paid by insurer to the foundation but since we don't 
have a bank account 
in the name of the foundation, we may face difficulty in getting the claims. To 
open a bank account 
in the foundation or club's name we must be duly registered and recognised 
locally.
 
Since you mentioned that we can not be registered as a foundation but as a 
club, the name of the club 
as registered should be the name to appear in the contract.
 
I therefore suggest the insurance coverage commence on January 1, 2009. This 
will give us more time
to get proper recognition from the ministry of social affairs, open a bank 
account in the club's name, 
get more members to meet the minimum requirement of 10,000 members.
 
As of today we only have 249 members ( 61 incorporators / 188 charter members). 
The balance 9,751 
members may be added in the list in the next 120 days.
 
Regards,
 
Bal
 
 
 
 
 
 



Subject: FILEX INSURANCEDate: Wed, 20 Aug 2008 20:13:02 +0400From: [EMAIL 
PROTECTED]: [EMAIL PROTECTED]: [EMAIL PROTECTED]; [EMAIL PROTECTED]

Dear All,
 
For your study until tomorrow and Friday's signing.
 
Thanks and regards, 
 
 
Dick E. Orense

Corporate Senior Document Controller
Cansult Maunsell Limited
 
The Towers at the Trade Centre
West Tower, Level 7
PO Box 53
Abu Dhabi, United Arab Emirates
 
T   +971 2 410 9400
D   +971 2 410 9446
F   +971 2 410 9401
E   [EMAIL PROTECTED]
 
www.cansultmaunsell.com
 
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