stronach group is a gambling and horse racing company in north america with several holdings in europe and australia , and is north america 's largest thoroughbred racing company , based on revenue and holdings .

stronach group

in a story introducing the new chairwoman of the stronach group , written by stronach group executive dennis mills at urltoken , belinda stronach said the track owner will continue to put emphasis on entertainment .
. the additional $ 4 million usd will be contributed by the stronach group .
as belinda stronach takes the reins of the stronach group from her father frank stronach , she said the company will emphasize the entertainment value in horse racing .
the stronach group has officially acquired the racing and gaming assets of mi developments , a company once headed by frank stronach .
the stronach group ' s new chair on importance of pegasus cup world cup invitational .
, 2017 at the stronach group’s premier destination , gulfstream park in hallandale beach , florida .
greg avioli will be the chief executive officer of the stronach group’s racing and gaming division .
lagorio said that the potential loss of the rhdf has not scared away the stronach group .
said tuttle :
i have a great deal of respect for the stronach group .
the stronach group will also guarantee that all income including the handle of the race , media rights , and sponsorship less expenses will be split 70 % shareholders and 30 % stronach group .
the stronach group will underwrite the race to make sure it is conducted to the highest standards .
tim ritvo coo of racing for stronach group , the operator of pimlico race course and laurel park .
stronach group - former mi developments inc . or mec assets and racetracks | mi developments mec assets racetracks
the stronach group today named mike rogers president and tim ritvo chief operating officer of its racing division , effective immediately .
stronach’s daughter , belinda , a former member of the canadian house of commons from 2004 to 2008 , also will be part of the stronach group’s management , avioli said . she is currently the vice chairman of magna international and the chair of the belinda stronach foundation , a charitable group .
belinda stronach is now president and chairs the board of the company founded by her father , frank stronach .
former breeders’ cup ceo greg avioli has taken the helm as chief executive officer of stronach entertainment , and now oversees stronach group’s racetracks and other assets , including santa anita park .
this entry was posted in the biz and tagged frank stronach , horse racing , mike rogers , the stronach group , thoroughbred , tim ritvo by press release . bookmark the permalink .
“it is a privilege to deepen my involvement with frank stronach and the broader stronach group” , ritvo remarked . “i am excited to apply some of the measures we have successfully implemented at gulfstream park – which has become one of the premier entertainment facilities in the country – to the other stronach group racetracks . ”
the san luis rey downs lease , which was under mid and will now be through the stronach group has two more years .
this entry was posted in ray ' s paddock and tagged belinda stronach , dennis mills , elfriede stronach , frank stronach , golden gate fields , gulfstream park , laurel park , maryland jockey club , pimlico , urltoken , santa anita park , the stronach group by ray paulick . bookmark the permalink .
lagorio also acknowledged that it ' s still early in the process for any potential deal between the carney family and the stronach group .
the reorganization of frank stronach’s holdings has created an ownership transfer of the san luis rey downs ( slrd ) thoroughbred training center land from mi developments , inc . ( mid ) , to the stronach group which is controlled by the stronach family trust .
“the stronach group is thrilled to be partnering with nbc to bring the 2018 pegasus world cup invitational to fans across the united states , ” said belinda stronach , chairman and president , the stronach group . “we believe nbc delivers north america’s best horse racing content and we look forward to collaborating to showcase this unforgettable entertainment experience . ”
although discussions are admittedly in the “very early” stages , there are indications that the stronach group is considering building a racetrack in new england .
otero wrote the interstate horseracing act can be used as the stronach group ' s “predicate for a california business and professions code claim . ”
as new england thoroughbred horsemen and stakeholders continue to anticipate a precarious fate , the stronach group is looking at possible expansion into the region .
when it comes to managing the racing properties owned and operated by the stronach group , the integrity of the sport of horse racing is paramount .
reference is made to the transaction agreement dated november 26 , 2008 between mec , the stronach group and the undersigned ( the transaction agreement ) .
stronach group executive tim ritvo has met with owners of a defunct greyhound track to discuss the possibility of expanding the facility into a thoroughbred racetrack .
this statement is being filed by mr . stronach , the stronach trust , and 445327 ( collectively , the reporting persons ) .
but under the ownership of the stronach group — whose guiding force is its 81 - year - old founder , frank stronach — gulfstream park racing & casino is no longer content to go silent in the summer .
monday ' s order granted stronach group ' s motion for partial summary judgment and denied derby wars ' motion for summary judgment to dismiss the suit .
federal judge rules against contest operator derby wars in stronach group lawsuit - page 3 - horse racing forum - paceadvantage . com - horse racing message board
with the commitment to an enhanced purse , the stronach group aims to attract the attention of an international audience marking the resurgence of north american thoroughbred racing .
officials with the stronach group have called what it refers to as an “urgent meeting” with horsemen at golden gate fields to discuss the future of the northern california racetrack it owns . the stronach group and the california horse racing board are at an impasse over the company’s application for a license to its upcoming [ … ]
the stronach trust , fair enterprise limited and their respective subsidiaries ( including 445327 ontario limited but excluding mi developments inc . , magna entertainment corp . and magna international inc . and their respective subsidiaries ) ( collectively , the stronach group )
frank stronach , chairman of the stronach group , stated , “mike rogers and tim ritvo are recognized by the horse community as being the best in the business . it gives me great pleasure to appoint them to their new positions . ”
thoroughbred invitational exemplifies the stronach group’s commitment to modernizing and elevating the sport of horse racing for the next generation of fans , while providing lucrative opportunities for thoroughbred owners .
stronach group is seeking injunctive relief , along with monetary damages and restitution for money the suit claims was “wrongfully” obtained . a june 27 trial date has been set .
on thursday nehbpa officials said they were surprised to learn that the stronach group and george carney are engaged in discussions about turning raynham park into a live thoroughbred venue .
“if we do need additional capital , i’m fully confident for good reasons that we will be able to get that capital from the stronach group , ” avioli said .
rogers has over 28 years experience in the horse racing industry . prior to the appointment as president , rogers was vice president of the stronach group , racing division .
“they’re trying to send the right people with the stronach group and keep the other people that need to be with mid’s u . s . holdings , ” howard said .
host your group or event at santa anita . our facility can host virtually any size event .
this entry was posted in the biz and tagged harness racing , horse racing , rosecroft , rosecroft raceway , the stronach group , thoroughbred by press release . bookmark the permalink .
this entry was posted in nl article , the biz and tagged derby wars , horse racing lawsuits , online tournaments , the stronach group by ray paulick . bookmark the permalink .
mi developments also at one time owned magna entertainment , north america’s largest thoroughbred horse racing company . mi sold its gaming and horse racing assets to the stronach group in 2011 .
toronto , ontario - the stronach group is pleased to announce the appointment of mr . tamir shanel as executive vice president , food and beverage . the recruitment of mr . shanel is part of the stronach group’s ongoing commitment develop world - class customer experiences across its properties as it leads the industry to modernize and reignite the sport of thoroughbred horse racing .
this entry was posted in nl article , the biz and tagged frank stronach , george carney , horse racing , new england hbpa , new england racing , raynham park , the stronach group , thoroughbred , tim ritvo by paulick report staff . bookmark the permalink .
– during a tuesday morning session of the thoroughbred owner conference at gulfstream park , mr . frank stronach , the founder and honorary chairman of the stronach group , presented a business proposition that would lead to the creation of the world’s richest thoroughbred race in history .
the settlement defuses a dispute that resulted in the stronach group suing derby wars in 2015 , alleging that the company had violated provisions of the interstate horseracing act , a 1978 federal law , by using races from the stronach group’s tracks in online tournaments without the company’s approval . it also will allow both sides to avoid a trial that was scheduled for later this month .
belinda stronach , president and chief executive officer of the stronach group , said : “the acquisition of mid’s racing and gaming assets positions the stronach group at the forefront of the thoroughbred horseracing industry . we are fully committed to ensuring the success and profitability of our strong portfolio of racing and gaming operations . we also look forward to working with the horseracing industry and all of its stakeholders to ensure the long - term success and viability of the industry . ”
a group of eight shareholders , including most of mi development’s 10 largest investors , proposed the deal as an alternative to stronach’s previously announced proposal to take the real - estate company private .
charitable spending ( including governance costs ) as a percentage of the group’s total income available for charitable activities .
tim ritvo , chief operating officer of the stronach group racing division , watches a race at santa anita park on june 3 . ( patrick t . fallon / for the los angeles times )
hrtv , the network for horse sports , announced today that its owners churchill downs incorporated ( “cdi” ) and the stronach group ( “stronach” ) have entered into an agreement renewing their existing partnership in the network , and committing their racing content to the network on an exclusive basis .
stronach group founder frank stronach said he envisions holding the race in january at gulfstream park in florida or santa anita park in california . but given the company ' s ramped up commitment to maryland racing , might this mega - event one day be held at a renovated laurel park ?
a funding source has yet to be identified . last month baltimore mayor catherine pugh said she had not met with stronach group , the private owner and operator of the track , about possible funding solutions . pugh and stronach officials have said they would prefer building an entirely new track .
arcadia , california – june 14 , 2017 – the stronach group announced today that it has entered into a settlement agreement with horse racing labs , llc dba derbywars . the settlement agreement memorializes the recent federal court ruling in favor of the stronach group , ensures that derbywars will not use the content from stronach racetracks without consent , and requires a significant monetary payment to be made by derbywars . the precedent established by this case is of great importance to the entire horse racing industry .
“we’re not in it for charity , ” said tim ritvo , the stronach group’s chief operating officer . “we’re racing to make money , and we think we do a good job of it . ”
the stronach group announced today that its purchase of prince george’s gaming ventures , llc , the holding company of rosecroft raceway in maryland , from penn national gaming inc . , has been officially completed .
the stronach family trust remains magna international’s largest single shareholder and stronach remains chair of its board but with less clout . his daughter , former federal cabinet minister belinda stronach , is also stepping down from magna international’s board of directors at the end of the year .
“the stronach group is leading the industry in making critical investments to rebuild our tracks as unique entertainment destinations that deliver unforgettable experiences , ” said belinda stronach , president & chairman . “we are thrilled that mr . shanel will be bringing his diamond standard service to the benefit of our customers . ”
the stronach group announced today that its purchase of prince george ' s gaming ventures , llc , the holding company of rosecroft raceway in maryland , from penn national gaming inc . , has been officially completed .
following the success of the 2017 inaugural running of the pegasus world cup invitational , the stronach group will contribute $ 4 million usd to enhance the purse from $ 12 million usd to an unprecedented $ 16 million usd . the enhanced purse reflects the stronach group’s ongoing commitment to modernizing and elevating the sport of horse racing for the next generation of fans , while providing lucrative opportunities for both domestic and international thoroughbred owners .
the stronach group , which owns and operates pimlico race course and laurel park , has proposed creating the most lucrative thoroughbred race in history — a $ 12 - million event known as the pegasus world championship .
carney said that he , his father , and ritvo were excited about their meeting and that ritvo told them he would take the information back to the stronach group and they would proceed together from that stage .
t gulfstream park , the stronach group has created a gateway entertainment destination at one of our premier properties , drawing tourists from across america and around the world to the heart of florida ' s ocean playground .
and the nbc sports app - nbc sports group’s live streaming product for mobile devices , tablets , and connected tvs .
former president of the maryland jockey club heads group that seeks to purchase the mjc from a bankrupt magna entertainment corp .
his first race track venture was the magna entertainment corp . , a publicly held arm of his magna international . following the bankruptcy of mec a few years ago , stronach held on to a handful of the tracks , including gulfstream , and placed them under the the stronach group , a private firm .
the new company will be headed up by greg avioli , the former chief executive of breeders’ cup . avioli has said that the stronach group considers the racetracks to be “well - capitalized , ” but he also said that he expects stronach to provide funding to the company if its cash needs run short .
“for too long horse racing spent too much of its money marketing to a demographic they desired but not offering the product that demographic wanted , ” brackpool says . it was time to change that . in january 2013 , stronach group announced that brackpool had taken an equity share in the group and would direct its west coast operations .
after the 142nd running of the preakness stakes at pimlico race course on saturday , the stronach group ' s top executive will leave his east coast base and move to arcadia to try to revitalize santa anita park .
as part of agreement to have the stronach group take over racing operations at calder casino & race course , cdi announced may 28 that it will walk away from its involvement in hrtv as tsg will become sole owner .
belinda stronach has been taking an ever more active role in the company – whose racetrack holdings also include gulfstream park in florida , the maryland jockey club ' s laurel park and pimlico , and golden gate fields in northern california – and she now serves as the stronach group ' s president and chairs its executive board .
tim ritvo , chief operating officer of the stronach racing group , is being sent west to help
implement best practices ,
sal sinatra confirmed to the times . sinatra is the maryland jockey club president and general manager .
the stronach group , owners of xpressbet , north america ' s leading online horse racing wagering provider , announced today that ron luniewski , president and ceo of xpressbet , has departed from the company effective april 20 , 2018 .
without owning the property or having an agreement in place , the stronach group can ' t plan for the future as it concerns new england racing . that doesn ' t mean the company hasn ' t thought about it .
all information in this amendment no . 14 relating to mr . stronach , the stronach trust or 445327 has been furnished by these entities and mid disclaims any responsibility for the accuracy or completeness thereof .
“we are excited to partner with the stronach group to kick off our 2018 horse racing coverage with the second running of the world’s richest race , ” said jon miller , president of programming for nbc sports group . “arrogate’s dominant victory in the inaugural race this past january was thrilling for those watching in person at gulfstream and on the nbc telecast . ”
“obviously , if we get the breeders’ cup , it would be good for racing in california , ” said frank stronach of the stronach group , which gained sole control of santa anita park on june 30 . “it’s a huge spectacle . it’s watched on tv all over the world . it’s a mega - sport event . ”
stronach proposed raising the money by selling $ 1 - million stakes to 12 shareholders , each of whom would be guaranteed one entry in the race . the stronach group would underwrite the event and take a 30 - percent share of profits from betting , media rights and sponsorship . the other 70 percent would go to the shareholders .
at the intersection of sport and entertainment , the stronach group is mobilizing the next generation of fans while providing a deeper experience to existing fans through social media , mobile applications , and by offering exciting new events and top tier service .
a group of major shareholders , representing more than half of mi’s class a shares , has agreed to a plan that would see stronach relinquish voting control in return for some of the company’s assets , including its horse - racing tracks .
not really relevant to the discussion , but the stronach group does not have any ownership in chrims . they ' re a non - profit managed by a board of various california stakeholders ( which does not include anyone from tsg ) .
mills writes that the stronach group ' s president is ready for the challenge . “belinda has been groomed for this by one of the best business minds in the world and she ' s ready to step up to the plate . ”
ritvo said that there could be “creative ways” to use the race horse development fund to pay for the renovations , such as allowing the stronach group to retain a larger share of the pari - mutuel handle if the fund were used to provide all of the money for purses at the meet . he also said that the fund could be used to directly provide money for “capital improvements” at racetracks , as is the case in maryland , where the stronach group owns two tracks .
magna has teamed up with the bmw group , intel and mobileye in an alliance to speed the production and commercialization of driverless cars .
the stronach group owns the maryland jockey club , which operates laurel park and pimlico race course , home of the preakness stakes , as well as pari - mutuel facilities gulfstream park , santa anita park , portland meadows and golden gate fields .
the stronach group has successfully transformed tracks at gulfstream park in florida and laurel park in maryland . now , it aims to do the same at santa anita , seen above . ( kathy m . y . pyon / los angeles times )
the stronach group is a joint venture partner with magna international inc . in magna e - car systems , which designs , develops and manufactures hybrid and electric vehicle systems , modules and components , as well as complete hybrid and electric vehicles .
“if the energy at the pegasus world cup invitational post position draw held today is any indication of what we can expect this weekend , then we are off to an amazing start , ” said belinda stronach , chairman & president of the stronach group . “the rematch of the decade between california chrome and arrogate brings a unique level of excitement . ”
earlier this year greenlight capital lost a lawsuit alleging mr . stronach ' s empire had oppressed minority shareholders .
“the preakness is one of the most storied sporting events in american history , ” said belinda stronach , chairman and president of the stronach group . “it is our goal to honor that history while continuing to modernize the sport of thoroughbred horse racing by offering unique entertainment and guest experiences , such as infieldfest , to engage a new generation of fans . ”
the short answer is yes , something like this could eventually happen here ,
said bruce quade , former chairman of the maryland racing commission .
i believe the stronach group looks at maryland racing as a complement , an equal partner to gulfstream and in their racing business . frank stronach said exactly that in his recent visit to maryland .
as a subsidiary of the stronach group , xbtv delivers superior racing and industry content to viewers around the world . as sponsor of the xbtv aftercare film festival , xbtv aims to engage millennial audiences while raising awareness for the issue of thoroughbred aftercare .
“i believe there is a significant scope of opportunity and potential to elevate our brands to exceed the expectations of our existing and new customers . ” offered mr . shanel who added , “i am honored to be joining the stronach group today . ”
as west coast chairman of the stronach group , he wanted to make sure that the iconic track is relevant in today’s entertainment world . in the past , stadiums had been male - dominated , without televisions , and were built for standing only .
before i blame anyone here , i walked around and found passionate people . but sometimes you get in a zone and need some advice from outside . [ stronach group chair and president ] belinda [ stronach ] thinks that even though we ' ve grown market share , the entire industry is underperforming and we should be doing a better job on the sport .
dennis mills , a longtime friend and business associate of company founder frank stronach , gave his perspective on the transition of power to frank and elfriede stronach ' s daughter , belinda , in an article published at urltoken .
the stronach group today announced that it has acquired the racing and gaming assets formerly held by mi developments inc . ( mid ) ( nyse : mim ) as part of a previously announced reorganization proposal approved by mid shareholders on march 29 , 2011 .
tim ritvo , the stronach group ' s chief operating officer , met with racetrack owners , state legislators , and massachusetts gaming commissioners july 24 to delve deeper into the possibility of converting a former greyhound track into a live thoroughbred venue for next year .
after the may ruling , derby wars removed races from tracks operated by the stronach group from its contests , but it did not cease operating , instead limiting its contests to races from tracks that were not a party to the suit . in addition , last year , derby wars reached out to at least one racetrack , hawthorne racecourse near chicago , to cut the track in on any revenue from contests using hawthorne’s races , an agreement that ultimately foreshadowed the terms of the settlement reached with the stronach group .
the transition allowed for a division of employees and non - labor assets between the various stronach - owned interests .
one of the main factors behind the decision was a desire to group together magna’s global and canadian corporate offices under one roof , fuerst said .
greg avioli , president and ceo of the stronach group racing division , stated : “one of our main objectives at the stronach group is to work in a more collaborative fashion within the racing industry for the betterment of the sport and our fans . we are excited by this long - term extension of our alliance with churchill downs , and are confident it will strengthen hrtv , which we believe is a key asset in helping to grow the sport of thoroughbred horse racing and in serving the needs of equestrian fans . ”
this amendment no . 14 to schedule 13d amends the statement on schedule 13d ( the statement ) filed by frank stronach ( mr . stronach ) , the stronach trust , 445327 ontario limited ( 445327 ) , bergenie anstalt , mi developments inc . ( mid ) and 1346457 ontario inc . on september 20 , 2003 , as previously amended , with respect to the class a subordinate voting stock , par value $ . 01 per share ( meca shares ) of magna entertainment corp . , a delaware corporation ( the company ) . this amendment no . 14 is being filed to report that mid has terminated the transaction agreement ( the transaction agreement ) , dated november 26 , 2008 , among mec , mid , 445327 , the stronach trust and fair enterprise limited ( collectively with 445327 and the stronach trust , the stronach group ) .
the move is said to be part of a restructuring , with one goal to have only one big - events team that can move from track to track . the stronach group owns santa anita , gulfstream , pimlico , laurel , golden gate and portland meadows .
greg avioli is not new to thoroughbred racing . but the former chief executive of the breeders ' cup race still faces a difficult task in running the stronach group ' s racing business , which took full control of the financially ailing maryland jockey club . . .
the event is scheduled so not to be disruptive to the breeders ' cup or dubai world cup ,
said tim ritvo , the stronach group ' s chief operating officer for racing .
it is still early in the process . anything is possible .
under the settlement , derby wars is required to pay $ 250 , 000 up front to the stronach group and then make monthly payments of approximately $ 20 , 000 to the company for the next year , for a total of just under $ 500 , 000 .
we think boston is a good market and we don ' t want it to go away . we ' re in preliminary talks with george carney , but it ' s very early ,
said tim ritvo , the stronach group ' s chief operating officer .
laurel park would probably need upgrades as well to take on the preakness , but turner said the cost would probably be less than the cost of renovating or rebuilding 147 - year - old pimlico . both racetracks are owned and operated by canada - based stronach group .
“we intend to immediately begin working with selected licensed handicapping contest operators to establish a business model under which they can offer these contests to their customers using stronach content while ensuring that racetracks and horsemen putting on the show receive adequate compensation for the racing content they are creating , ” scott daruty , the executive vice president of content and media for the stronach group , said in a statement .
the latest owner of laurel park and pimlico race course says the preakness is the key to turning around the state ' s horse racing industry . greg avioli , who heads the stronach group ' s racing business , told state regulators friday that the second leg . . .
post position 11 : eragon , the winner of multiple group 1 stakes races in his native argentina trained by laura wohlers , with jockey edgar prado riding .
the charity group’s total income adjusted for the trading subsidiaries costs of income generation and other costs to give the percentage available to the parent for charitable spending .
kimberley noble . 2003 . frank stronach ( profile ) . the canadian encyclopedia urltoken ( accessed july 9 , 2018 ) .
the stronach group , a private company controlled by the billionaire owner and breeder frank stronach , owns santa anita park , golden gate fields , gulfstream park , laurel park , pimlico race course , and a handful of other racing - related companies , including xpressbet , an account - wagering operator , and amtote , a bet - processing company . drf operates an account - wagering platform in partnership with xpressbet .
there was discussion of installing a turf course , too ,
said carney .
the stronach group is experienced with building barns in maryland and at gulfstream ( park ) . we talked about stabling here on the backside rather than at an off - site training center .
stronach’s interests go beyond racing . his land holdings are immense . according to a 2012 ocala star - banner article , stronach was the largest private land - owner in marion county with 29 , 000 acres . stronach , who sold his controlling interest in magna international in 2010 for $ 1 billion , has also created his own vertically integrated cattle and beef company — adena meats .
this entry was posted in the biz and tagged arlington park , churchill downs , churchill downs inc . , greg avioli , gulfstream park , hrtv , pimlico race course , racing television coverage , santa anita park , scott daruty , stronach group by paulick report staff . bookmark the permalink .
the affable 52 - year - old former jockey , trainer and long - time racetrack executive has been sent to santa anita to fix things . ritvo has technically been in charge of santa anita and all other stronach group tracks since he was named chief operating officer of the racing division .
“this concert is for the fans and we are excited to share such a talented lineup with our guests , ” said stronach .
several shareholders were also critical of the millions of dollars of direct and indirect compensation paid to stronach each year for his services .
noble , kimberley . 2003 . frank stronach ( profile ) . the canadian encyclopedia urltoken ( accessed july 9 , 2018 ) .
“we think boston is a good market and we don ' t want it to go away . we ' re in preliminary talks with george carney , but it ' s very early , ” tim ritvo , the stronach group ' s chief operating officer told the bloodhorse in a recent interview .
citing a case involving whether a jackpot poker game constituted an illegal lottery ( bell gardens bicycle club v . department of justice ) , otero wrote “the court agrees with ( stronach group ) that derby wars entry fees are more akin to the wagers which form the ‘pot ' in poker . ”
sal sinatra , president and general manager of the maryland jockey club , said the stronach group will begin making improvements to rosecroft over the next 90 days . rosecroft , which opened in 1949 , begins its fall season of harness racing sept . 13 . the facility is open every day for simulcasting .
ray paulick , a racing industry observer as publisher of the paulick report , said the national perception of stronach has changed with time .
the story notes that belinda ' s brother andy stronach will research new and unique gaming opportunities to bring young people into horse racing .
derby wars , an online racing contest operator , will begin seeking consent from racetracks to use their races in its contests as a result of a settlement the company reached with the stronach group , a large u . s . racing company , the chief executive and founder of derby wars said on thursday .
the stadium authority and stronach group are scheduled to meet next week to discuss the scope of the study ' s second phase , mcguigan said . once they reach an agreement it will take eight months to complete the study , so the stadium authority will miss its original goal of completion by december 2017 .
“the stronach group has set itself apart in the horse racing industry as a company committed to the betterment of all of its stakeholders , including horsemen , jockeys and fans , ” rogers said . “i look forward to working together with our partners in the industry to tackle the challenges we collectively face . ”
tvg announced june 8 an agreement with tracknet media group that allows its affiliated web sites - - urltoken and urltoken - - to accept online wagers on tvg - exclusive racetracks .
stronach will use his control of multiple - voting shares of each company to defeat the proposals , the proxy circulars for both companies said .
you say there is an owner shortage . would a good first step be if frank stronach would move some of his horses out here ?
in contrast to the tradition represented by the preakness , stronach hopes to give racing a shot in the arm with the proposed pegasus world championship .
it looks like they are , at least for now , out of the business of holding real - money contests including races from stronach tracks .
kimberley noble , r . the canadian encyclopedia . ( 2003 ) . frank stronach ( profile ) . retrieved july 9 , 2018 , from urltoken
when [ stronach group founder ] frank [ stronach ] tapped me on the shoulder to run the company , he said :
we have a lot of work to save an industry that is struggling . and you ' re going to be the bridge between corporate , guys with mbas and lawyers who don ' t understand the first thing about racing . so i need a guy like you to help these guys understand the whole concept of racing from the bottom up .
the shareholders group has the right to pull out of the agreement if definitive documents aren’t completed by the end of january and the whole deal isn’t completed by the end of next june .
the stronach group announced today that after monitoring , compiling and televising the weights of horses the past several months at its facilities in california , florida and maryland , the information is scheduled to be available in past performances by the end of summer . prior to be being saddled before a race , each horse steps on a [ … ]
for that reason , the settlement is likely to have an impact on the industry beyond derby wars , as the stronach group and other racetrack operators use the case to press other contest sites to obtain consent for the use of their signals , at least when those sites are using simulcast content as the basis for generating their own revenue .
there has been a passing of the baton this year at the stronach group , owner of some of the premier racetracks on american soil , including santa anita park in arcadia , calif . , which for the ninth time on nov . 4 - 5 hosted the breeders ' cup world championships – two spectacular days of racing and entertainment .
stronach officials have also raised the controversial possibility of moving the preakness from pimlico to a refurbished laurel park in hopes of tapping the lucrative washington market .
but ritvo said stronach is in the process of creating a trust that would keep his tracks operating after his death as long as they remain profitable .
noble , k . . r . the canadian encyclopedia . ( 2003 ) . frank stronach ( profile ) . retrieved july 9 , 2018 from urltoken
noble , k . . r . the canadian encyclopedia . ( 2003 ) . frank stronach ( profile ) . retrieved july 9 , 2018 from urltoken
noble , kimberley .
frank stronach ( profile ) .
in the canadian encyclopedia . historica canada , 1985— . article published april 29 , 2003
kimberley noble .
frank stronach ( profile )
in the canadian encyclopedia . historica canada , 1985– . article published april 28 , 2003 . urltoken
tim ritvo , chief operating officer of the stronach group , owner of pimlico and laurel park in maryland , said results from the second phase of a maryland stadium authority market and economic study will determine the future of the preakness stakes . the first phase of the study , completed in february 2017 , put a cost estimate of [ … ]
tracknet media group is poised to cut off its signals to more than 80 nevada casinos jan . 7 unless a new agreement is met for what the content company feels are more equitable fees .
the pacific racing association , which operates golden gate fields in albany , calif . , for the stronach group , has filed a lawsuit against the california horse racing board in an effort to negate a law the chrb says requires racetracks to contract with otb facilities for simulcasting . at its last meeting , the chrb approved pacific racing’s license [ … ]
noble , kimberley .
frank stronach ( profile )
. the canadian encyclopedia . toronto : historica canada , 2003 . web . 29 apr 2003 .
noble , kimberley .
frank stronach ( profile )
. the canadian encyclopedia . toronto : historica canada , 2003 . web . 29 apr 2003 .
somebody pipes up to ask whether stronach intends to leave anything alone . of course , he says , and laughs :
the mountains will stay .
mec creditors have also been in court . last month some of them won the right to sue mid and mr . stronach , because they say their claims against mec should come ahead of mid . in court filings the mec creditors accused mr . stronach of using the racetracks as his
personal playthings .
nbc sports group is the exclusive home to the most important and prestigious events in horse racing , including the triple crown and the breeders’ cup . also in 2017 , nbc sports group televised the world’s richest horse race ( the $ 12 million pegasus world cup invitational ) and the $ 10 million dubai world cup , and in june will present the epsom derby and the royal ascot meet . nbc has been the exclusive home of the kentucky derby and the preakness stakes since 2001 , and the belmont stakes since 2011 , when nbc sports group reassembled the triple crown . the 2017 kentucky derby posted a
since 2009 , the stronach group has partnered with i . m . p . , renowned independent promoters and owners of the famed 9 : 30 club , operators of merriweather post pavilion and the lincoln theatre , and soon to open the anthem at d . c ' s southwest waterfront , to deliver a top tier festival experience on the infieldfest main stage .
since 2009 , the stronach group has partnered with i . m . p . , renowned independent promoters and owners of the famed 9 : 30 club , operators of merriweather post pavilion and the lincoln theatre , and soon to open the anthem at d . c ' s southwest waterfront , to deliver a top tier festival experience on the infieldfest main stage .
the settlement also requires derby wars to “memorialize” the may ruling by judge james otero of the u . s . district court for the central district of california , meaning that derby wars will agree in its negotiations with the stronach group that it is subject to the interstate horseracing act and that the fees paid by users of the sites will be regarded as wagers .
kimberley noble
frank stronach ( profile )
the canadian encyclopedia . eds . . toronto : historica canada , 2003 . web . 9 jul . 2018 .
however , stronach’s personal fortune also will provide a substantial backstop to the company should the businesses falter . in fact , stronach has recently indicated in interviews that he is willing to invest heavily in the new racing business as part of his legacy , in part because he will not have shareholders to push back against his proposals .
“the stronach group is an industry leader in world - class racing and is passionately committed to horse care and horse aftercare , ” said nicole stronach walker , taa advisory board member . “all of those that are involved in the industry , be it breeder , owner or track operator , have a responsibility to the horse to ensure a lifetime of happiness on and off the track . the xbtv aftercare film festival initiative is a great way for younger horse racing enthusiasts to raise awareness and lead the way for future growth in aftercare . ”
the move represents another step away from magna founder frank stronach , the hard driving austrian immigrant who created the world’s largest auto supplier from a small garage in toronto .
toronto — a breakthrough in the long - running battle between frank stronach and other shareholders of mi developments inc . sent the real - estate company’s stock soaring wednesday .
a few words of advice to southern californians : don ' t bet on it . if there was ever anybody out to rearrange landscapes , it is frank stronach .
the innovative pegasus world cup invitational is contested at 1 1 / 8 miles on the dirt and is restricted to twelve horses . the stronach group has reserved spots for twelve stakeholders at the starting gate for $ 1 million usd . stakeholders may race , lease , share a starter , or sell their place in the gate with the first place winner earning $ 7 million usd .
in gulfstream and santa anita , the stronach group has two of the sport’s marquee tracks . and the name recognition attached to both is what attracts bettors nationally to the product . given that more than 90 percent of all money wagered on thoroughbred racing in the u . s . is done off - track , ritvo said , that name recognition is important in driving up business .
obviously , the history and culture of this structure is magnificent . what we want to do is figure out how to incorporate the beauty that this place has and to utilize the facility for multi - purposes . racing would be the core business of the stronach group , but how do you multiply the entertainment component so we can mix this all together without it becoming a circus ?
- fresh off the heels of the inaugural running of the $ 12 million usd pegasus world cup invitational , the stronach group announced today that the world’s richest thoroughbred horse race is about to get even richer . on january 27 th , 2018 , the world will again turn its attention to south florida in anticipation of an extraordinary , new record - setting $ 16 million usd purse .
i ' m optimistic we can run full - time racing next year ( at raynham ) . if it were to be 50 days , remember that gulfstream started at 50 days ( after the stronach group purchased the track ) and now they run year - round . just a start of 50 days is far more than we ' ve had since 2014 ,
lagorio said .
the offices were built on part of stronach’s horse farm near wellington st . and bayview ave . an exclusive 18 - hole golf course and housing development was added later .
there could be some temporary barns to get things going , and maybe there could be a temporary grandstand . this is a group that could snap its fingers and have 100 pieces of equipment operating by september .
aurora is home to a number of corporate head offices , including magna competitor van - rob inc . , as well as the former state farm insurance , now part of quebec’s desjardins group , and also bulk barn foods .
ritvo said a live meet of no fewer than 40 days is required to provide incentive for the stronach group , as long as all of the numbers add up in the positive column . under a state statute passed in march , suffolk downs ' operating license and simulcast rights were extended through july 31 , 2016 , with the mandate that live racing is conducted
from one to 50 days .
paulick said that stronach’s interest and fascination with racing is so great that he shares a concerns with others around the country about the future of his tracks once he is gone .
under the proposal announced wednesday with mi development , the real - estate company would end up with only one class of shares and the shareholder groups would drop litigation against stronach .
the commission’s annual report also noted that total pari - mutuel handle in the state in fiscal year 2016 was estimated at $ 200 million , largely through wagering on simulcast signals . that is a rough estimate of the size of the pari - mutuel market in the state , relevant to the stronach group’s request to control simulcasting operations in the state and obtain a cut of betting through other account - wagering companies .
mid was spun off from magna international in 2003 to own and manage the car - part maker ' s real estate properties , but mr . stronach and his family retained control .
“there could be some temporary barns to get things going , and maybe there could be a temporary grandstand , ” lagorio said . “this is a group that could snap its fingers and have 100 pieces of equipment operating by september . ”
the settlement , which was approved by a judge on tuesday , specifically requires derby wars to obtain consent from the stronach group’s racetracks before using any of the company’s races in its contests . however , the terms of the settlement , and the larger issues it has raised , has moved derby wars to seek consent agreements with all racetracks whose content appears on its site , according to mark midland , derby war’s top official .
not that anyone should assume stronach ' s grand plans include retiring - let alone dying . quite the opposite . stronach - an active skier , tennis player and health food afficionado for whom junk food is poison - has made it abundantly clear that he intends to outlast us all . o ' malley says stronach never drinks anything stronger than a glass of red wine with lunch . not even a beer .
he seemed to be saying : ' how can a man like me die ? '
o ' malley says of conversations on the subject of health .
he sees no reason why he shouldn ' t live 200 years .
failing that , stronach will merely revert to the fallback plan - to leave an indelible mark on the world .
baltimore , md – the stronach group , owners of the legendary preakness stakes and pimlico race course , announced today that multi - platinum crossover artist sam hunt , the first male artist to have four number ones from a debut album on the country airplay chart and known for hits “leave the night on , ” “house party” and “take your time , ” will headline the 2017 preakness budweiser infieldfest concert on saturday , may 20 th .


assuranceforeningen skuld is an international mutual marine insurance company based in oslo , norway that specializes in protection and indemnity insurance and marine insurance .

total premium income for 2016/17 was usd 403 million .

in addition to oslo , skuld has offices in bergen , copenhagen , hamburg , hong kong , london , new york , piraeus and singapore .

assuranceforeningen skuld

about skuld skuld is a diversified marine insurer which offers a wide range ofinsurance products and consists of three main market brands : skuldp & i , skuld offshore and skuld 1897 .
assuranceforeningen skuld’s danish department and acubiz hassigned an agreement concerning the use of acubiz ems . with focus onstreamlining the workflow within expense management we are alsohappy that assuranceforeningen skuld has decided to use acubizcapture as a part of their ems service . hereby employees willbenefit form an app that makes it simple to upload and savereceipts directly in the acubiz ems solution .
assuranceforeningen skuld is a provider of marine insurance services . it offers protection and indemnity , freight defense and demurrage , charterers’ liability , hull war risk , and kidnap and ransom insurance services , as well as ancillary cover , claims handling , underwriting , and risk management services .
the p & i world is changing , and we have to change with it ,
jacobs said .
and we think that this is the right step forward for skuld and for the members of skuld .
skuld , jacobs said , meets its own internal slogan of
the new generation p & i club .
a partial report preview for assuranceforeningen skuld ( gjensidig ) is shown below . where indicated by
yes ,
creditriskmonitor contains this information in its extensive database . to get access to the full report and learn more about creditriskmonitor ' s robust financial risk analysis and timely news service , request a personalized demo and free trial today .
del rosario & del rosario lawyers david valencia and ralph villamor took part in the 2018 skuld school in hong kong .
the new vehicle will be called skuld syndicate 1897 , after the year of skuld ' s founding . jacobs , who called the choice of name
a pretty good twist ,
said the shared maritime history of skuld and lloyd ' s is important .
we can ' t think of any better partner ,
he said of lloyd ' s .
for most of its 110 - plus years of existence , norwegian p & i club skuld focused on the scandinavian market .
skuld is seeking a risk manager for our enterprise risk management and actuarial department . deadline for application is 12 august 2018 .
skuld ' s annual review and accounts 2017 ( 20 . 02 . 17 - 20 . 02 . 18 ) is now available .
skuld is currently seeking a senior claims executive ( lawyer ) for our oslo 1 business unit . deadline for application is 9 july 2018 .
the agreement will allow skuld to draw on its own global network . and the turnkey arrangement brings in the kind of specialized expertise that skuld does not yet have , he said . randall & quilter
will run it for three years for us until we are up and standing with our own agency .
at the annual general meeting of skuld mutual protection and indemnity association ( bermuda ) limited , members received reports on matters of importance and annual elections were held .
the oslo - based mutual was founded in 1897 by norwegian shipowners as a counterweight to british p & i clubs , said executive vice president eric jacobs . over the past 15 to 20 years , skuld has branched out to the point where about 75 % of its markets now lie outside scandinavia . these territories provide most of skuld ' s growth , jacobs added .
now , skuld is embarking on what jacobs said may be its biggest change ever : it is entering the lloyd ' s market . skuld has signed a turnkey agreement with london - based insurance investor and nonlife runoff specialist randall & quilter investment holdings plc to form a new lloyd ' s syndicate to write marine and offshore energy risks ( bestwire , nov . 9 , 2010 ) .
skuld sells its insurance to shipowners through brokers and on a direct basis .
for us to add on a new product range into this structure is just a plus ,
jacobs said .
the firm continues to act for international shipowners and their p & i clubs on controversies involving labour , collisions , oil pollution / spills , charter party / bill of lading disputes , ship sale and purchase , ship finance , ship mortgage and ship registrations . the firm’s present roster of p & i and specialist clubs spans the major continents of the world . in europe the list of p & i and specialist clubs represented by the firm includes the uk p & i club , steamship insurance management services ltd , west of england , north of england , british marine insurance , charterama , raets p & i , itic , charterers mutual and shipowners mutual p & i association in the united kingdom ; assuranceforeningen gard , assuranceforeningen skuld , nordisk skibsrederforening in norway , the swedish club in sweden ; noord nederlansche in the netherlands , ingosstrakh insurance company and rosgosstrakh insurance company in russia . in the americas , the firm is correspondent for the american club . in asia , the firm represents the japan p & i club , china p & i club and korea p & i club .
skuld , which has 169 employees , has offices in the united kingdom , denmark , germany , hong kong , russia , the united states and greece . it had total 2009 premium income of $ 253 . 9 million ( 186 . 7 million euros ) .
lloyd ' s
unique
platform fits with skuld ' s existing goal of trying to improve its services and broaden its product offering , jacobs said .
we want to merge the best from lloyd ' s , the best from the p & i world and then give that to our customers and member base ,
he said .
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we ' re truly an international p & i club ,
said jacobs .
in addition to energy , the new syndicate will be covering
marine hull , cargo , loss of hire , war ; the products that our members are seeking and that they ' re comfortable with ,
jacobs said .
the mutuality that the shipowners have created with these p & i clubs is the right product and the right way of doing this type of insurance for them ,
jacobs said .
the syndicate will begin writing for 2011 , with a capacity of 60 million pounds ( 70 . 4 million euros ) . jacobs sees that possibly increasing to 80 million pounds in the second year and maybe as high as 100 million pounds in the third year .
jacobs cited the elements of lloyd ' s
three - tier capital base .
these are the premium income of the syndicates , the capital pledged by market participants and the lloyd ' s central fund .
it ' s a straightforward deal ,
said jacobs , who declined to reveal the financial terms .
they charge us for the services they do and they also will help us to migrate this structure over to own platform when we ' re ready .
jacobs himself has an international perspective . the son of an american father , he spent part of his childhood on long island and speaks perfect english . he confesses to being a new york yankees fan . he was in london on his way to bermuda .
we ' re taking this slow ,
jacobs said of the turnkey deal .
the most important thing is to get this right , not to grow too quickly .
jacobs acknowledged the current international economic downturn . but as long as trade continues , he said , shipowners will need insurance .
we ' re catering for the needs of the new generation shipowner coming up ,
he said .
and i think that ' s our path .
today , the portion of the marketplace focusing on guaranteed death benefits is undergoing a shift toward providing more options and flexibility for policy owners . global atlantic’s new lifetime foundation elite iul bridges that gap between flexibility and options on the one hand and strong death benefit guarantees on the other – because now you can do both . read more
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a summary of recommendations on what the vessel should do to reduce the risk of damage to engines due to catalytic fines in marine bunker fuel .
international shipping industry organisations , with military support , have launched a new website .
liquefaction risks of nickel ore cargoes from indonesia and the philippines have been a long - standing prominent issue which require constant vigilance and review by shipowners and charterers .
at its meeting in tokyo on 15 june 2018 , the committee was informed of the status of the association .
at the committee meeting 15 june 2018 , the committee made a recommendation to close the 2015 policy year .
o . w . bunker and trading a / s and its affiliates in several countries ( collectively “owb” ) went bankrupt in november 2014 . following the bankruptcies of owb a tsunami of legal battles has taken place and do still take place in numerous jurisdictions .
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to determine if a company uses credit information for private passenger automobile or homeowners insurance .
the following organizations rate insurance companies on their financial strength and stability . some of these companies charge for their services .
when considering the company ' s complaint index and ratio , be sure to review the company history information displayed below for recent acquisitions , mergers , or other events that may affect the figures displayed for this company .
confirmed complaints : the number of confirmed complaints closed against the company for the line of insurance and year indicated . a complaint is confirmed if the department receives information indicating that a company committed any violation of an applicable state insurance law or regulation , a federal requirement the department has authority to enforce or the term or condition of an insurance policy or certificate . a complaint is also confirmed if the complaint and company ' s response , considered together , suggest that the company was in error or that the complainant had a valid reason for the complaint .
complaint ratios : the ratio , expressed as a percentage , is the number of closed confirmed complaints divided by the number of policies the company had in force for the line of insurance and year indicated .
complaint index : indicates how a company ' s ratio of the number of complaints to the number of policyholders compares to the average for all insurers . the index is calculated by dividing the company ' s percentage of complaints for a specific line of insurance by the company ' s percentage of the policies in force for the same line of insurance . the average index is 1 . 00 . a number less than 1 indicates fewer complaints than average ; a number greater than 1 indicates more complaints than average . for the most recent completed year , a given insurer ' s index may change over time , as policy count data is received by tdi . this will affect each insurer ' s percentage of the total .
complaints against an insurance company are not part of the complaint tally above if the insurance company served only as a third party administrator ( tpa ) , a company hired simply to administer the paperwork of a health plan . instead , they are included in the complaint record of the insurance company or hmo that hired the tpa . if a bonafide self - insured benefit plan hired the tpa , no complaint numbers are recorded as a part of the company / tpa ' s profile . neither are profiles available for self - insured plans , as such plans are regulated under federal law .
for names of the companys current officers , please contact the company at the phone number listed in the contact information above or on their website .
our expertise in global insurance markets helps give our asian clients a competitive edge in their business .
our understanding of asia’s marine industry is the basis for insurance solutions that work for clients .
we are marine insurance experts with a client base across asia . since our establishment in 1994 , we have become one of the largest marine brokers in the region , not only by understanding the dynamics of clients business , but also by sharing the same values and traditions .
the indian coast guard successfully rescued 22 crewmembers from the burning cont . . .
one of two tankers that ran aground off kaohsiung , taiwan , split in two .
part of the hyperion insurance group copyright © 2018 fp marine limited . fp marine is part if rkh specialty limited (
rkhsl
) , which is a subsidiary of the hyperion insurance group limited . rkhsl is registered in england and wales under company registration number 07142031 and is authorised and regulated by the fca in respect of general insurance business under firm reference number 531097 .
there are thirteen separate and independent principal clubs in the group , plus their affiliated associations .
the purpose of protection and indemnity (
p & i ;
) insurance is to shield the assured from the risk of his liability to others arising from his maritime activities .
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urltoken
for almost three decades , delrosariolaw has led in the shipping and transport practice and continues to do so . this enduring reputation has made the firm’s opinion in major maritime policies of the country most sought after . the firm’s ruben t . del rosario has been invited to sit in the tripartite body that formulated the amendments to the standard contract for filipino seafarers . maritime arbitration was likewise given official recognition through the efforts of the firm both in the standard contract for seafarers and the philippine dispute resolution center , inc . ( pdrci ) . the philippine maritime voluntary arbitrators association ( pmvaa ) has ruben t . del rosario as its charter president .
the firm is also the exclusive manila correspondent of the through transport club , the largest club for non - vessel common carriers , terminal operators and freight forwarders / consolidators . philippine clients include the international container terminal services , inc . ( ictsi ) and the asian terminals , inc . ( ati ) , the two largest arrastre / terminal operators in the country .
delrosariolaw has been active in the practice of labor and personal injury law since its founding on may 1 , 1977 . it has lawyers and claims handlers who attend various hearings , conferences and amicable settlements at the national labor relations commission ( nlrc ) on a daily basis . for the past three decades , delrosariolaw has handled all kinds of labor disputes representing the employer .
the firm has assisted in the settlements of thousands of filipino seafarers claims . its partner , ruben del rosario was a member of the tripartite conference that drafted the poea standard employment contract . the firm has also assisted in the litigation of filipino seafarers claims filed in the united states particularly in lousiana , texas , miami , california , new york and various other states . it has helped in the dismissal of a spate of cases filed in panama . it has assisted the clubs in claims filed in such countries as the united kingdom , denmark , sweden , hong kong , canada and others . the firm ' s lawyers have prepared various types of affidavits in these cases affirming the jurisdiction clause of the poea standard contract .
delrosariolaw has further assisted the clubs in the drafting of the standard form of the receipt and release now widely used in the settlement of crew claims . it has formulated a standard release procedure in order to ensure that releases are iron - clad and cannot be challenged in foreign jurisdictions .
the firm has likewise arranged prompt settlements to protect the filipino seafarer from ambulance chasing lawyers . it has assisted the clubs in their desire to upgrade the preemployment medical examination or peme .
delrosariolaw continues to assist not only in the field of crew claims but on all labor issues such as labor standards , wage policies , retirement benefits and the like . ruben del rosario is the founding president of the philippine maritime voluntary arbitrators association inc . ( pmvaa )
the reputation of the firm earned in defending the interests of international ship owners and their p & i clubs has created an indomitable impression in the entire transport industry .
sea carriage constitutes only a portion of the chain of carriage of goods which , needless to say , may originate in one country and end , after delivery , in another . the other players in the transportation of goods , multimodal transport operators , viz : non - vessel operating common carriers , freight forwarders / consolidators , warehouse operators , as well as terminal operators have also sought the expertise of the firm in matters concerning the rights , obligations and liabilities in the movement of cargo . delrosariolaw represents the top international multimodal transport operators and the sixteen ( 16 ) leading transport operators in the philippines .
being the exclusive correspondent of the through transport club , the firm is involved in most major transport disputes including disputes involving terminal operations . it handles any and all claims such as cargo liabilities , third - party liabilities , equipment claims , personal injury claims , railroad accidents , filed by or against the two largest terminal operators in the country , international container terminal services inc . ( ictsi ) and asian terminals inc . ( ati ) .
from the moment the goods leave the shipper ' s premises until they reach the doorsteps of the consignee , at no instance will the firm be not involved . thus , delrosariolaw ' s extensive services can be utilized throughout the duration of the transport .
our firm provides legal advice and procedural services for incorporation of companies . our experience enables us to evaluate and determine the type of business organization and capital structure best suited for the client’s needs . we take care of all documentation requirements in registering the company .
our services also include advising and assisting clients in securing special license / accreditation from pertinent government agencies when such is required by the special nature of the business of the company .
we provide corporate housekeeping services to ensure that all corporate records are properly kept and the reportorial requirements of the securities & exchange commission ( sec ) and other government agencies are met by clients on time . corporate housekeeping includes , but is not limited to such tasks as preparing the minutes of meetings of shareholders and the board of directors , issuing stock certificates , maintaining the stock & transfer book , and preparing and submitting regular reports required by the sec .
where the company is especially licensed to conduct a particular business , we ensure that all reports required by the appropriate licensing agencies are submitted in proper form and on time .
our firm conducts due diligence to assist clients in the evaluation of the commercial , legal and financial health of a company under consideration . due diligence may either be general or confined to a specific area such as corporate condition , contracts , foreign investment , transfer of technology , and labor matters .
this service includes preparation , review and advice on corporate and commercial transactions and agreements , including but not limited to joint venture agreements , sale and purchase of businesses , distributorship and agency agreements , shareholders agreements , contracts for services , trade and technology transfer agreements , long - term loan agreements , and management services contracts .
while the philippines is encouraging foreign investments into the country , there are still limitations imposed by the foreign investments act , the anti - dummy law , and such other laws , including the philippine constitution itself , that limit the extent of foreign participation in philippine companies . our firm advises and assists overseas clients on pertinent aspects of an investment , such as but not limited to , the appropriate structure or vehicle for such investment , company registration and business licensing requirements consistent with existing laws . we counsel our multinational clients on negotiating , drafting and analyzing agreements for various types of local and international commercial transactions .
the firm provides legal advice on such matters as insurance contracts and the interpretation thereof . services have also included advising multinational clients on philippine insurance law and jurisprudence in relation to prosecution of claims and global policy drafting . it has also represented insurance companies in defense against invalid and at times , fraudulent claims . it has also given advice to foreign insurance companies including reinsurance companies . it has represented at one time or another some of the largest insurance companies in the world .
the firm provides immigration services to multinational companies . at present , its services include : 1 ) extension of temporary visitors ' visa ( 9 [ a ] ) 2 ) filing of petition for change of admission status from temporary visitor 9 ( a ) visa to pre - arranged employment 9 ( g ) visa with the bid ( bureau of immigration and deportation ) a ) renewal extension b ) supplemental petition for dependents 3 ) filing of application for issuance of an alien employment permit ( aep ) with the dole a ) renewal b ) preparation of understudy training program ( utp ) 4 ) filing of petition for issuance of quota / non - quota immigrant visa ( sec . 13 [ a ] ) 5 ) filing of petition for issuance of special investor ' s resident visa ( e . o . 226 , book v ) 6 ) filing of petition for issuance of philippines retirement authority visa ( e . o . no . 1037 ) 7 ) application for issuance of special return certificate ( src ) / re - entry permit ( original and re - issuance ) 8 ) application for issuance of emigration clearance certificate ( ecc ) 9 ) application for issuance / renewal of special work permit ( swp ) with the bid 10 ) application for issuance of a provisional permit to work ( ppw ) with the bid
the firm has wide exposure in handling civil , corporate and criminal disputes and controversies before the different trial and appellate courts in the philippines involving the advocacy and application of civil law , corporate law , criminal law , commercial law , taxation , insurance law , customs , immigration and administrative law , among others . the firm likewise represents various clients before administrative / quasi - judicial bodies such as the nlrc and poea on labor claims ; board of marine inquiry , marina , bureau of customs and philippine coast guard on maritime related investigations ; the prosecutor ' s office and department of justice on criminal prosecution ; and a host of other specialized government agencies .
this extensive litigation work requires the firm ' s lawyers to spend substantial time in court appearances and submission of various written pleadings thus enhancing the firm ' s litigation expertise .
in a limited sense , the firm also engages in litigation work abroad as it is usually called upon by foreign clients / law firms to render expert advice on philippine laws relevant to disputes litigated in the united states , uk , panama , canada , hong kong , singapore and other foreign jurisdictions .
although arbitration in general has not been used extensively in the philippines , delrosariolaw has been active in this limited field and has especially worked for the recognition of maritime arbitration . the firm is actively involved in the philippine dispute resolution center inc . ( pdrci ) , the arbitration arm of the philippine chamber of commerce and industry , the association of the top corporations in the philippines .
ruben del rosario has acted as ad hoc arbitrator in several maritime disputes . he was charter president of the philippine maritime voluntary arbitrators association ( pmvaa ) an organization of voluntary arbitrators composed of former sea officers , manning agents executives , union officials and voluntary labor arbitrators . pmvaa is promoting voluntary arbitration as a means of settling disputes between filipino seafarers and their foreign employers .
the intellectual property department is presently handled by six ipo registered lawyers and two paralegals with arturo t . del rosario jr . still at the helm . the firm continues to be active members of the asian patent attorneys association ( apaa ) , international trademark association ( ita ) and the association internationale pour protection de la propriete intellectuelle ( aippi ) arturo t . del rosario jr . was an elected director of the intellectual property association of the philippines ( ipap ) .
the firm has a wide array of foreign clients , including mainstay sony corporation of japan , compaq computer corporation of texas , other chemical and retail companies in the united states , and european based firms such as delsey and stadler .
the firm handles all aspects of intellectual property law , with emphasis on trademark and design registrations , and their maintenance at competitive rates . the firm also regularly advises its foreign clients on ip rights and steps to be taken to protect these rights . delrosariolaw has been engaged directly by multinational corporations to handle their ip matters in the philippines , and through the firm ' s thirty five years , it has acquired a wide range of skills in the field . . .
we see the del rosario brothers all the time ,
says a leading shipping and maritime practitioner . del rosario & del rosario was established in 1977 by arturo m . del rosario sr . and is now led by his sons , co - managing partners arturo t . del rosario jr . and ruben t . del rosario . . . .
few will dispute del rosario & del rosario position as the philippines ' leading maritime law firm . the five - partner firm , including the highly rated ruben del rosario , arturo del rosario and joseph manolo rebano , offers top - notch advice on wet and dry shipping matters . it represen . . .
the firm this unparalleled shipping firm remains at the forefront of the market . the group counsels international shipowners and p & i clubs on matters relating to collisions , the sale and purchase of vessels , ship finance , mort - gage and registration . in addition , the team has assum . . .
delrosariolaw senior partner charles jay dela cruz was elected as member of the board of trustees of the philippine bar association ( pba ) for the term 2018 - 2019 .
del rosario & del rosario partner joseph rebano was re - elected as director of the philippine bar association for the year 2017 - 2018 .
del rosario pandiphil’s edgardo antonio a . del rosario , md , ruth f . manalo , rn and irish c . villafuerte , rn participated as resource speakers in the officers dialogue of multinational maritime inc , mmsphil maritime services corp . and phil - crewing maritime services inc . held at their newly inaugurated office located in cavite city last april 21 , 2018 .
del rosario & del rosario law office partners charles dela cruz and denise cabanos together with managing associate ma gina guinto - ambil visited several p & i clubs , ship owners and ship managers in greece and cyprus from 16 to 28 april 2018 .
the team in our firm handling crew matters involving filipino personnel on - board cruise lines embarked on a courtesy visit to the major cruise companies based in miami .
skuwd was estabwished in 1897 in oswo , norway , as de first p & i cwub outside de united kingdom . the name has its origins in norse mydowogy according to which skuwd is one of de powerfuw goddesses known as norns who weave de dreads of destiny . the purpose of de association is
mutuaw insurance against wiabiwities and wosses incurred by members in direct connection wif de operation of de entered vessews
. [ 1 ]
as a mutuaw association , de cwub has no sharehowders and is owned and controwwed directwy by its insured shipowners who are known as members of de cwub and are entitwed to vote at de generaw meeting according to de gross tonnage of de ships entered in de association , uh - hah - hah - hah . the members ewect a committee of between 12 and 30 members which meets twice a year , and a board of directors consisting of between five and nine members . the conditions of membership and terms of insurance are contained in de statutes and ruwes .
skuwd underwent a major restructuring in de period 2000 to 2003 which wed to a substantiaw improvement in its financiaw strengf and standard & poor ' s rating of a wif a stabwe outwook . the annuaw report for de insurance year ending 20 february 2017 records assets of usd 1 biwwion and a contingency reserve of usd 394 miwwion , uh - hah - hah - hah . at de commencement de 2017 / 2018 insurance year de entered tonnage for wiabiwity insurance reached 97 miwwion gross tonnes . some 23 % of de tonnage entered continues to be scandinavian - controwwed . skuwd is awso a weading provider of charterers ' wiabiwity insurance .
skuwd is one of dirteen members of de internationaw group of p & i associations dat work cwosewy togeder in reinsurance and industry matters of common interest . the p & i cwubs in de internationaw group provide insurance for de wiabiwities of approximatewy 90 % of de worwd ' s merchant fweet .
in december 2010 , skuwd announced dat it had awso entered de lwoyd ' s market . [ 2 ] [ 3 ]
1 january 2011 , skuwd open as de first p & i cwub a syndicate at lwoyd ' s , skuwd 1897 .
1 january 2017 , skuwd acqwired gerwing norway , a gwobaw speciawist in mainwy huww insurance – now renamed skuwd marine agency or sma .
the p & i (
protection and indemnity
) insurance provided by skuwd to its members is primariwy to cover de wiabiwities which dey incur to dird parties arising out of de operation of deir ships . the common types of cwaim which are covered are for deaf or injury to passengers and crew , oiw powwution , cargo woss or damage , cowwision , wreck removaw and stowaways . shipowners ' exposure to dese cwaims has grown in wine wif increasing reguwation of de shipping industry drough internationaw conventions adopted by de internationaw maritime organisation as weww as by domestic or regionaw wegiswation .
skuwd has been invowved in a number of high - profiwe cases , incwuding de estonia , hebei spirit , braer , sea empress and scandinavian star .
skuwd awso provides shipowners and charterers wif additionaw types of cover . this incwudes cover for wegaw assistance and wegaw costs (
defence
cover ) as weww as insurance for operators of units in de offshore and energy sector .
through de syndicate at lwoyd’s , skuwd 1897 , skuwd offers marine and energy insurance as weww as cargo and port and terminaws insurance .
in skuwd marine agency , skuwd is offering mainwy huww and machinery insurance and associated products wif a possibiwity to write cwaims lead on sewected fweets .
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