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Imperial Pacific to pay $5.6m for contract breach

Imperial Pacific has been ordered to pay to former contractor by Court.
Imperial Pacific has been ordered to pay to former contractor by Court.

Imperial Pacific International has been ordered to pay to its former contractor for breaching a promissory note.

Saipan.- After being sued by former contractor Pacific Rim Land Development LLC, Imperial Pacific International (IPI) has been ordered to pay US$5.6million for breaching a contract.

According to local newspaper Marianas Variety, the District Court for the Northern Mariana Islands had issued a partial judgement relating to the breach and denying a motion by IPI to dismiss Pacific Rim’s lawsuit.

Pacific Rim sued IPI for breach of contract after the Saipan casino operator refused to pay for services, worth US$5.6 million, at the site of IPI’s Imperial Palace‧Saipan.

Works under the agreement were completed on 30 September 2018.

According to IPI’s defense, Pacific Rim had overstated the cost of completing the works: “Pacific Rim fraudulently obtained from IPI a promissory note, which is therefore unenforceable”.

IPI added that Pacific Rim had also failed to comply with a contractual obligation to enter into mediation over the matter before filing any lawsuits.

The court ruling, for US$5.65million, also includes reasonable attorney fees and costs.

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