06/27/24 CNMI representative criticises CCC over casino debts Marissa Flores has accused CCC chairman Edward C. Deleon Guerrero of “not doing justice to help the people of the Commonwealth.”
06/26/24 IPI withdraws initial US$400k from US$7m loan The casino operator has already paid the Department of Public Lands US$209,070 for overdue lease payments.
06/24/24 IPI seeks additional debtor-in-possession financing The casino operator has asked the NMI Bankruptcy Court for an additional US$1m.
06/21/24 CNMI government aims to liquidate all IPI assets Authorities have filed a motion to convert Imperial Pacific International’s Chapter 11 bankruptcy to Chapter 7.
06/19/24 Creditors oppose IPI request for debtor financing The committee of IPI unsecured creditors says the casino operator has provided limited and vague information about the lender.
06/14/24 CCC files memorandum supporting motion to dismiss IPI complaint A hearing has been scheduled for July 25.
06/12/24 IPI to be delisted from the Hong Kong Stock Exchange The Stock Exchange has provided a date for delisting.
06/10/24 Clear Management seeks approval to sell IPI vehicles Clear Management is due to sell 11 luxury vehicles as part of its latest auction.
05/24/24 Court rules IPI bankruptcy stay does not cover missing liquor case Judge Ramona V. Manglona has ruled the missing liquor was no longer part of IPI’s debtor estate.
05/23/24 Turkish workers seek to modify IPI automatic stay The former IPI workers have filed a motion for their lawsuit to continue.
05/15/24 IPI creditors push for assets sale Creditors are urging a US court to lift an automatic stay.
05/10/24 Court grants IPI extension in CCC lawsuits Imperial Pacific International has until May 17 to respond to the CNMI government’s motion to dismiss its lawsuit.
