{"id":32176,"date":"2022-07-28T05:32:40","date_gmt":"2022-07-28T08:32:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32176"},"modified":"2026-04-23T06:27:37","modified_gmt":"2026-04-23T09:27:37","slug":"security-guards-claim-ipi-owes-four-payrolls","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/security-guards-claim-ipi-owes-four-payrolls","title":{"rendered":"Security guards claim IPI owes four payrolls"},"content":{"rendered":"\n

The company currently has 17 security guards, but some of them are not reporting to work due to payroll delays.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- IPI is reportedly continuing to have problems paying its employees’ salaries. Mariana’s Variety has reported that its remaining security guards in Saipan have not received pay ofr June and that the company now owes four payrolls. Some of the 17 security guards have stopped going as a result.<\/p>\n\n\n\n

Meanwhile, it was reported that representatives of financier IH Group wanted to attend today’s meeting between IPI and the Commonwealth Casino Commission. However, the casino commissioner Ramon M. De la Cruz<\/strong> opposed the request.<\/p>\n\n\n\n

IH Group, a South Korean company, has signed a letter of intent to provide IPI with a capital injection of $150m to enable it to meet its obligations to creditors, resume operations and resume construction,\u00a0<\/p>\n\n\n\n

De la Cruz said that as the casino commission is under a temporary restraining order from the federal court, it cannot address the problems related to IPI. He said it can only discuss administrative matters within the commission, which is required by law to meet regularly.<\/p>\n\n\n\n

IPI has reportedly paid its debts with construction workers, except for Jess Aquiningoc, the former head of Imperial Pacific International’s construction team,\u00a0who has sued the company<\/a>.<\/p>\n\n\n\n

Aquiningoc said\u00a0IPI owes him for paid time off<\/strong>\u00a0that he accumulated over the past two years. He said he had to borrow money and go into debt with family and friends as a result.<\/p>\n\n\n\n

Due to continuous delays<\/a>, the CCC has filed an opposition to IPI\u2019s motion for a preliminary injunction that prevented it from revoking IPI\u2019s casino licence.<\/p>\n\n\n\n

According to CCC attorneys, the basis of IPI\u2019s initial motion is that Section 30 of the Casino Licence Agreement (CLA) requires arbitration, or an alternate resolution outside court, for its force majeure defence.<\/p>\n\n\n\n

IPI filed its motion for preliminary injunction eight months after CCC executive director Andrew Yeom filed five enforcement actions against it<\/a> and over a year after the commission suspended IPI\u2019s licence after two evidentiary hearings.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company currently has 17 security guards, but some of them are not reporting to work due to payroll delays.<\/p>\n","protected":false},"author":176,"featured_media":11457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) continues to face severe financial distress, evidenced by multiple unpaid payrolls to its security personnel and ongoing litigation with former employees. The Commonwealth Casino Commission (CCC) has opposed IPI's motion for a preliminary injunction against license revocation, citing IPI's delayed invocation of arbitration clauses. A proposed $150m capital injection from South Korean financier IH Group is pending, amidst the CCC's operational limitations due to a federal court restraining order.","focusai_entities":"IPI, Imperial Pacific International, IH Group, Commonwealth Casino Commission, Ramon M. De la Cruz, Jess Aquiningoc, Andrew Yeom","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IPI's Capital Injection","query":"What are the specific terms and conditions of IH Group's proposed $150m capital injection, and how will this address IPI's immediate operational liabilities and long-term solvency requirements?"},{"label":"Regulatory Authority Impact","query":"How does the federal court's temporary restraining order on the Commonwealth Casino Commission specifically limit its ability to enforce regulatory compliance and address IPI's license status, and what is the timeline for resolution?"}],"footnotes":""},"categories":[16336,439],"tags":[24134,22674],"class_list":["post-32176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32176"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32176\/revisions"}],"predecessor-version":[{"id":32188,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32176\/revisions\/32188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11457"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}