{"id":7267,"date":"2020-06-12T21:52:10","date_gmt":"2020-06-12T21:52:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7267"},"modified":"2026-04-24T04:27:55","modified_gmt":"2026-04-24T07:27:55","slug":"imperial-pacific-rim","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-rim","title":{"rendered":"New setback for Imperial Pacific"},"content":{"rendered":"\n

A judge has granted a second writ for former provider Pacific Rim to access Imperial Pacific’s accounts.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- The Hong Kong-based casino operator, Imperial Pacific International (IPI) is facing another loss in the legal battle against former provider, Pacific Rim.<\/p>\n\n\n\n

Originally, Pacific Rim was one of the developers working on IPI\u2019s resort construction in Garapan, in the Northern Mariana Islands. But the operator was sued after allegedly refusing to pay for work that had been done, and Pacific Rim was granted US$6.9 million in compensation.<\/p>\n\n\n\n

In order to claim the compensation, the developer had to request a writ to seize IPI\u2019s money from accounts in the Bank of Saipan, City Trust Bank, Bank of Guam, and First Hawaiian Bank. That was granted last Monday.<\/p>\n\n\n\n

Now the firm has obtained a second writ to seize cash held in Security Title Inc. and Pacific American Title Inc.<\/p>\n\n\n\n

According to the Saipan Tribune, Pacific Rim\u2019s lawyers say IPI hasn\u2019t posted a bond, paid the sum or obtained an order staying or suspending execution on the $6.9-million judgment.<\/p>\n\n\n\n

After the rulings, the US Marshal was ordered to deposit the seized money into the court\u2019s registry or account where it will remain until IPI has had an opportunity for an exemptions hearing.<\/p>\n\n\n\n

In the meantime, IPI has appealed to the US Court of Appeals for the Ninth Circuit to reverse the judgment.<\/p>\n\n\n\n

It’s not the only legal battle the Hong Kong operator is fighting. It has pending cases<\/a><\/em><\/strong> related to the Sardini Group, U.S.A. Fanter Corporation, and seven China-based former employees.<\/p>\n\n\n\n

The Commonwealth Casino Commission recently issued a demand to suspend IPI\u2019s license<\/a><\/em><\/strong> over its alleged failure to pay fees owed to the Northern Mariana Islands since 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

A judge has granted a second writ for former provider Pacific Rim to access Imperial Pacific’s accounts.<\/p>\n","protected":false},"author":2,"featured_media":7268,"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) faces a second writ for asset seizure by former provider Pacific Rim over US$6.9 million in unpaid compensation, following an initial writ against its bank accounts. Concurrently, IPI is appealing the judgment and contending with multiple other lawsuits and a demand from the Commonwealth Casino Commission to suspend its license due to outstanding fees since 2018.","focusai_entities":"Pacific Rim, Imperial Pacific International, Bank of Saipan, City Trust Bank, Bank of Guam, First Hawaiian Bank, Security Title Inc., Pacific American Title Inc., US Marshal, US Court of Appeals for the Ninth Circuit, Sardini Group, U.S.A. Fanter Corporation, Commonwealth Casino Commission","focusai_location":"Hong Kong, Northern Mariana Islands, Garapan, Saipan, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (0.85), supplier_vendor (0.8), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI License Status?","query":"What is the projected timeline and potential impact of the Commonwealth Casino Commission's demand for license suspension on Imperial Pacific International's operational continuity and market position?"},{"label":"Financial Recovery Outlook?","query":"Given the multiple legal judgments and asset seizure writs, what is the estimated total financial liability for Imperial Pacific International, and what are the implications for its long-term solvency and potential for restructuring?"}],"footnotes":""},"categories":[16338,439],"tags":[29,14213,20802],"class_list":["post-7267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-casino","tag-imperial-pacific","tag-pacific-rim"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7267","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7267"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7267\/revisions"}],"predecessor-version":[{"id":21540,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7267\/revisions\/21540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7268"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}