Chief Judge Ramona V. Manglona has denied the motion to intervene in Joshua Gray’s lawsuit against IPI.<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.- Chief judge\u00a0Ramona V. Manglona\u00a0of the District Court for the NMI has ruled against Century Estate Investment’s attempt to intervene in a lawsuit between Joshua Gray and Imperial Pacific International (IPI). The judge also granted\u00a0Gray’s request for an order to show cause<\/a>, seeking the appointment of a limited receiver.<\/p>\n\n\n\n IPI’s creditor had filed a motion to intervene in Gray\u2019s pursuit<\/a>\u00a0of receivership arguing that its US$9m loan to IPI in February 2022, should take precedence over Gray\u2019s claims. lt sought the right to intervene and initiate the liquidation of assets. Gray’s had secured an award in a discrimination lawsuit<\/a>.<\/p>\n\n\n\n A week ago, chief Manglona awarded the Commonwealth Casino Commission (CCC) US$94,068.15 to cover fees and expenses incurred due to\u00a0a preliminary injunction that compelled the CCC<\/a>\u00a0to enter into arbitration with IPI. The ruling deems that the CCC was wrongly restrained when the court issued\u00a0a temporary restraining order<\/a>\u00a0(TRO) and subsequent injunction, which prohibited the CCC from proceeding with plans to revoke IPI\u2019s casino licence. <\/p>\n","protected":false},"excerpt":{"rendered":" Chief Judge Ramona V. Manglona has denied the motion to intervene in Joshua Gray’s lawsuit against IPI.<\/p>\n","protected":false},"author":176,"featured_media":21187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Chief Judge Ramona V. Manglona denied Century Estate Investment's motion to intervene in Joshua Gray's lawsuit against Imperial Pacific International (IPI), which seeks receivership for the operator. Concurrently, the court awarded the Commonwealth Casino Commission (CCC) US$94,068.15, deeming its prior restraint from revoking IPI's casino license as wrongful. This ruling significantly impacts IPI's operational viability and creditor recovery prospects.","focusai_entities":"Ramona V. Manglona, Joshua Gray, Imperial Pacific International (IPI), Century Estate Investment, Commonwealth Casino Commission (CCC)","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Liquidation Impact?","query":"What are the immediate implications for IPI's asset liquidation process following the denial of Century Estate Investment's intervention and the granting of Gray's request for a limited receiver?"},{"label":"Regulatory Precedent?","query":"How does the court's ruling, particularly the award to the Commonwealth Casino Commission for wrongful restraint, strengthen the regulatory body's enforcement powers and set a precedent for future licensing disputes in the NMI?"}],"footnotes":""},"categories":[16336,439],"tags":[24134],"class_list":["post-777010461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010461","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=777010461"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010461\/revisions"}],"predecessor-version":[{"id":777041101,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010461\/revisions\/777041101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21187"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}