seize money and goods<\/a><\/em><\/strong> to cover IPI’s debts for unpaid works at its casino on Saipan.<\/p>\n\n\n\nThe developer has been allowed to seize funds from IPI bank accounts, but claims the casino operator still owes US$5.5bn plus interest, costs, and fees.<\/p>\n\n\n\n
The islands’ government meanwhile says it is owed US$9.4bn in unpaid business gross revenue taxes.<\/p>\n\n\n\n
Now the Office of the Attorney General has filed a note at the US District Court arguing that the tax lien should come first before settling IPI’s debts with Pacific Rim, and that the government should be given priority in assets seizures.<\/p>\n\n\n\n
Assistant attorney general Dustin Rollins wrote: \u201cAs the Commonwealth\u2019s tax lien was filed in accordance with applicable law, the Commonwealth asserts that its lien has priority over any unrecorded judgments or unperfected liens of Pacific Rim Land Development LLC.”<\/p>\n","protected":false},"excerpt":{"rendered":"
IPI owes the islands over US$9 million in taxes, while Pacific Rim is asking for US$5 million to Pacific Rim for unpaid work.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":9808,"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 legal dispute in the Northern Mariana Islands over substantial unpaid business gross revenue (GGR) taxes totaling US$9.4 billion, alongside a US$5.5 billion claim from Pacific Rim Land Development LLC for unpaid work. The Office of the Attorney General is asserting the government's tax lien should take priority in asset seizures over Pacific Rim's claims, impacting the recovery prospects for both creditors.","focusai_entities":"Imperial Pacific International, Pacific Rim Land Development LLC, Office of the Attorney General, Dustin Rollins","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on IPI's License?","query":"What are the potential implications for Imperial Pacific International's gaming license and operational status given the magnitude of unpaid GGR taxes and the ongoing legal disputes?"},{"label":"Precedent for Tax Liens?","query":"How might the court's decision on the priority of the Commonwealth's tax lien over other creditors' claims establish a precedent for regulatory enforcement and debt recovery in other iGaming jurisdictions?"}],"footnotes":""},"categories":[16336,161,439],"tags":[14213,22675,20802],"class_list":["post-9806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-daily-news","category-legal-news","tag-imperial-pacific","tag-northern-mariana-islands","tag-pacific-rim"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9806","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=9806"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9806\/revisions"}],"predecessor-version":[{"id":9811,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9806\/revisions\/9811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9808"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}