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IPI, creditors move for stay on limited receivership

The parties who have assumed the role of U.S.A Fanter Corp. Ltd., in the receivership currently active against Imperial Pacific International (CNMI) LLC have agreed to request a stay on the limited receivership which is currently on track to auction off more of IPI’s assets this...
Posted On Oct 06 2022 06:06
, By Kimberly Bautista Esmores
0

Over $300K of IPI assets sold

The District Court for the NMI has recently confirmed that court-appointed receiver Clear Management Group may go ahead with the sale of Imperial Pacific International (CNMI) LLC’s assets. The first and most recent transaction was a repurchase that netted over $300,000.  Earlier...
Posted On Sep 30 2022 06:06
, By Kimberly Bautista Esmores
0

‘Arbitration with IPI just waste of time, money’

Commonwealth Casino Commission board chair Edward C. DeLeon Guerrero said yesterday that in his opinion the arbitration process with Imperial Pacific International (CNMI) LLC is just a waste of time and money. DeLeon Guerrero stated during CCC board’s regular monthly meeting at...
Posted On Sep 30 2022 06:04
, By Ferdie De La Torre
0

Receiver reopens online auctions for sale of IPI’s casino equipment

Casino gaming equipment owned by Saipan casino operator Imperial Pacific International (CNMI) LLC is back on the market and set to be auctioned off from next month after a local court lifted a stay on the sale. The first of two auctions for IPI’s equipment is scheduled to take...
Posted On Sep 20 2022 06:02
, By BEN BLASCHKE
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