A Hong Kong-based corporation is suing the owner of Tinian Dynasty Hotel and Casino for allegedly failing to pay $3.1 million in outstanding balance for furniture and supplies that the hotel purchased during its 2013 and 2014 renovation.<\/p>\n
3i Corp. Limited, through counsel Rexford C. Kosack, filed the lawsuit against Hong Kong Entertainment (Overseas) Investments Ltd. for breach of contract.<\/p>\n
3i Corp. asked the Superior Court to hold HKE liable to pay $3,053,779.80 in contract damages, plus attorney\u2019s fees and court costs.<\/p>\n
Saipan Tribune yesterday tried but failed to get comment from Tinian Dynasty.<\/p>\n
3i Corp. supplies furniture and interior decoration and design services to customers in the United States.<\/p>\n
Kosack said that, on Nov. 27, 2013, plaintiff and HKE entered into a written contract for the refurbishment of Tinian Dynasty\u2019s guest rooms on the 5th and 6th floors.<\/p>\n
Kosack said the contract amount of $3,250,000 is for indoor furniture.<\/p>\n
The lawyer said that, on Oct. 3, 2013, plaintiff and HKE agreed upon a purchase order for outdoor furniture at a cost of $279,955.<\/p>\n
Kosack said HKE ordered furniture and supplies for an additional 20 standard rooms and 22 executive suites.<\/p>\n
Kosack said by mutual agreement, this increased the dollar value of the transaction from $3,529,955 to $4,853,779.80.<\/p>\n
The lawyer said his client performed all of its obligations under the contract, the purchase order, and the additional order between Dec. 7, 2013 and Oct. 14, 2014.<\/p>\n
Kosack said HKE has paid a total of $1,800,000 of the sum and still owes 3iCorp. $3,053,779.80.<\/p>\n
Kosack said that, on Oct. 2, 2015, plaintiff provided an account statement to HKE, which acknowledged and confirmed such account statement by signing it.<\/p>\n
According to court documents, it was HKE chair Michael Kwan and 3i Corp. Limited director Chen Chieh Yeh who signed the supply agreement.<\/p>\n
The lawyer said under the contract\u2019s payment terms, a 30 percent cash deposit was required on or before Dec. 31, 2013, with the remaining amount due within 75 calendar days after issuance of an invoice.<\/p>\n
The last invoice was issued on March 14, 2014.<\/p>\n
Kosack said more than 75 calendar days have passed since that invoice and final payment has not been made.<\/p>\n","protected":false},"excerpt":{"rendered":"
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