Superior Court Presiding Judge Edward Manibusan has granted the motion for summary judgment of Niizeki International Saipan. Co. against Wendy’s Saipan International.<\/p>\n
The international fastfood chain ceased operating on Saipan in October 2000 due to the slowdown in the island’s economy, which has resulted in financial losses for the company.<\/p>\n
Court records show that WSI has not been able to pay its rental obligation which has ballooned to $58,103.<\/p>\n
As early as Oct. 26, 1999, Niizeki has issued a notice of default to Wendy’s for nonpayment of rent on the property located on Beach Road in Garapan.<\/p>\n
On Nov. 30, 1999, Wendy’s paid $9,729 to Niizeki which was credited to past due rent. Wendy’s again paid on Dec. 31, 1999 $14,729 to Niizeki and credited to past due rent.<\/p>\n
Wendy’s and other establishments on the island have been severely affected since the onslaught of the regional crisis in 1997. As a result, the restaurant was forced to take cuts in operating expenses as it shortened store hours and eliminated breakfast menus.<\/p>\n
The popular international chain has 365 restaurants throughout the world, excluding 4,964 in the mainland United States, 300 in Canada and about 1,866 Tim Horton’s restaurants.<\/p>\n","protected":false},"excerpt":{"rendered":"
Superior Court Presiding Judge Edward Manibusan has granted the motion for summary judgment of Niizeki International Saipan. Co. against Wendy’s Saipan International.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55341","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/55341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=55341"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/55341\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=55341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=55341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=55341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}