Judge Issues TRO Pending Possible Arbitration Of Mariana Islands Casino Dispute

Mealey's (May 24, 2022, 1:35 PM EDT) -- SAIPAN, Northern Mariana Islands — A U.S. District Court for the Northern Mariana Islands judge on May 23 issued a temporary restraining order (TRO) sought by a Hong Kong investor and its LLC to block an enforcement action for failure to pay about $36 million in fees for their planned $3.14 billion casino and hotel, finding that the investors will be irreparably harmed if not allowed to arbitrate whether COVID-19 was a “force majeure” that excuses them from paying the fees....