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Bank, Guam Industrial Services, agree to dismiss $32M loan case

Bank, Guam Industrial Services, agree to dismiss $32M loan case
guampdn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guampdn.com Daily Mail and Mail on Sunday newspapers.

Arthur Barcinas , Jackie Marati , Patrick Civille , Agana Shopping Center On , Island Equipment Company , Guam Industrial Services , Agana Shopping Center , Industrial Services , Superior Court , Guam Judge Arthur , Pacific Star Resort , ஜாக்கி மராட்டி , அகன்ற கடையில் பொருட்கள் வாங்குதல் மையம் ஆன் , குவாம் தொழில்துறை சேவைகள் , அகன்ற கடையில் பொருட்கள் வாங்குதல் மையம் , தொழில்துறை சேவைகள் , உயர்ந்தது நீதிமன்றம் , பெஸிஃபிக் நட்சத்திரம் உல்லாசப்போக்கிடம் ,

Court blocks sale of hotel, Island Equipment

Court blocks sale of hotel, Island Equipment
By Steve Limtiaco
This week’s pending sale of the Pacific Star Hotel and Island Equipment Company, to settle a $32 million bank loan, has been blocked by Superior Court of Guam Judge Arthur Barcinas, who on Tuesday granted property owner Guam Industrial Services’ request for a temporary restraining order.
The Bank of Guam loaned the money to Guam Industrial Services in 2016 in order to pay off the company’s existing loans and to rebuild the company’s “Big Blue” floating drydock at a shipyard in China.
According to Barcinas order, Guam Industrial Services could suffer irreparable harm if it loses those two businesses, and the company has demonstrated a likelihood of success on the merits for at least one of its claims, based on the evidence. ....

Anita Arriola , Arthur Barcinas , Ajay Pothen , Pacific Star Hotel , Guam Shipyard , Guam Industrial Service , Island Equipment Company , Guam Industrial Services , Mount Carmel Business Fair , Superior Court , Guam Judge Arthur Barcinas , Island Equipment , Industrial Services , Pacific Star , அனிதா அரியோலா , அஜய போதென் , பெஸிஃபிக் நட்சத்திரம் ஹோட்டல் , குவாம் கப்பல் தளம் , குவாம் தொழில்துறை சேவைகள் , உயர்ந்தது நீதிமன்றம் , தீவு உபகரணங்கள் , தொழில்துறை சேவைகள் , பெஸிஃபிக் நட்சத்திரம் ,

Judge grants temporary restraining order in GIS matter

Judge grants temporary restraining order in GIS matter
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

Arthur Barcinas , Guam Shipyard , Island Equipment Company , Guam Industrial Services , Pacific Star , குவாம் கப்பல் தளம் , குவாம் தொழில்துறை சேவைகள் , பெஸிஃபிக் நட்சத்திரம் ,

Bank wants to sell PacStar hotel, Island Equipment, citing bad loan

Bank wants to sell PacStar hotel, Island Equipment, citing bad loan
By Steve Limtiaco
The Bank of Guam plans to sell the Pacific Star Hotel and Island Equipment Company this week, after business owner Guam Industrial Services defaulted on a $32 million loan from the bank, according to documents filed in the Superior Court of Guam.
Guam Industrial Services last week petitioned the court for a temporary restraining order, stopping the sale.
Judge Arthur Barcinas held a hearing on the petition Monday afternoon. The hotel is scheduled to be sold Wednesday, and Island Equipment is scheduled to be sold Thursday. Barcinas said he will issue a decision Tuesday on whether to grant a restraining order. ....

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