US Bankruptcy Court denies debtor’s motion to dismiss involuntary petition in deference to foreign proceeding | Restructuring touchpoint | Global law firm

Bankruptcy

On March 3, 2026, the United States Bankruptcy Court for the Southern District of New York (“US Bankruptcy Court”) issued an opinion denying Xinyuan Real Estate Company Limited’s (“Debtor”) motion to dismiss an involuntary chapter 11 petition (“Chapter 11 Case”). As a result, a Cayman Islands debtor, with minimal contact to the US but meaningful…

President al-Sharaa orders debt relief, loan rescheduling for public bank borrowers

Debt Help

Damascus, March 20 (SANA) President Ahmad al-Sharaa issued a decree introducing a framework to settle non-performing loans in public banks, including exemptions from late-payment interest, contractual interest and penalties, and measures to reschedule debts exceeding 100 million Syrian pounds. Decree No. 70 of 2026 targets non-performing loans, offering full or partial waivers on interest and…

Adani Ports to be one of implementing entities in Jaiprakash Associates insolvency plan

Liquidation

Adani Ports and Special Economic Zone Ltd (APSEZ) has expressed in-principle interest in becoming one of the implementing entities under the insolvency resolution plan for Jaiprakash Associates Limited (JAL), signalling the Adani Group’s continued push to pick up strategic assets through bankruptcy proceedings. In a stock exchange filing, APSEZ said the resolution plan submitted by…

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Liquidation

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