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