The United States Bankruptcy Court for the Southern District of New York (Court or New York Court) has denied Xinyuan Real Estate Company Ltd. (Xinyuan or Debtor)’s motion to dismiss an involuntary chapter 11 case filed against it by a group of noteholders.

The ruling, made on March 3, 2026, has implications for the interplay between United States bankruptcy proceedings and foreign schemes of arrangement, particularly when the foreign scheme is at an impasse.

Below, we discuss the background of the decision and its practical implications for foreign companies.

La présente Newsletter de Monfrini Bitton Klein vise à offrir, de manière hebdomadaire, un tour d’horizon de la jurisprudence rendue par le Tribunal fédéral dans les principaux domaines d’activité de l’Etude, soit le droit pénal économique et le recouvrement d’actifs (asset recovery).

With the Cayman Islands being a preferred jurisdiction for the incorporation of investment vehicles, inevitably cases will arise where non-controlling shareholders complain that they are being unfairly prejudiced by conduct of those in control, and necessarily pursue those complaints by way of proceedings to wind up the subject company on the just and equitable ground.

In what was deemed an “unprecedented” application, the High Court recently refused to confirm the appointment of an interim examiner to a special purpose vehicle incorporated to develop commercial property. The Court determined that the company was not the “type of company for which examinership was designed”. The decision highlights some of the factors that the Court will consider when exercising its discretion to confirm the appointment of an examiner.

The Supreme Court of India (“Supreme Court”) in Ujaas Energy Limited vs. West Bengal Power Development Corporation Limited1 held that while claims not forming part of an approved resolution plan stand extinguished, a limited right to raise the defence of a set off in respect of such claim may still survive, depending on the terms of the resolution plan and in the facts and circumstances of each case.

Der EuGH stärkt die Rangordnung im deutschen Insolvenzverfahren. Für Geschäftsleiter steigt der Druck, für Verwalter die Schlagkraft.Wenn die Rechtswahl in der Krise nicht mehr rettet

1.最高法发布人民法院治理欠薪典型执行案例

3月2日，北京市人民政府办公厅公布《关于印发<2026年北京市全面优化营商环境工作要点>的通知》。