Hong Kong securities regulator’s settlement unlawfully prioritizes shareholders over creditors, liquidators argue
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Liquidators for China Evergrande Group have launched a legal challenge to block a HK$1 billion ($128 million) payout from PwC Hong Kong to the collapsed developer’s minority shareholders.
Failed developer’s creditors have been made HK$1 billion worse off by the agreement, liquidators say.
Case could test liability boundaries for global audit networks
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